NEW DELHI : Makers of fast-moving consumer goods (FMCG), Godrej Consumer Products Ltd (GCPL), and Marcio Ltd, have warned of a slump in business in the March quarter, as supply of essential products remained disrupted due to the nationwide lockdown.
In an update on its fourth quarter earnings, GCPL said that the company “will report around high teens revenue decline in the quarter" as demand in the market slumped due to disruption of both back end and front-end supply chain in the last twelve days of March. "We had witnessed steady demand in our categories till mid-March 2020.
However, with the adherence to social distancing norms and the eventual lockdown in many geographies of our operations resulted in virtually no sales in the later