Hold Godrej Consumer, further margin expansion looks difficult: Jefferies
It expects the company's revenue and EPS to grow at CAGR of 10 percent and 12.5 percent over FY17-20.
Moneycontrol News
Jefferies has initiated coverage on Godrej Consumer Products with hold rating for a target of Rs 970 per share.
The brokerage house expects the company's Africa business growth would be key over next the two to three years. Meanwhile, further margin expansion might be difficult.
It expects the company's revenue and EPS to grow at CAGR of 10 percent and 12.5 percent over FY17-20.
A meeting of the board of directors of the company is scheduled to be held on November 01, 2017, to take on record the unaudited financial results for the quarter ended September 30, 2017.
The board will also consider declaration of interim dividend for the financial year 2017-18.
For prevention of insider trading, the trading window for dealing in the securities of the company is closed from October 01, 2017 till November 03, 2017 (both days inclusive).
At 11:08 hrs Godrej Consumer Products was quoting at Rs 952.20, down Rs 8.50, or 0.88 percent on the BSE.
Posted by Rakesh Patil
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