India's Godrej Consumer set for worst day in over a year on JM Financial downgrade

Godrej Consumer Products

27/01/2026 06:38

** India's Godrej Consumer Products GOCP.NS tumbles 6% to 1161 rupees, its worst session since December 2024

** Co posted marginally lower Q3 profit yoy; rev from sales rose 9% yoy

** Brokerage JM Financial downgrades GOCP to "Add" rating from "Buy" earlier, PT at 1355 rupees

** Says postives priced in for co after recent run-up in stock price

** Over FY27E, India volume could inch up on normalisation of Soaps sales; worst is behind for the Indonesia business and gradual sales recovery should follow - JM Financial

** Early signs of stabilization in Indonesia business are visible and co expects the operating conditions to
 improve from FY27- Jefferies

** GOCP rated "buy" on avg by 33 analysts covering it; median PT at 1363 rupees- data compiled by LSEG

** In 2025, GOCP gained 13%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))