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Godrej Consumer Shares Jump 3 Percent After Strong Q2 Business Update
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CNBC TV18•06-10-2026, 09:42
Godrej Consumer Shares Jump 3 Percent After Strong Q2 Business Update
- •Godrej Consumer Products Ltd shares traded 3 percent higher following its Q2FY27 business update.
- •The company expects high-teens consolidated revenue growth and high-single-digit underlying volume growth for the September quarter.
- •Renewed inflation across key raw-material baskets was noted, which could potentially pressure profit margins.
- •CLSA maintained an Underperform rating with a price target of 743 rupees, while HSBC retained a Hold rating with a target of 990 rupees.
Key Questions Answered
Godrej Consumer Products expects high-teens consolidated revenue growth, high-single-digit underlying volume growth, and double-digit EBITDA growth for the September quarter.
CLSA maintained an 'Underperform' rating with a price target of ₹743 per share. Meanwhile, HSBC retained a 'Hold' rating with a price target of ₹990 per share, noting that Q2FY27 revenue exceeded estimates after adjusting for inventory correction.
The company witnessed renewed inflation across several key raw-material baskets that could pressure margins. Additionally, a trade inventory correction in its standalone business is estimated to have a margin impact of about 100 to 150 basis points.
