QUICK TAKE: MARGIN PRESSURE WEIGHS ON GODREJ CONSUMER

The stock of Godrej Consumer Products is down over 2.5 per cent after the company indicated a contraction in the operating profit margin in Q2, given a lag in price hikes. Indonesia, Saarc, and Latam markets, too, posted a muted performance in the quarter. Brokerages are, however, positive on the long-term prospects of the company