Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Hold GlaxoSmithKline Consumer Healthcare target of Rs 7931: Sharekhan

Sharekhan recommended hold rating on GlaxoSmithKline Consumer Healthcare with a target price of Rs 7931 in its research report dated August 05, 2019.

August 07, 2019 / 05:26 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on GlaxoSmithKline Consumer Healthcare

In Q1FY2020, GlaxoSmithKline Consumer Healthcare (GSK Consumer) recorded a steady operating performance with volume growth of 5.4% (revenue growth of 8% y-o-y) and OPM expanding by 268BPS to 23.5%. The flagship brand, Horlicks maintained its leadership position with 44% market share in the HFD category. Volume growth is likely to sustain at 5%; gross margins to come under pressure in H2 due to spike in input prices.

Outlook

We have broadly maintained our estimates for FY2020 and FY2021; Maintain Hold with an unchanged PT of Rs. 7931.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 7, 2019 05:26 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347