Economic TimesLean R·
Godrej Consumer shares slide 4% after Q1 margin falls amid commodity inflation; Rs 5/share dividend declared
Godrej Consumer Products shares fell 4.3% after the FMCG major reported its June quarter results. Consolidated net profit rose 12% year-on-year to Rs 505 crore, while revenue from operations increased 18% to Rs 4,225 crore. Despite healthy growth, the stock declined as investors reacted to the quarterly performance.
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