{"id":5378,"date":"2024-12-09T11:11:23","date_gmt":"2024-12-09T05:41:23","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5378"},"modified":"2024-12-09T11:11:24","modified_gmt":"2024-12-09T05:41:24","slug":"godrej-consumer-shares-drop-9-after-q3-growth-warning","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/godrej-consumer-shares-drop-9-after-q3-growth-warning\/","title":{"rendered":"Godrej Consumer Shares Drop 9% After Q3 Growth Warning"},"content":{"rendered":"\n

Shares of Godrej Consumer Products Limited tumbled over 9% on December 9 after the company gave a cautious outlook for the October-December quarter. The company expects mid-single-digit sales growth for Q3 and has flagged subdued economic demand conditions. It has also warned of a “temporary downward breach” in its operating margins for the quarter, along with flat Underlying Volume Growth for its standalone business.<\/p>\n\n\n\n

GCPL blamed the slowdown on weak FMCG market growth, delayed winter in North India and a cyclone in the South that impacted Home Insecticides- one of its key growth drivers. The rest of its portfolio is said to be performing well and double digit UVG is expected.<\/p>\n\n\n\n

The company also pointed out that a high base from the previous fiscal, driven by favorable commodity prices, may impact its year-on-year growth figures. Brokerages like JPMorgan believe the headwinds are transient in nature, and GCPL’s diversified portfolio would show promising growth on the back of a surge in demand.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at media@lakshmishree.com<\/a><\/p>\n\n\n\n

Source: Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Godrej Consumer Products Limited tumbled over 9% on December 9 after the company gave a cautious outlook for the October-December quarter. The company expects mid-single-digit sales growth for Q3 and has flagged subdued economic demand conditions. It has also warned of a “temporary downward breach” in its operating margins for the quarter, along […]<\/p>\n","protected":false},"author":1,"featured_media":5379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[783],"class_list":["post-5378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-godrej-consumer-q3"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5378"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5378\/revisions"}],"predecessor-version":[{"id":5380,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5378\/revisions\/5380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5379"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}