Shares of Godrej Consumer Products plunged over 5 percent on Monday post its second quarter results, which were below some analysts expectations. Margin contraction in particular was a key concern, and analysts say given the stock is already trading at high valuations, there is limited room for earnings disappointment.
A Mahendran, MD, Godrej Consumer Products, says that in the FMCG space there are impulse categories and the slowdown will have a bearing in the coming second quarter due to poor monsoons.