Macquarie retains Outperform on GCPL, Delhivery and Amber; sees 23%-25% 12-month TSR
Macquarie’s FY27 execution outlook highlights Godrej Consumer’s leadership transition, Delhivery’s e-commerce logistics scale and Amber’s expansion from consumer durables into electronics manufacturing. Its target prices imply 12-month total shareholder returns of 25.4%, 23.1% and 23.2%, respectively.
What happened
Godrej Consumer Products · Macquarie retained Outperform ratings on Indian consumer and retail-adjacent companies including Godrej Consumer, Delhivery and
Key facts
- Godrej Consumer Products target price: Rs 1,150; 12-month TSR: 25.4%
- Delhivery target price: Rs 580; 12-month TSR: 23.1%
- Amber Enterprises target price: Rs 8,900; 12-month TSR: 23.2%
- Petronet LNG target price: Rs 320; 12-month TSR: 18.1%
- Power Grid target price: Rs 400; 12-month TSR: about 51%
- Delhivery adjusted EBITDA margin target: 5% to 10%
- Power Grid projects approved cost: around Rs 33,500 crore
Why this matters
The brokerage’s thesis highlights strategic value in GCPL’s consumer leadership, Delhivery’s e-commerce logistics scale and Amber’s move beyond durables into electronics manufacturing.