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Godrej Consumer Products (GODREJCP) investor relations material
Godrej Consumer Products Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 saw resilient performance amid GST transition in India and macro challenges in Indonesia, with consolidated revenue up 4% year-over-year and EBITDA up 4%, while net profit declined due to GST impacts and macro headwinds.
India (ex-soaps) delivered double-digit volume growth, with Home Care leading at 6% growth and Personal Care declining 2% due to GST impact.
International business was mixed: Africa, USA & Middle East grew 25% in sales and 20% in EBITDA, while Indonesia sales declined 7% but gained market share.
Unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, were approved with an unmodified auditor's review opinion.
Acquisition of Muuchstac, a leading men's face wash brand, strengthens the personal care portfolio and expands presence in the male grooming category.
Financial highlights
Consolidated revenue grew 4% in INR terms, with underlying volume growth of 3% and EBITDA margin at 19.3%.
Net profit before exceptionals declined by 2% year-over-year to ₹487 crore; consolidated net profit after tax for H1 FY26 was ₹911.79 crore.
India EBITDA margin guidance remains at 24%-26% for H2, likely at the lower end.
Africa, USA, and Middle East delivered 20% EBITDA growth; Indonesia revenue declined 7% due to pricing and distributor changes.
Basic EPS for H1 FY26 was ₹8.91, slightly down from ₹9.21 in H1 FY25.
Outlook and guidance
Expect high single-digit underlying volume growth in India and consolidated high single-digit revenue growth for FY26.
India and GAUM businesses are expected to deliver double-digit EBITDA growth for the full year.
Margin improvement expected in H2 as GST-related disruptions subside and cost savings materialize.
Board expects continued growth with strategic acquisitions and ongoing restructuring in international markets.
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