Want to play consumption theme in 2025? How analysts view Marico, Emami, Pidilite stocks now
Even though the brokerage said stocks within its coverage will likely report slowdown in volume growth as well as decline in gross margins, it is still bullish on some of the counters.
Foreign brokerage Goldman Sachs anticipates most of the companies under its coverage within the consumption space to witness a slowdown in volume growth together with a decline in gross margins. Leading FMCG players including Tata Consumer Products (TCPL), Godrej Consumer Products (GCPL), HUL and Britannia are anticipated to see an impact on gross margins amid a spike in the prices of palm oil, coffee and tea. Nonetheless, the brokerage expects stocks like Marico, Pidilite and United Spirits to stage resilient performances.
Here is what the brokerage makes of the different stocks ahead of the Q3 earnings from the consumption pack:
Goldman Sachs on Britannia: Neutral with a target of Rs 5,120
The brokerage maintains a 'neutral' stance with the target reduced to Rs 5,120 from the Rs 5,250 pegged earlier, implying possible gains of nearly 7 per cent from the last closing price.
Goldman Sachs on Nestle: Neutral with a target of Rs 2,250
The brokerage while maintaining a 'neutral' call on the stock reduced target to Rs 2,250 from Rs 2,350 earlier. The new revised target implies just nearly 4 per cent gains.
Goldman Sachs on TCPL: Neutral with a target of Rs 1,040
Goldman Sachs maintains its 'neutral' stance on the Tata group's FMCG company Tata Consumer Products Limited. The brokerage has also marginally slashed the target price to now Rs 1,040. The new revised target signifies a potential gain of over 13 per cent.
Goldman Sachs on Marico: Buy with a target of Rs 710
Goldman Sachs is bullish on the Parachute oil company and has slashed the target to Rs 710 from the earlier Rs 720. The stock from the last close can mean a probable upside of over 10 per cent.
Goldman Sachs on Pidilite: Buy with a target of Rs 3560
The brokerage reiterated its buy with the target increased to Rs 3,560, implying potential gains of over 24 per cent.
Goldman Sachs on Emami: Buy with a target of Rs 815
The global brokerage likes Emami and has continued with its 'buy' call with the target slashed to Rs 815 from the earlier Rs 865. The new revised target implies gains of over 34 per cent from the scrip.
Goldman Sachs on Pidilite: Sell target at Rs 2,750
Goldman Sachs on Colgate Palmolive has reiterated its 'sell' rating with a target of Rs 2,750