India's Godrej Consumer Products falls after missing Q3 profit view

Godrej Consumer Products

27/01/2025 04:23

** Shares of Godrej Consumer Products  GOCP.NS  fall 2.6% to
1,101 rupees after co's Q3 report
    ** Co's Q3 profit of 4.98 bln rupees ($57.66 million) below
analysts' estimate of 5.39 bln 
    ** Despite 3% rev growth, underlying volumes flat y/y on
prolonged slowdown in urban demand and price hikes
    ** With session's loss, stock extends 12-month decline to
~4% vs 1.72% gain in the Nifty consumer goods index  .NIFTYFMCG 
    ** GOCP rated 'buy' on avg by 32 analysts; median PT at 1385
rupees - as per data compiled by LSEG
    
    


($1 = 86.3740 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))