Godrej Consumer's stock has been trading with a corrective bias for the last three weeks
FMCG players had started to re-establish their supply chains in May and gradually ramped up as markets reopened, which had created some momentum
Revenue for the period fell nearly 14 per cent to Rs 2,153 crore.
We are trying to be as agile as possible and are adapting to the evolving situation, says Vivek Gambhir
In India, demand continued to be challenging, impacted by a general consumption slowdown, Godrej Consumer said
The brokerage expects a likely expansion in the company's operating margin of its international business.
GCPL said its international business clocked net sales of Rs 1,144 crore, up 4 per cent
Investors should wait for good earnings trend despite attractive valuations
Sources said the brand from the Godrej stable currently has a miniscule market share and the space is dominated by Loreal which has a near 70% market share in the salon space
Company had reported a net profit of Rs 116.72 crore in April-June period a year ago, GCPL said in a BSE filing