Godrej Consumer shares fall 11% as Q3 business update leads to target price cuts
Godrej Consumer Products Share Price: Godrej Consumer shares dropped by up to 11% to Rs 1,104.20 on BSE following a weak Q3 business outlook, prompting brokerages to lower their target prices. The company highlighted a 20-30% year-on-year rise in palm oil and derivatives prices, which has affected its soaps category, contributing one-third of its standalone revenue.