FMCGMarket hours
Godrej Consumer shares rise 6% on positive Q2 outlook
market hours1 source ↓written by the desknot a recommendation
- to ₹1
- 5.9%
- this year
- 7.5%
- gain
- 8.6%
- decline in net
- 6.5%
- to ₹3
- 4.3%
Shares of Godrej Consumer Products rose 5.9% to ₹1,184.8 after analysts upgraded ratings following its Q2 results. The stock is up 7.5% this year, outperforming the Nifty 50's 8.6% gain. Despite a 6.5% decline in net profit to ₹459.3 crore, net sales increased 4.3% to ₹3,825.1 crore, indicating resilience in demand.
Not investment advice. For informational purposes only.