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 announced the acquisition of Raymond’s FMCG portfolio (Park Avenue and KamaSutra) on a slump sale basis for a total gross consideration of INR 28.3bn (EV/revenue 4.6x and EV/EBITDA ~55x of FY23E)</li><li>The acquisition helps improve GCPL’s India TAM and diversify its offerings into categories with low penetration and multi-year high-growth opportunities</li><li>Besides, the inefficient cost structure of the entity in its present form presents an opportunity to expand the margin from single-digits to mid-teens (management is guiding early-mid-twenties by FY25).</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 announced the acquisition of Raymond’s FMCG portfolio (Park Avenue and KamaSutra) on a slump sale basis for a total gross consideration of INR 28.3bn (EV/revenue 4.6x and EV/EBITDA ~55x of FY23E)The acquisition helps improve GCPL’s India TAM and diversify its offerings into categories with low penetration and multi-year high-growth opportunitiesBesides, the inefficient cost structure of the entity in its present form presents an opportunity to expand the margin from single-digits to mid-teens (management is guiding early-mid-twenties by FY25).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 Consumers - Acquisition to Be Earnings Dilutive