Godrej Consumer Products Limited has informed the Exchange about Transcript
GODREJCP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Godrej Consumer Products reported Q2 FY26 consolidated revenue growth of 4% in INR terms with 3% underlying volume growth. EBITDA margin stood at 19.3% and net profit before exceptions declined 2%. India sales grew 4% with volumes up 3%, but personal care fell 2% due to GST transition disruption, especially in soaps. Africa, USA and Middle East delivered strong 25% sales growth (15% constant currency) with EBITDA up 20%, while Indonesia remained weak with negative revenue growth of 7% due to macro and pricing pressures. The company announced the acquisition of men's face wash brand Muuchstac for roughly 4x sales and 10x EBITDA (around INR80 crore revenue, INR30 crore EBITDA), entering the INR1,000 crore men's face wash market growing at over 25%. Management guided that Q2 was the last weak margin quarter, expecting India standalone margins to return to the normative 24-26% band in H2 FY26, with India standalone and GAUM delivering double-digit EBITDA growth for the full year.
Near-term sentiment is mixed: GST-led destocking and Indonesia weakness weighed on Q2, but clear guidance for margin recovery and double-digit EBITDA growth in India plus the EPS-accretive Muuchstac acquisition should support the stock. Investors should watch for soap volume normalization and Indonesia margin trajectory in H2 as key re-rating triggers.