BofA ML Analysts in a note on Godrej Consumer Products Ltd said,
We thin that GCPL can maintain a strong margin driven momentum in 4Q as a result of: 1) a robust show sustaining in the domestic business with better profitability, 2) strong constant currency growths in global businesses with higher margins but 3) adverse impact from currency. We expect GCPL's consol. revenue / EBITDA / PAT growth at 10% /19%/ 18% YoY.
We reiterate our Buy rating with price objective unchanged at Rs1,290.
