Godrej Consumer's Q3 results aren't exciting enough for investors

Godrej Consumer’s Q3 results aren’t exciting enough for investors
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Godrej Consumer Products Ltd’s (GCPL) earnings for the December quarter are just about in line with Street estimates. Consolidated reported net profit stood at ₹502 crore, similar to what a Bloomberg poll had estimated.
The company’s total operating revenues increased by 10% year-on-year to ₹3,055 crore. This is also the second consecutive double-digit revenue growth for GCPL. Even so, its performance in Indonesia has been soft in Q3 and that’s a disappointment, said analysts. Revenues from Indonesia were flat y-o-y and declined by 2% in constant currency terms. The performance there was impacted by adverse macroeconomic factors; gradual recovery in air fresheners (discretionary category) and higher competitive intensity in wet wipes.

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