Motilal Oswal has recommended a buy rating on Godrej Consumer Products, in its report dated May 19, 2009. “Godrej Consumer Products net sales grew 26% YoY to Rs 3.4 billion (v/s our estimate of Rs 3.1 billion). Gross margin declined 850bp YoY to 49.1% (up 760bp QoQ). However, lower…
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