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Godrej Consumer Products released its Q2FY27 business update with consolidated revenue growth

ICICIdirect Research 06 Oct 2026 DISCLAIMER

News: Godrej Consumer Products (GCPL) released its Q2FY27 business update with consolidated revenue growth in the high teens driven by high single digit volume growth and double digit EBITDA growth despite high input cost inflation. Standalone revenue grew in teens driven by high single digit volume growth despite an estimated 100–150bps impact from trade inventory correction. Personal Care and Home Care delivered healthy growth. Indonesia reported high teens revenue growth with high single digit volume growth while GAUM delivered double digit revenue and volume growth. Input cost pressures intensified during the quarter led by inflation in crude-linked derivatives and palm oil. The company is addressing the pressure through calibrated pricing actions, cost savings and supply-chain efficiencies.

View: GCPL’s standalone revenue growth remained in teens in Q2FY27, compared with 11.6% in Q1FY27 and 3.7% in Q2FY26. Standalone volume growth has remained in the high single digit range, better than 3% in Q2FY26 and broadly in line with management’s high single digit volume growth guidance for FY27. Consistent standalone revenue growth and strong international performance coupled with strong volume growth keeps the company on track to deliver its FY27 guidance of double digit consolidated revenue and EBITDA growth. Key monitorable remains crude oil and other input costs, with inflation keeping margins under pressure.

Impact: Neutral

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