InvestorQ : Why are Godrej Consumer prices up despite weak results?
Neelam Naik made post

Why are Godrej Consumer prices up despite weak results?

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Priyanka N answered.
8 months ago
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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.

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