Highlights
- Higher-than-expected revenue decline in India operations
- International business likely to report decline of around mid single digit
- Steady demand across all categories till mid-March 2020
- Valuations look fair after a sharp rebound
Godrej Consumer Products Ltd’s (CMP: Rs 557, Market cap: Rs 60,854 crore) business update for Q4 FY20 was disappointing as the lockdown led to virtually no sales in the latter part of March. This more than offset the revenue growth seen across categories earlier
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