Shares of Godrej Consumer slipped over 3 percent after the company's Q4 results missed Street expectations. It reported disappointing volume growth of 1 percent against a CNBC-TV18 poll of 5-6 percent growth.
The company reported a PAT of Rs 935 crore in March-quarter, as compared to PAT (Profit Before Tax) of Rs 617 crore in the same period last year. The Q4 profit included a tax write-back of Rs 533 crore. The company's total revenue fell 3.1 percent to Rs 2,452 crore versus Rs 2,531 crore year-ago.
The stock gained as much as 3.5 percent to day's low of Rs 627.60 per share on BSE. At 2:00 PM, the stock was trading at Rs 632, down 3.2 percent as compared to a 0.23 percent rise in BSE Sensex ar 39,073.
Other FMCG stocks also fell on expectations of poor earnings. Britannia, Colgate Palmolive, and HUL were down between 1.5-3 percent. The Nifty FMCG index also slipped over 1 percent in intra-day deals.