GCPL Shares Dip 6% Post Q3 Results, Analysts Remain Bullish with High Targets

• Godrej Consumer Products Limited (GCPL) shares fell 6% despite Q3 results largely meeting expectations, with margins exceeding forecasts.
• Profit After Tax (PAT) was lower than anticipated at ₹498 crore due to an exceptional loss of ₹91 crore.
• Revenue reached ₹4,099 crore, slightly below estimates, while EBITDA was ₹880.4 crore, surpassing poll estimates.
• Domestic underlying volume growth was 9%, with Home Care revenue up 12% and Personal Care up 7% in India.
• Brokerages like Morgan Stanley, HSBC, and Jefferies maintain 'Buy' or 'Overweight' ratings with price targets up to ₹1,500, citing positive management commentary and growth prospects.

Why It Matters: Despite a Q3 profit dip due to an exceptional loss, analysts are bullish on GCPL's future growth.