 "Godrej Consumer Products")
Godrej Consumer Products’ (GCPL’s) December quarter results, revealed on Monday, were largely in-line with the Street’s expectation. The consumer goods maker’s consolidated top line grew 10 per cent over the corresponding quarter in 2019 to Rs 3,055 crore, versus consensus estimate of Rs 3,051 crore. This marked a second successive quarter of double-digit sales growth — in line with earlier guidance — for the company. Growth in the top line would have been a percentage-point higher at 11 per cent, had it not been for cross-currency changes, according to the firm’s presentation.
Growth was primarily driven by a healthy double-digit increase
