Godrej Consumer shares snap 3-day gain; fall 4.5% post Q1
Post Q1, most brokerages retained ‘Buy’ calls on Godrej Consumer Products, giving the target price in the range of ₹1,580-1,715 per share.
Post Q1, most brokerages retained ‘Buy’ calls on Godrej Consumer Products, giving the target price in the range of ₹1,580-1,715 per share.
GCPL also declared an interim dividend of ₹5 per share of Re 1 face value for this financial year, with the record date set at August 16.
Godrej Group patriarch weighs intangible values of the group higher than tangible assets such as land.
Vivek Gambhir, MD and CEO of Godrej Consumer Products, says despite a short-term spike in demand, the sector isn’t immune to a broader slowdown.
With consumers resorting to panic buying, FMCG companies will likely see an uptick in volume in March, but retail shelves have started emptying out in many areas.