CMP: 2650

Glaxo SmithKline Consumer Healthcare Limited manufactures and sells malted milk food products. The Group's products, which include energy & protein products, cereals, baby foods, ghee & butter, are sold under the "Horlicks", "Boost", "Viva", "Brylcream", "Eno", "Maltova" and "Gopika" brand names.

Glaxo SmithKline Consumer Healthcare is a budding large cap, well on its way up the ladder to the top list of large caps. Its currently trading at a P/E of 32 which is well below its sector P/E with good dividend yields of close to 2% in the last 12 months. Minimal liability. Revenues have risen from 1111 Crores to 2373 Crores in the last 5 years. Profits have risen more from 127 Crores to 300 Crores backed by NPM growth. NPM has risen from over 11% to almost 13% over 5 years. Buy, accumulate on dips and hold for long term gains.