Growth revival key to reversing declining trend in Godrej Consumer stock

Weak show in India business dents Q3, margin pressures may remain

Godrej Consumer Products (GCPL) had a soft December quarter performance on the back of sluggish India sales, ongoing weakness in the Indonesian business and margin pressures. The muted show added to the weakness in the stock of the fast moving consumer goods major falling nearly 16 per cent since its monthly high on February 3 before recovering a bit over the last three sessions. 

The muted volume performance in the India business which accounts for 55 per cent of revenues disappointed the Street. While the geography posted a revenue growth of 8 per cent, the same was largely due to