{"id":8979,"date":"2016-04-23T13:19:13","date_gmt":"2016-04-23T07:49:13","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=8979"},"modified":"2016-04-23T13:20:41","modified_gmt":"2016-04-23T07:50:41","slug":"gsk-consumer-healthcare-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/gsk-consumer-healthcare-ltd\/8979","title":{"rendered":"GSK Consumer Healthcare Ltd"},"content":{"rendered":"<p style=\"text-align: justify;\">GlaxoSmithKline Consumer Healthcare (GSKCH) is an associate of\u00a0GlaxoSmithKline plc UK, which holds 72.46% stake in the company. It is\u00a0India\u2019s dominant player in health food drink (HFD) category with 67.3%\u00a0market share. While Horlicks leads the market, Boost is among the top\u00a0three health food drink brands.<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"text-decoration: underline;\">Valuation and view<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">GSKCH is better placed than peers given its strong pricing power,\u00a0leadership position and distribution reach in the core HFD portfolio. We expect\u00a0revenue and PAT to grow at a CAGR of 9.8% and 15.8% over FY15-FY18E.\u00a0Further, we rate the stock as \u2018BUY\u2019 assigning a forward P\/E of 31.5x arriving at a\u00a0target price of Rs. 6,788 which implies potential upside of ~12% for next 12\u00a0months.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2016\/04\/Research-Report-GSK-Consumer-Healthcare-Ltd.pdf\">Research Report GSK Consumer Healthcare Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GlaxoSmithKline Consumer Healthcare (GSKCH) is an associate of\u00a0GlaxoSmithKline plc UK, which holds 72.46% stake in the company. It is\u00a0India\u2019s dominant player in health food drink (HFD) category with 67.3%\u00a0market share. While Horlicks leads the market, Boost is among the top\u00a0three health food drink brands. Valuation and view GSKCH is better placed than peers given its [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GSK Consumer Healthcare Ltd<\/title>\n<meta name=\"description\" content=\"Find the latest research report on GSK Consumer Healthcare Ltd. On FundsIndia Marketplace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/gsk-consumer-healthcare-ltd\/8979\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSK Consumer Healthcare Ltd\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on GSK Consumer Healthcare Ltd. 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