Why are Godrej Consumer prices up despite weak results?

It was prima facie surprising that Godrej Consumer Products was up over 4% despite weak quarterly results. GCPL actually saw business volumes decline by 15%. What was encouraging was the management commentary in the earnings call. GCPL domestic volumes were disappointing because Nestle clocked 11% volume growth while HUL clocked 7% volume decline. The bounce appears to be more because the stock had already corrected sharply and the markets had factored in a weaker performance from GCPL.