Godrej Consumer Products (GCPL) had a soft December quarter (Q3) performance on the back of sluggish India sales, ongoing weakness in the Indonesian business and margin pressures. The stock of the fast moving consumer goods major was down 2.2 per cent in trading on Wednesday extending its losses in the last four trading sessions to about 7 per cent.
The muted volume performance in the India business, which accounts for 55 per cent of revenues, disappointed the Street.
Complete News Source : Business Standard
