The recent GST rate cut , along with a good monsoon, has brought FMCG sector stocks in focus as demand may rise this fiscal. Nuvama Institutional Equities has raised the target price to Rs 307 from Rs 291 on Bajaj Consumer Care , a hike of 5.5%. The new target price implies an upside of 28.5% from the current market price. The brokerage maintained its Buy call on the stock.

The analysts of the brokerage firm met Naveen Pandey, MD of Bajaj Consumer Care. He highlighted that the focus is on double-digit revenue growth and mid-to-high single-digit volume growth for the ADHO (Almond Drops Hair Oil) portfolio over the next five years.

Nuvama on Bajaj Consumer Care: Aiming to bring EBITDA margins to industry level

The company’s target is to push EBITDA margins into the early twenties

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