India's Godrej Consumer rises after positive first-quarter update
BUZZ-India's Godrej Consumer rises after positive first-quarter update ** Shares of India's Godrej Consumer Products GOCP.NS up 2% to 1098.5 rupees
** Co said on Friday that it expects consolidated rev to rise in Q1 FY27, with growth in the high teens
** Co took calibrated price increases during the quarter to offset rising input costs, expects margins to progressively recover in FY27
** Goldman Sachs ("buy") says GOCP well positioned to beat FY27 guidance, as revenue growth tracking significantly ahead of original expectations
** Investec ("hold", PT 1130 rupees) says Q1 update materially better on growth vs its stated full-year guidance; sharp recovery in Indonesia is key positive
** GOCP rated "buy" on avg by 34 analysts; median PT is 1296 rupees - LSEG data
** Stock down 10% YTD
(Reporting by Abhirami G in Bengaluru)
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