Godrej Consumer shares rally 6% as Goldman Sachs raises target after Q2 show. Should you invest?
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Godrej Consumer Products shares surged 6% to their intraday high of Rs 1,185.95 on the BSE on Monday, November 3, after its Q2 results. The confidence seemed to be boosted by Goldman Sachs’ target price rise of Rs 1,425 for the stock, even as the company reported a consolidated net profit of Rs 459.3 crore for the second quarter of FY26, marking a 6.5% decline from Rs 491.3 crore in the same period last year. Revenue for the quarter grew 4.3% year-on-year to Rs 3,825 crore, while EBITDA slipped 3.5% to Rs 733.6 crore. The operating margin came in at 19.2%, down from 20.7% a year earlier. The company’s India operations delivered steady growth, with sales rising 4% and volumes increasing 3%, led by strong double-digit expansion in non-soap categories. CEO Sudhir Sitapati described the recent GST rate cut as a “positive long-term move,” though he acknowledged that it temporarily disrupted trade channels, particularly in soaps and hair colour...