Godrej Consumer Shares Drop Amid Weak Outlook

Godrej Consumer Products saw its shares fall 10% following a disappointing Q3 business update. Challenges like high palm oil prices and unfavorable weather hurt soap and insecticide sales, key segments for the company. Efforts to mitigate costs, such as price hikes, have pressured inventory levels. Despite setbacks, other products are performing well, with double-digit growth expected. Internationally, the company shows steady progress in Indonesia and profitability in Africa. Analysts see these issues as temporary, maintaining long-term confidence in the stock.