New Delhi, Oct. 8 -- Shares of Godrej Consumer Products Ltd (GCPL), a leading FMCG player, came under selling pressure in Wednesday's trading session, October 8, slipping 3% to a six-month low of Rs.1,120 apiece after the company indicated that its second-quarter profitability is likely to decline due to a temporary slowdown in sales following GST rate cuts.

In its Q2 business update, the company said that the recent GST rate reductions have led to short-term disruptions across trade channels, as distributors and retailers focused on liquidating old inventories before restocking. This has delayed the flow of new orders and temporarily deferred consumer purchases, impacting both growth and margins.

Consequently, the company expects its s...