JM Financial picks Marico, Honasa, GCPL, VBL as Q4FY26 staples favourites; lone Reduce on Nestle
Brokerage calls Q4FY26 staples stable with 3-7% price hikes; Buys six names including Bikaji (TP Rs 755), Britannia (Rs 6,355), GCPL (Rs 1,225), Marico (Rs 930), VBL (Rs 600). Adds HUL (Rs 2,435), ITC (Rs 325), Dabur, TCPL, Colgate. Nestle a Reduce on stretched 52x NTM PE.
JM Financial's Q4FY26 consumer staples update calls the quarter stable, prefers Marico, Honasa, GCPL and VBL; issues Buy on six FMCG names, Add on HUL/ITC/Dabur/TCPL/Colgate, and a lone Reduce on Nestle India.