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Godrej Consumer Products Results: Latest Quarterly Results & Analysis

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Godrej Consumer Products Ltd. 31 Oct 2025 17:40 PM
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Q2FY26 Quarterly Result Announced for Godrej Consumer Products Ltd.

Personal Products company Godrej Consumer Products announced Q2FY26 results

  • Q2FY26 consolidated sales grew by 4% in Rs and 4% in constant currency terms YoY on the back of underlying volume growth of 3%.
    • Standalone business underlying volume grew by 3%, sales grew by 4% YoY.
    • Indonesia underlying volume growth grew by low mid-single-digit, sales de-grew by 7% in constant currency and Rs terms, YoY.
    • Africa, USA, and Middle East organic sales grew 25% in Rs and 15% in constant currency terms, YoY.
    • Latin America and Others de-grew sales by 9% in Rs and grew by 5% in constant currency terms, YoY.
  • Q2FY26 consolidated EBITDA margins stood at 19.3%.
  • Q2FY26 consolidated net profit de-grew by 2% YoY (without exceptional items and one-offs) due to temporary headwinds.

Sudhir Sitapati, Managing Director, and CEO, GCPL, said: "Q2FY26 has been a resilient quarter for Godrej Consumer Products Limited (GCPL), especially given the backdrop of the GST transition in India and continued macroeconomic challenges in Indonesia. Despite these headwinds, our India business, excluding soaps, has delivered double-digit underlying volume growth, reflecting the strength of our core portfolio and execution.

Our international portfolio faced macro and competitive pressures in Indonesia, which were offset by robust performance in Africa. On a consolidated basis, our revenues grew 4% in Rs terms, supported by 3% underlying volume growth. Our EBITDA margin stood at 19.3%, and net profit before exception declined by 2%

In India, sales grew by 4% and volumes by 3%. The recent GST rate reduction is a welcome structural reform that will strengthen long-term consumer demand. However, this transition led to short-term trade disruptions as the channel adjusted to new pricing and cleared old inventory, particularly impacting Soaps and Hair colour. Despite this, we continue to gain market share in Soaps and other key categories.

In Home Care, we delivered 6% growth, led by strong performance in Air Fresheners and Fabric Care. Personal Care declined by 2%, largely reflecting the GST-related impact on soaps. As guided earlier, this was the last weak quarter for margins, and we expect a return to normative levels in the second half of FY26 for India.

Across our portfolio, our new launches are performing well and gaining traction. Godrej Fab and Goodknight Agarbatti are now among the leading players in their categories and continue to strengthen their market positions. Aer Plug, Amazon Woods 4X, and KS 99 have all met or exceeded launch expectations and are now being scaled up.

In October, we also entered the Toilet Cleaner category — a close to Rs 3,000 crore segment growing at strong double digits. Our new brand, Godrej Spic, has been launched in select South Indian states, priced competitively at Rs 79 for 500 ml, marking an important step in expanding our Home Care portfolio.

Our Indonesia business continues to face macro and pricing pressures, but delivered a stable UVG of 2%, with market share gains across all key categories. Revenue growth remained negative due to ongoing pricing challenges at -7%. In contrast, Africa, USA, and Middle East (GAUM) delivered 25% sales growth in Rs terms and 15% in constant currency and EBITDA growth of 20%, led by Hair Fashion and Air Fresheners. The launch of Aer Pocket has seen strong consumer response across these markets.

As shared during our Investor Meet, we expect our performance to strengthen sequentially through FY26, with the second half delivering a stronger trajectory than the first. Demand trends are improving, and we remain confident of achieving high single-digit underlying volume growth (UVG) in our Standalone business and high single-digit revenue growth at a consolidated level. On profitability, our India (Standalone) and GAUM businesses are expected to deliver double-digit EBITDA growth. We faced unanticipated macroeconomic headwinds in both Indonesia and Latin America. Given the temporary pressures in these international markets, consolidated EBITDA growth may be marginally lower. Nevertheless, we remain firmly confident in our strategy, the resilience of our portfolio, and the strength of our brands. With disciplined execution and continued focus on innovation and operational excellence, we are well positioned to deliver sustainable and profitable growth in the periods ahead."

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Personal Products company Godrej Consumer Products announced Q1FY26 results

  • Q1FY26 consolidated sales grew by 10% in Rs and 11% in constant currency terms YoY on the back of underlying volume growth of 8%,
    • Standalone business underlying volume grew by 5%, sales grew by 8% YoY.
    • Indonesia underlying volume growth remained flat, sales de-grew by 4% in constant currency and Rs terms, YoY.
    • Africa, USA, and Middle East organic sales grew 30% in Rs and 29% in constant currency terms, YoY.
    • Latin America and Others grew sales by 18% in Rs and 29% in constant currency terms, YoY.
  • Q1FY26 consolidated EBITDA margins stood at 19.2%.
  • Q1FY26 consolidated net profit remained flat YoY (without exceptional items and one-offs) due to temporary headwinds.

Sudhir Sitapati, Managing Director, & CEO, GCPL, said: "Q1FY26 has been a good quarter for GCPL. In particular, our Standalone, excluding soaps, business has had an excellent performance, delivering an underlying volume growth around teens, led by robust broad-based performance. Our international business has been impacted due to macro headwinds and competitive pricing pressures in Indonesia which was compensated by strong performance in Africa. On a consolidated basis, our Revenues grew 10% in Rs terms, with 8% underlying volume growth and -3% on EBITDA.

India has had a good quarter, delivering revenue growth of 8%. Our volume growth was 5% and EBITDA growth was -6%. However, excluding soaps, we grew underlying volumes by teens with soaps volume growth impacted by volume-price rebalancing. We had a robust performance in Household Insecticides which grew volumes in high single digit, led by Electrics growing in double digits. We have gained market share in Electrics on the back of product relaunches and are very happy with the outcome of our actions. Air Fresheners, Laundry Liquids, etc. have continued to deliver strong underlying volume growth. Furthermore, as guided during our annual Investor Meet 2025, we are on track to deliver ~200 bps of savings in Media investments, without compromising on our reach. These savings are a result of better planning, automation and negotiations with a new agency.

Our Indonesia business has been impacted by macro headwinds and competitive pricing pressures. However, we expect this to be transitory in nature with the situation likely to improve in a few months. Our Africa business continued its solid performance with sales growing at 30% and EBITDA growing at 15%. We successfully launched Aer Pocket across all markets in Africa and are seeing an incredibly positive consumer response. Latin America continues to do extremely well with high single-digit underlying volume growth and EBITDA margins now in double digit.

As guided during our Investor Meet, we expect performance to improve sequentially in FY26 with the second half performance expected to be better than the first half. Standalone EBITDA margin in H1FY26 is likely to be below our normative range but is expected to improve in the second half. While palm oil prices started moderating towards the end of June, benefits of this moderation will only be realized in H2FY26. We believe that we are on track to deliver mid-high-single digit UVG for our Standalone business, high-single digit Consolidated Rs revenue growth and double-digit Consolidated EBITDA growth for the full year.

We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development. We remain committed to our purpose of bringing the goodness of health and beauty to consumers in emerging markets."

Result PDF

Personal Products company Godrej Consumer Products announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Q4FY25 Consolidated organic sales grew by 7% in Rs terms YoY on the back of underlying volume growth of 6%.
    • Standalone business underlying volume grew by 4%, sales grew by 8% YoY.
    • Indonesia underlying volume grew by 5%, sales grew by 1% in Rs terms and 1% in constant currency terms, YoY.
    • Africa, USA, and Middle East organic sales grew 12% in constant currency terms and 23% in Rs terms, YoY.
    • Latin America and Others sales grew in constant currency terms, by 2%, but declined by 11% in Rs terms, YoY.
  • Q4FY25 Consolidated EBITDA grew by 1% YoY.

FY25 Financial Highlights:

  • FY25 Consolidated organic underlying volume grew at 4%, sales grew by 4% in Rs terms impacted by devaluation, constant currency growth of 8% YoY.
    • Standalone business underlying volume grew by 5%, sales grew by 7% YoY.
    • Indonesia underlying volume grew by 6%, sales grew by 5% in Rs terms and 8% in constant currency terms, YoY.
    • Africa, USA, and Middle East organic sales grew by 1% in constant currency terms but declined by 7% in Rs terms, YoY on the back of planned trade down stocking actions.
    • Latin America and Others sales grew in constant currency terms, by 46%, and by 28% in Rs terms, YoY.
  • FY25 Consolidated EBITDA grew by 2% YoY.

Sudhir Sitapati, Managing Director, CEO, GCPL, said: We delivered a sequentially improving performance in Q4FY25, despite market conditions remaining the same. Our Consolidated organic volumes for Q4FY25 grew by 6%, led by the India business growing volumes at 4% and Indonesia growing volumes at 5%. This led to full-year organic volume growth delivery at 4% for our consolidated business, 5% for India and 6% for Indonesia. Our Consolidated organic revenue growth for Q4 and FY25 stood at 7% and 4% respectively.

Demand conditions in India have continued to be impacted by headwinds in urban consumption. Surge in palm oil prices by more than 50% is negatively impacting our EBITDA margin. Our reported Standalone EBITDA margin at 22.6% is lower than our normative margin. However, buoyed by a good season, we had a blockbuster performance in Household Insecticides which grew volumes in strong double digit. Our categories of Air Fresheners, Laundry Liquids, etc. have continued to deliver strong underlying volume growth. This helped deliver 4% volume growth on top of a 4% pricing growth led largely by soaps. The volume growth on the non-soaps’ portfolio was high single digit with soaps volume growth impacted by volume-price rebalancing.

In Indonesia, we continue to consistently deliver healthy performance with 5% volume growth and EBITDA margin expansion. In organic terms, Africa, USA and the Middle East sales grew by a strong 23% in Rs terms and delivered 17% EBITDA margin resulting in the fifth consecutive quarter of profit and margin expansion.

We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

We remain committed to our purpose of bringing the goodness of health and beauty to consumers in emerging markets.

Result PDF

Personal Products company Godrej Consumer Products announced Q3FY25 results

  • Q3FY25 consolidated organic sales grew by 6% YoY. Segment wise results are as under:
    • Standalone business sales grew by 4% and volumes were flat YoY.
    • Indonesia volumes grew by 6% and sales grew by 9% in Rs terms, YoY.
    • Africa, USA and Middle East (organic) sales declined by 8% in Rs terms and grew by 1% in constant currency terms, YoY.
    • Latin America and Others sales grew by 165% in Rs terms and 28% in constant currency terms, YoY.
  • Q3FY25 consolidated EBITDA margin at 20.2%.
  • Q3FY25 consolidated net profit declined by 14% YoY (without exceptional items and one-offs) due to temporary headwinds.

Sudhir Sitapati, Managing Director and CEO, GCPL, said: Demand conditions in India have witnessed temporary headwinds over the past few months, led by a slowdown in urban consumption. Surge in palm oil prices by more than 40% along with weak seasonality in Household Insecticides has led to a flat underlying volume growth and midsingle digit underlying sales growth for our Standalone business. The surge in palm oil costs is negatively impacting our EBITDA margin. Our reported Standalone EBITDA margin at 22.6% is lower than our normative margin. Our categories of Air Fresheners, Laundry Liquids, etc. have continued to deliver strong double-digit underlying volume growth. In Household Insecticides, Goodknight Agarbatti has outperformed and gained significant market share in the Incense Sticks category. Premium formats in Household Insecticides were impacted due to Urban slowdown and category seasonality, however we have started to gain market share within premium formats, which suggests that the RNF molecule is working amongst consumers.

In Indonesia, we continue to consistently deliver healthy performance with 6% volume growth and EBITDA margin expansion. In organic terms, Africa, USA and the Middle East sales grew by 1% in constant currency terms and declined by 8% in Rs terms and delivered ~15% EBITDA margin for the fourth consecutive quarter. This translated into Consolidated organic sales growth of 6%.

We remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

Result PDF

Personal Products company Godrej Consumer Products announced Q2FY25 results

  • Segment-wise results are as under:
    • Standalone business sales and volume grew by 7% YoY.
    • Indonesia volumes grew by 7% and sales grew by 11% in constant currency terms, YoY.
    • Africa, USA and Middle East (organic) sales declined by 10% in Rs terms and was flat in constant currency terms, YoY.
    • Latin America and others sales grew by 36% in INR terms, YoY.
  • Q2FY25 consolidated EBITDA grew by 8% YoY.
  • Q2FY25 consolidated net profit grew by 12% YoY (without exceptionals and oneoff items).

Sudhir Sitapati, Managing Director and CEO, GCPL, said: GCPL has had a steady quarter given the headwinds of oil costs and tough consumer demand in India. Our Standalone business grew by 7% in both volume and value and flat reported EBITDA. Our standalone EBITDA margin at 24.3% is at the lower end of our targeted band and is caused entirely by high inflation on palm oil. The already high prices were further exacerbated by the import duty on oil. We think this is a short-term hit and we will recover the margins through judicious price increase and stabilising of costs.

Indonesia continued its steady performance with 7% volume, 9% revenue and 17% EBITDA growth.

GAUM continued to have a weak topline quarter but an exceptional bottom-line quarter. While organic volumes declined by 8% and value declined by 10%, reported EBITDA grew by 33%. Our margins are now 14.4%

While the overall quarter was 5% organic UVG, 5% organic USG and 8% reported EBITDA, the topline performance in Asia and the bottom-line performance in our international businesses have been encouraging. High-single digit volume growth during a period of low soap volume growth is testimony to the increasing strength of the rest of our portfolio. Particularly noteworthy are the continued growth of Air Care and the rapid scale up of Laundry, Incense Sticks and Sexual Wellness. Our relaunch of Household Insecticides with the RNF molecule is showing clear green shoots in incense sticks and coils which were launched a few quarters earlier. Our focus is on continuing and improving our volume growth story while the palm oil price volatility plays out over the next few quarters.

Result PDF

Personal Products company Godrej Consumer Products announced Q1FY25 results:

  • India business organic volume grew by 8% and reported volume grew by 10%; reported sales grew by 9% YoY
  • Indonesia volumes grew by 7% and sales grew by 11% in constant currency terms, YoY
  • Africa, USA and Middle East (organic) sales declined 25% in INR terms and 10% in constant currency terms, YoY
  • Latin America and SAARC sales grew by 7% in INR terms and grew by 147% in constant currency terms, YoY
  • Q1FY25 consolidated EBITDA grew by 13% YoY
  • Q1FY25 consolidated net profit grew by 14% YoY (without exceptional items and one-offs)

Commenting on the business performance of Q1FY25, Sudhir Sitapati, Managing Director and CEO, GCPL, said: We started the year with a healthy volume growth in our key geographies of India and Indonesia. In India, we delivered an organic volume growth of 8% and reported volume growth of 10%. The performance was broad-based across Home Care and Personal Care. In Indonesia, we continue to deliver robust performance with 7% volume growth. In organic terms, Africa, USA and the Middle East sales declined by 10% in constant currency terms while 25% in Rs terms due to depreciating Naira, however, offtakes continue to remain strong. This translated in organic consolidated revenue to decline by 1% while in constant currency terms sales was up by 11%.

Our quality of profits has been improving consistently over the last few quarters with reported Consolidated gross margin improving by 230 bps YoY. Our EBITDA Margin, too, improved by 310 bps YoY.

We remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

Today, we are announcing the formation of Godrej Pet Care (GPC), a subsidiary of GCPL. Pet foods is already a ?5,000 crore category with many decades of late teens growth ahead. To give a perspective, only ~10% of Indians own a pet of which only 10% feed packaged food and that too only 40% of the time. Calorie conversion in India is only 4%. China, which was remarkably similar to India 15 years ago, has 20% pet ownership with a calorie conversion of 25%.

While the opportunity is clear, we believe that our right to win as a group is high. GAVL, our group company, is the market leader in animal feed and has a good understanding of pet foods R&D, with competitive advantages in supply chain. GCPL will invest the entire capital of ?500 crore in GPC over a period of 5 years, post which we see GPC becoming cash flow positive. GAVL will be our manufacturing and R&D partner. Lead times to set up capex are long, and we hope to commence manufacturing in the second half of next year.

Result PDF

Personal products company Godrej Consumer Products announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Q4FY24 Consolidated volume grew at 12%, sales grew by 6% in Rs terms impacted by devaluation, constant currency growth of 30% YoY
  • India business volume grew by 15%, sales grew by 12% YoY
  • Indonesia volume grew by 12%, sales grew by 15% in Rs terms and 17% in constant currency terms, YoY
  • Africa, USA, and Middle East sales grew by 16% in constant currency terms but declined by 23% in Rs terms, YoY
  • Latin America and SAARC sales grew in constant currency and Rs terms, by 41%, YoY
  • Q4FY24 Consolidated EBITDA grew by 18% YoY

FY24 Financial Highlights:

  • FY24 Consolidated volume grew at 10%, sales grew by 6% in Rs terms impacted by devaluation, constant currency growth of 21% YoY
  • India business volume grew by 13%, sales grew by 10% YoY
  • Indonesia volume grew by 11%, sales grew by 14% in Rs terms and 13% in constant currency terms, YoY
  • Africa, USA, and Middle East sales grew by 16% in constant currency terms but declined by 7% in Rs terms, YoY
  • Latin America and SAARC sales grew in constant currency and Rs terms, by 5%, YoY
  • FY24 Consolidated EBITDA grew by 21% YoY

Commenting on the business performance, Sudhir Sitapati, Managing Director, and CEO, GCPL, said: "We delivered a strong performance for all four quarters in FY 2024, despite challenging conditions across markets. Our Consolidated organic volumes for Q4FY24 grew by 9%, led by the India business growing volumes at 7% and Indonesia growing volumes at 12%. This led to strong full-year organic volume growth delivery at 7% for our consolidated business, 6% for India, and 11% for Indonesia. Our Consolidated reported revenue growth for Q4 and FY 2024 both stood at 6%.

Our quality of profit was good, on the back of superior growth in higher margin countries and categories. Our reported Consolidated gross margin in Q4 improved sharply by 340 bps year-on-year. Our EBITDA margin, too, improved by 225 bps year-on-year post step up in media investments, which increased by 50% year-on-year. This resulted in an annual growth in EBITDA* of 21%.

We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We are launching new products in accordance with our purpose to bring the goodness of health and beauty to consumers. (1) Cinthol Foam Bodywash, has been launched in select markets in India in April at Rs 120. This product targets the fast-growing Bodywash segment that is currently ~Rs 700 crore and growing at more than 20% per annum. (2) Stella Electric Diffuser, which will be launched in Indonesia at IDR 35,000, is aimed at rapidly expanding the penetration of the Air Freshener category. This is the first of its kind product in Indonesia.

We continue to improve the strength of our balance sheet. We have completed the re- organization in our East-Africa business. We are happy to report that there will be a positive impact on PAT of ~Rs 50 crore per annum despite the negative impact on revenue of ~Rs 470 crore per annum. We have taken an exceptional accounting charge of ~Rs 72,378 crore in our consolidated P&L statement. The impact of this charge is cash positive.

We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

Based on the recommendation of the Nomination & Remuneration Committee, the Board has appointed Mr. Aditya Sehgal (DIN: 09693332) as the Non-Executive Independent Director of the Company for a period of five years with effect from July 15, 2024, subject to the approval of the shareholders in the ensuing Annual General Meeting. A short profile is attached herewith.

We remain committed to our purpose of bringing the goodness of health and beauty to consumers in emeraina markets.

Result PDF

Personal Products company Godrej Consumer Products announced Q3FY24 results:

  • Sales grew by 9% to Rs 2,160 crore; volume grew by 12%
  • EBITDA grew by 18% to Rs 641 crore
  • Consolidated volume grew at 8%, sales grew by 2% in INR terms impacted by devaluation, constant currency growth of 19% year-on-year
    • India business volume grew by 12%, sales grew by 9% year-on-year
    • Indonesia volume grew by 9%, sales grew by 8% in INR terms and 7% in constant currency terms, year-on-year
    • Africa, USA, and Middle East sales declined by 8% in INR terms and grew by 14% in constant currency terms, year-on-year
    • Latin America and SAARC sales declined by 45% in INR terms and grew by 181% in constant currency terms, year-on-year

Commenting on the business performance of Q3FY24, Sudhir Sitapati, Managing Director, and CEO, GCPL, said: We continue to deliver steady performance in Q3FY24 despite challenging market conditions. Our Consolidated volumes grew by 8%, led by the India business growing volumes at 12% and Indonesia growing volumes at 9%. Our Consolidated revenue growth was significantly impacted by the devaluation of the Naira and the Argentine Peso with sales growing at 2% in INR terms and 19% in constant currency terms.

Our quality of profit continues to improve consistently on the back of superior growth in higher-margin countries and categories. Our reported Consolidated gross margin improved sharply by 470 bps year-on-year and 100 bps quarter-on-quarter. Our EBITDA margin, too, improved by 280 bps year-on-year despite continued media investments, which increased by 32% year-on-year.

We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We have launched two new products in the Indian market. (1) Godrej Fab Liquid Detergent, at a category-defining price of 99 per litre. (2) We have entered the ~ Rs 1,200 crore market of the Anti-Mosquito Incense Sticks segment that is dominated by illegal players. Goodknight Agarbatti is India's only government-registered active-based anti-mosquito Agarbatti with our new and exclusive molecule RNF (~2x more effective than other molecules used in India).

We continue to have a strong balance sheet. We are on track in our journey to reduce wasted costs and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

We continue to have a strong balance sheet. We are on track in our journey to reduce wasted cost and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development."

 

Result PDF

Personal Products company Godrej Consumer Products announced Q2FY24 results:

  • Q2FY24 sales grew by 9% to Rs 2,129 crore; volume grew by 11%
  • Q2FY24 EBITDA grew by 30% to Rs 552 crore
  • Q2FY24 net profit without exceptions and one-offs grew by 10% to Rs 379 crore
  • Q2FY24 Consolidated sales grew by 6% in INR terms, led by volume growth of 10%; constant currency growth of 16% YoY
    • India business sales grew by 9% YoY, led by volume growth of 11%
    • Indonesia sales grew by 16% in INR terms and 14% in constant currency terms, YoY
    • Africa, USA, and Middle East sales declined by 5% in INR terms and grew by 17% in constant currency terms, YoY
    • Latin America and SAARC sales grew by 5% in INR terms and 99% in constant currency terms, YoY
  • Q2FY24 Consolidated net profit grew by 17% YoY (without exceptional items and one-offs)
  • The Board of Directors has declared an interim dividend of 500% (Rs 5 per share). This would result in a payout of Rs 511 crore.

Commenting on the business performance of Q2FY24, Sudhir Sitapati, Managing Director and CEO, GCPL, said, "We delivered a steady performance in 2Q FY2024, despite the tough operating environment. Our Consolidated volumes grew in double-digits at 10% while sales grew by 6%. Sales in constant currency terms grew by 16%. In India, we delivered 11% volume growth. In Indonesia, our performance continues to improve with double-digit constant currency growth of 14%. Africa, the USA, and the Middle East continue to grow in double-digits in constant currency terms, while performance in INR terms was impacted due to the Naira devaluation.

Our quality of profits continued to improve consistently over the last few quarters with the reported Consolidated Gross Margin improving sharply by 700 bps year-on-year and 110 bps quarter-on-quarter. Our EBITDA Margin, too, improved by 360 bps year-on-year despite continued media investments, which increased 33% year-on-year.

We continue to remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted costs and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

We remain committed to our purpose of bringing the goodness of health and beauty to consumers in emerging markets."

 

Result PDF

Personal products company Godrej Consumer Products announced consolidated Q1FY24 results:

  • Sales grew by 10% INR led by volume growth of 10%; constant currency growth of 15% YoY
    • India business sales grew by 9% YoY led by volume growth of 12%
    • Indonesia sales grew by 20% in INR terms and 15% in constant currency terms, YoY
    • Africa, USA, and Middle East sales grew by 9% in INR terms and 16% in constant currency terms, YoY
    • Latin America and SAARC sales grew by 18% in INR terms and grew by 79% in constant currency terms YoY
  • EBITDA grew by 28% YoY
  • Net profit grew by 19% YoY (without exceptional items and one-offs)

Commenting on the business performance of Q1FY24, Sudhir Sitapati, Managing Director and CEO, GCPL, said, "We started the year on a positive note and achieved healthy volume-led sales growth. In organic terms, our consolidated sales increased by 9% YoY driven by healthy volume growth of 8%. Sales in constant currency terms increased by 13%. In India, we continued to stay the course of our strategy of volume-driven category development and delivered double-digit volume growth of 10%. This performance was broad based with Home Care delivering double-digit volume growth and Personal Care in mid-single digits. Our value growth was lower than volume growth as we passed on the benefits of lower input costs to our consumers. In Indonesia, our performance has continued to improve aided by structural improvements implemented last year, with a 15% growth in constant currency terms. Africa, the USA, and the Middle East continue to grow in double-digits in constant currency terms.

Our quality of profits has been improving consistently over the last few quarters with the reported Consolidated Gross Margin seeing a sharp improvement of 730 bps YoY and 80 bps QoQ. Our EBITDA Margin, too, improved by 270 bps YoY along with continued working media investments which increased by 79% YoY.

We remain focused on driving volume-led growth along with healthy investments in our brands and improvement in profitability. We continue to have a strong balance sheet. We are on track in our journey to reduce wasted costs and are deploying this to drive profitable and sustainable volume growth across our portfolio through category development.

We remain committed to our purpose of bringing the goodness of health and beauty to consumers in emerging markets."

 

 

Result PDF

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