Macquarie retains Outperform on GCPL, Delhivery and Amber; sees 23%-25% 12-month TSR

Macquarie retained Outperform ratings on Indian consumer and retail-adjacent companies including Godrej Consumer, Delhivery and Amber. It flagged Godrej Consumer’s CEO transition, Delhivery’s e-commerce logistics scale and Amber’s consumer-durables-to-electronics-manufacturing expansion as key execution catalysts.

Newer report , 22 d ago , Financial Express : BofA sees 41.4% implied upside in Godrej Consumer; flags Titan, Blinkit and Tata Consumer