Godrej Consumer slips 8% post December quarter results

Shares of Godrej Consumer Products (GCPL) slipped 8 per cent to Rs 681 on the BSE as the company’s December 2019 quarter (Q3YF20) performance was in-line with the market’s expectations. The stock erased its entire gain recorded during January.

On consolidated basis, GCPL’s net sales grew 2.1 per cent year- on-year (YoY) to Rs 2,778 crore while its profit after tax (PAT) increased 7.7 per cent YoY to Rs 450 crore. Volume growth stood at 7 per cent on a favourable base (1 per cent in Q3FY19).

Consolidated earnings before interest, tax, depreciation and amortization (Ebitda) margin was