 "Godrej Consumer steps up focus on rural areas")
Despite Godrej Consumer Products (GCPL) delivering double-digit revenue growth in the September quarter (Q2) and its valuations remaining the lowest among peers, investors aren’t rushing to accumulate the stock.
The GCPL stock has risen marginally since its results were announced last week and flat over the last three months.
The reason the stock valuation has lagged is inconsistent performance across segments and geographies. Say analysts, led by Richard Liu of JM Financial, “The stock is quite cheap at 36 times its FY22 earnings per share estimates as compared to the sector average but we believe the volatility in its growth profile needs
