India's Godrej Consumer falls despite profit growth; Jefferies says margins concerns linger
BUZZ-India's Godrej Consumer falls despite profit growth; Jefferies says margins concerns linger ** Godrej Consumer Products GOCP.NS shares fall 2.1% to 1,028.1 rupees
** Co's June-qtr net profit rises to 5.05 billion rupees ($53.02 million) from 4.52 billion rupees a year earlier; consolidated sales up 18.6% to 42.11 billion rupees
** However, operating profit margin remains flat at 19%
** GOCP says price hikes helped offset higher input costs and expects margins to recover through fiscal 2027 as commodity prices ease
** Jefferies says rising input costs remain a near-term margin concern, although product price hikes and cost controls should help maintain co's FY margin forecast
** Twenty-eight of 35 brokerages rate the stock "buy" or higher; their median PT is 1,292 rupees
** YTD, stock down 16.2% vs 11% decline in Nifty FMCG Index .NIFTYFMCG
($1 = 95.2525 Indian rupees)
(Reporting by Abhinav Parmar in Bengaluru)
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