loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Godrej Consumer Products (GCPL) came out with strong pre-quarter update

ICICIdirect Research 06 Jul 2026 DISCLAIMER

News: Godrej Consumer Products (GCPL) came out with strong pre-quarter update with consolidated revenues growing by high teen and EBIDTA to grow in double digits (despite y-o-y deceleration in margins due to input cost pressure). Its standalone business delivered double digit revenue growth (driven by high single digit volume growth). Growth has been broad based across categories. International business also delivered strong performance with Indonesia and GUAM delivering double digit growth driven by double digit volume growth during the quarter. On the commodity front, input costs remained elevated through most of Q1FY27. However, the company was able to manage the input cost pressure through calibrated pricing actions, strong cost saving programmes and prudent media optimisation. Encouragingly cost pressures started easing off at fag-end of quarters, which will help the company to witness margin recovery in the subsequent quarters.

View: GCPL Q1FY27 pre-quarter update was strong with consistent improvement in the standalone business performance. Double digit growth in standalone business is better than ~9% growth in H2FY26 and ~5% growth in H1FY26. We expect volume growth to be at around 8-9%, which is in-line with last two quarters volume growth. Another highlighting point was GUAM delivering double digit revenue growth with high teens volume growth despite uncertainties in MENA region. Though the palm oil prices and crude prices gone-up significantly, the company delivering double digit EBIDTA growth indicates of strong cost management. GCPL is not under our active coverage.

Impact: Positive

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere