Godrej Consumer shares hit 52-week low, sliding 5% on gloomy forecast
Shares of Godrej Consumer Products dropped 5% to reach a new 52-week low of ₹859.55. This decline follows comments from the management regarding short-term challenges, including input cost inflation, increased spending, and inventory adjustments within India. The firm intends to reduce its general trade inventory by ₹125-150 crore across the upcoming three quarters, a move that could weigh on profit margins.
by shortkt.com✓