Godrej Consumer Products Limited has informed the Exchange regarding Outcome of Board Meeting held on May 06, 2026.
GODREJCP · price
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GCPL reported audited financial results for FY ended March 2026. Consolidated revenue grew 8.5% to Rs 15,100 crore from Rs 13,917 crore last year. However, profit after tax remained nearly flat at Rs 1,861 crore vs Rs 1,852 crore (0.5% growth). The company declared an interim dividend of Rs 5 per share for FY 2026-27 with record date May 12, 2026. Key exceptional items included restructuring costs of Rs 81 crore, SON USA litigation costs of Rs 44 crore, labour code impact of Rs 45 crore, and loss on sale of East Africa investment of Rs 28 crore. The statutory auditors issued an unmodified (clean) audit opinion. Mr. Sudhir Sitapati was reappointed as MD & CEO for 5 years from October 2026, and founder member Mr. Nadir Godrej will retire from the board effective August 7, 2026. Prior period figures were restated due to reclassification of promotional expenditures from expenses to revenue offset.
Revenue growth of 8.5% is below expectations but profit remained stable. The company continues to face headwinds from litigation and restructuring costs. Dividend declaration provides income support for shareholders while investors await evidence of stronger profitability recovery.