Godrej Consumer Products experienced a five percent dip in its shares during early trade on January 8, following the FMCG giant’s announcement of an anticipated low-single-digit sales decline in rupee terms at a consolidated level for the quarter ended December 31.
Despite a challenging domestic operating environment with subdued rural demand, Godrej remains optimistic about achieving steady underlying volume growth in the mid-single digits. The company noted that growth was well-distributed across both Home Care and Personal Care segments, with the Park Avenue and KamaSutra brands maintaining strong performance and progressing toward meeting their full-year targets.
During the initial 5 minutes of market opening, Godrej Consumer Products stock was observed trading at Rs 1,166.70, reflecting a 4.36 percent decrease compared to the closing price of the previous session.
