External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Godrej Consumer Products / Equity Bottom-Up

<ul><li>GCPL’s 2QFY25 results were below our estimates, owing to the lower-than-expected performance of the domestic business (EBITDA margin contracted 170 bps YoY)</li><li>Management highlighted a spike in palm oil and slower-than-expected pick-up in Raymond’s business as key reasons for sub-par performance</li><li>However, subdued domestic performance was partially compensated via the margin uptick seen in Indonesia (up 140 bps YoY) and Africa (up 590 bps YoY).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

GCPL’s 2QFY25 results were below our estimates, owing to the lower-than-expected performance of the domestic business (EBITDA margin contracted 170 bps YoY)Management highlighted a spike in palm oil and slower-than-expected pick-up in Raymond’s business as key reasons for sub-par performanceHowever, subdued domestic performance was partially compensated via the margin uptick seen in Indonesia (up 140 bps YoY) and Africa (up 590 bps YoY).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Godrej Consumer (2QFY25): Growth to Be Back-Ended. Maintain BUY