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- Q2 FY27 results
Godrej Consumer Products Q2 FY27 results: net profit up 13.8% to ₹522.92 crore, revenue up 15.4%
Godrej Consumer Products Limited reported consolidated revenue of ₹4,413 crore in Q2 FY27, up 15.4% from Q2 FY26, with EBITDA of ₹820 crore and a net profit of ₹522.92 crore. Revenue, EBITDA, profit and EPS were also higher than in Q1 FY27, while the EBITDA margin declined to 18.6% from 19.2% a year earlier.
Key points
- Consolidated revenue rose 15.4% year on year to ₹4,413 crore and increased 4.4% from ₹4,225 crore in Q1 FY27.
- EBITDA was ₹820 crore, up 11.8% from ₹733.33 crore in Q2 FY26, while the margin fell 0.6 percentage points to 18.6%.
- Net profit rose 13.8% year on year to ₹522.92 crore and was 3.6% higher than Q1 FY27.
- Basic EPS increased to ₹5.11 from ₹4.49 in Q2 FY26 and ₹4.93 in Q1 FY27.
- The board declared an interim dividend of ₹5 per equity share, or 500%, for FY27.
How did Godrej Consumer Products perform in Q2 FY27?
Godrej Consumer Products reported consolidated revenue of ₹4,413 crore for Q2 FY27, up 15.4% from ₹3,825 crore in Q2 FY26 and 4.4% from ₹4,225 crore in Q1 FY27. EBITDA rose 11.8% year on year to ₹820 crore and increased 2.3% from ₹801.34 crore in the previous quarter. The EBITDA margin was 18.6%, down 0.6 percentage points from 19.2% and 0.4 percentage points from 19.0%.
Profit before tax was ₹696.49 crore, up 11.4% from ₹625.01 crore a year earlier and 2.9% from ₹676.55 crore in Q1 FY27. Net profit rose 13.8% year on year to ₹522.92 crore and increased 3.6% from ₹504.52 crore. Basic EPS was ₹5.11, compared with ₹4.49 in Q2 FY26 and ₹4.93 in Q1 FY27.
On the standalone basis, revenue was ₹2,653.02 crore, up 11.0%, while profit attributable to owners was ₹337.33 crore against ₹356.25 crore in Q2 FY26. The company’s investor presentation reported 19% consolidated net sales growth and 13% standalone growth; the financial results used here follow the consolidated basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 4,413 | 4,225 | 3,825 | +15.4% | +4.4% |
| Other income | 50.54 | 51.88 | 62.85 | −19.6% | −2.6% |
| Total expenses | 3,758 | 3,585 | 3,233 | +16.2% | +4.8% |
| EBITDA | 820 | 801.34 | 733.33 | +11.8% | +2.3% |
| EBITDA margin | 18.6% | 19.0% | 19.2% | −0.6 pp | −0.4 pp |
| Profit before tax | 696.49 | 676.55 | 625.01 | +11.4% | +2.9% |
| Tax | 173.57 | 172.03 | 165.67 | +4.8% | +0.9% |
| Net profit | 522.92 | 504.52 | 459.34 | +13.8% | +3.6% |
| EPS (₹) | 5.11 | 4.93 | 4.49 | +13.8% | +3.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Godrej Consumer Products' costs and profit?
Total expenses rose 16.2% year on year to ₹3,758.26 crore from ₹3,233.27 crore. Cost of materials increased ₹130.12 crore to ₹1,653.67 crore, employee cost rose ₹62.80 crore to ₹332.77 crore, finance costs increased ₹11.46 crore to ₹87.33 crore, and depreciation rose ₹12.20 crore to ₹77.84 crore. Other expenses fell ₹40.02 crore to ₹949.77 crore.
Other income declined ₹12.31 crore to ₹50.54 crore from ₹62.85 crore in Q2 FY26. The exceptional item charge was ₹8.88 crore, compared with ₹29.66 crore a year earlier and ₹15.56 crore in Q1 FY27. Tax expense increased ₹7.90 crore to ₹173.57 crore, while profit before tax rose ₹71.48 crore to ₹696.49 crore.
Management said inflation intensified across crude-linked derivatives, palm oil and commodity inputs, producing an approximately high single-digit impact because of the portfolio in India and Indonesia. It also said a trade inventory correction caused an estimated 150 bps drag on standalone growth and mildly affected standalone EBITDA.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1,654 | 1,524 | +130.12 | +8.5% |
| Employee cost | 332.77 | 269.97 | +62.80 | +23.3% |
| Finance costs | 87.33 | 75.87 | +11.46 | +15.1% |
| Depreciation | 77.84 | 65.64 | +12.20 | +18.6% |
| Other expenses | 949.77 | 989.79 | −40.02 | −4.0% |
| Total expenses | 3,758 | 3,233 | +524.99 | +16.2% |
| Other income | 50.54 | 62.85 | −12.31 | −19.6% |
| Tax | 173.57 | 165.67 | +7.90 | +4.8% |
| Exceptional items | −8.88 (charge) | −29.66 (charge) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue rose 15.4% to ₹8,638.56 crore from ₹7,486.95 crore in H1 FY26. Total income increased 14.5% to ₹8,740.34 crore from ₹7,632.64 crore, while profit before tax rose 10.8% to ₹1,373.04 crore from ₹1,238.71 crore.
Net profit in the first half increased 12.7% to ₹1,027.44 crore from ₹911.79 crore. Basic EPS rose to ₹10.04 from ₹8.91, with revenue up ₹1,151.61 crore and net profit up ₹115.65 crore compared with H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 8,639 | 7,487 | +15.4% |
| Profit before tax | 1,373 | 1,239 | +10.8% |
| Net profit | 1,027 | 911.79 | +12.7% |
| EPS (₹) | 10.04 | 8.91 | +12.7% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹22,306.34 crore against ₹21,333.58 crore on 31 March 2026, while total equity was ₹12,618.15 crore against ₹12,652.95 crore. Borrowings rose to ₹4,690.16 crore from ₹4,135.98 crore, and cash fell to ₹574.62 crore from ₹976.87 crore.
Inventories increased to ₹2,262.01 crore from ₹1,659.49 crore, trade receivables rose to ₹2,062.14 crore from ₹1,836.72 crore, and trade payables increased to ₹2,562.09 crore from ₹2,301.72 crore. H1 FY27 operating cash flow was ₹647.04 crore against ₹655.76 crore in H1 FY26, while capital expenditure was ₹356.33 crore against ₹289.1 crore.
Investing cash flow was negative ₹318 crore in H1 FY27, compared with positive ₹680.64 crore in H1 FY26. Financing cash flow was negative ₹711.09 crore against negative ₹1,279.65 crore, and no closing cash figure was provided in the year-to-date cash-flow data.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 22,306 | 21,334 |
| Total equity | 12,618 | 12,653 |
| Borrowings | 4,690 | 4,136 |
| Cash and equivalents | 574.62 | 976.87 |
| Inventories | 2,262 | 1,659 |
| Trade receivables | 2,062 | 1,837 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 647.04 | 655.76 |
| Cash from investing | −318 | 680.64 |
| Cash from financing | −711.09 | −1,280 |
| Capital expenditure | 356.33 | 289.10 |
Source: Company's results filing (XBRL).
How has Godrej Consumer Products done over the last 8 quarters?
Revenue increased year on year in each of the last eight quarters. Over the reported period, revenue reached a low of ₹3,597.95 crore in Q4 FY25 and a high of ₹4,413.09 crore in Q2 FY27, with sequential growth continuing in the latest quarter.
Net profit reached a low of ₹411.9 crore in Q4 FY25 and a high of ₹522.92 crore in Q2 FY27. Profit rose year on year in each of the last three quarters, and the latest quarter increased sequentially from ₹504.52 crore.
The EBITDA margin reached a low of 19.0% in Q1 FY27 and a high of 21.6% in Q4 FY26 before declining to 18.6% in Q2 FY27. Revenue and profit moved higher in the latest quarter, while the margin was lower than in the preceding quarter.
Which businesses drove the quarter?
India reported revenue of ₹2,654.07 crore, up 11.1% from ₹2,389.25 crore, with EBIT of ₹495.45 crore against ₹510.41 crore. The India EBIT margin was 18.7%, compared with ₹510.41 crore of EBIT in the year-ago quarter.
Indonesia reported revenue of ₹538.29 crore, up 12.1% from ₹480.15 crore, and EBIT of ₹135.01 crore against ₹104.7 crore. Its EBIT margin was 25.1%. Africa, including Strength of Nature, recorded revenue of ₹1,070.54 crore, up 33.0% from ₹804.66 crore, with EBIT of ₹134.78 crore against ₹71.58 crore and an EBIT margin of 12.6%.
Others reported revenue of ₹284.11 crore, up 35.9% from ₹209.07 crore, and EBIT of ₹21.44 crore against ₹25.96 crore, with an EBIT margin of 7.5%. Intersegment eliminations recorded an EBIT charge of ₹2.86 crore against ₹11.77 crore in the year-ago quarter.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| a) India | 2,654 | +11.1% | 495.45 | 18.7% |
| b) Indonesia | 538.29 | +12.1% | 135.01 | 25.1% |
| c) Africa (including Strength of Nature) | 1,071 | +33.0% | 134.78 | 12.6% |
| d) Others | 284.11 | +35.9% | 21.44 | 7.5% |
| Less: Intersegment eliminations | 0 | −2.86 |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
On 29 October 2026, the board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. It also noted the statutory auditors’ limited review reports, which contained an unmodified conclusion. The same-day filings did not announce a fund raise or any appointment.
What did Godrej Consumer Products' management say?
Management maintained FY27 guidance for high single-digit underlying volume growth in the standalone business and double-digit consolidated revenue and EBITDA growth. It said first-half revenues were running ahead of plan, giving it confidence to exceed the plan in certain areas. For Q3 FY27, management expected commodity inflation to be slightly higher than Q2 and said it would manage to year-on-year EBITDA growth rather than guide to a margin percentage.
Management said calibrated pricing would continue in soaps and liquid detergents, where it said margins remained below normative levels. It also identified an India CEO appointment under way with no fixed timeline, pet-care milestones to be set out next quarter, and a target to move into the top percentile in category advertising capability over the next few quarters through capability and influencer and digital shifts rather than a higher share of spend.
On the earnings call, management discussed the estimated 150 bps drag from trade inventory correction on standalone growth and said channel inventory should remain healthy. It also said Indonesia benefited from an El Niño tailwind that increased mosquito infestation, while commodity inflation remained challenging. The disclosed risks included high single-digit commodity inflation, soaps and liquid detergent margins below normative levels, sustainability of favourable Indonesian weather, and still-nascent pet-care demand and product acceptance.
Managing Director and CEO Aasif Malbari said, “We continue to hold our FY27 guidance, high single-digit underlying volume growth in stand-alone and double-digit revenue and EBITDA growth at a consol level.” He also said, “it's important to kind of price for profit growth rather than to price for margin.”
How did Godrej Consumer Products shares react?
After the filing appeared after market, the stock fell 2.4% within 5 minutes, 1.2% within 15 minutes and 0.9% within 30 minutes. From the previous close of ₹843, it closed 3.0% lower on the reaction day at a price based on the ₹815 reference level; by the next day’s close, the stock was down 3.3% from the pre-results close.
The Personal Care industry median fell 1.3% on the reaction day and 0.8% by the next day’s close. Godrej Consumer Products therefore moved 1.7 percentage points below the sector median on the reaction day and 2.5 percentage points below it by the next day’s close. The Nifty 100 rose 0.3% on the reaction day and 2.0% by the next day’s close.
Earlier reaction-day moves were mixed: the stock fell 2.5% on 7 August 2026, 5.6% on 6 May 2026 and 5.2% on 23 January 2026, then rose 5.4% on 31 October 2025 and 3.1% on 24 October 2024.
| After the filing | Stock | Personal Care median |
|---|---|---|
| 5 minutes | −2.4% | |
| 15 minutes | −1.2% | |
| 30 minutes | −0.9% | |
| Reaction day | −3.0% | −1.3% |
| Next day | −3.3% | −0.8% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 7 August 2026 | −2.5% |
| 6 May 2026 | −5.6% |
| 23 January 2026 | −5.2% |
| 31 October 2025 | +5.4% |
| 7 August 2025 | −3.1% |
| 6 May 2025 | −0.4% |
| 24 January 2025 | −0.1% |
| 24 October 2024 | +3.1% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Godrej Consumer Products' revenue in Q2 FY27?
Revenue from operations was ₹4,413 crore, up 15.4% from ₹3,825 crore in Q2 FY26 (consolidated).
Did Godrej Consumer Products make a profit in Q2 FY27?
Yes. Net profit was ₹522.92 crore, against a net profit of ₹459.34 crore in Q2 FY26.
What was Godrej Consumer Products' EPS in Q2 FY27?
Basic earnings per share were ₹5.11, against ₹4.49 in Q2 FY26.
How did Godrej Consumer Products shares react to the Q2 FY27 results?
On the reaction day the stock moved −3.0% from the previous close; the median Personal Care stock moved −1.3%.
When did Godrej Consumer Products announce its Q2 FY27 results?
On 29 October 2026, in a filing to the NSE.
Sources
- Outcome of Board Meeting (NSE, 29 October 2026) · PDF
- The earnings call (4 November 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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