Godrej Consumer share falls nearly 2% after Q1 business update

Godrej Consumer Products Limited (GCPL) shares opened higher on Tuesday (July 9) following the release of the company’s Q1 business report after market hours the previous day.

After rising as high as 1.5 per cent at first, shares of the personal care firm fell to Rs 1,414, down more than 0.8 percent. At the day’s low, the stock fell over 2% to Rs 1395.60, down from the previous closing price of Rs 1425.80.

The company’s domestic business had high single digit organic volume growth in the quarter that ended in June. The growth was broad-based across both Home Care and Personal Care. Extreme heat waves across the nation had caused a soft demand for household insecticides during the earlier parts of the quarter, the company stated in its filing.

As of 11:27 AM, Godrej Consumer shares were trading 1.69% lower at ₹1401.00.

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