Godrej Consumer Products Ltd.Strong Q3 with Margin Recovery

Godrej Consumer Products delivered a strong Q3 FY26 performance with consolidated revenue growing 9% year-on-year, driven by healthy underlying volume growth of 7%.

EBITDA expanded significantly by 16% to reach margins of 21.6%, while net profit before exceptionals grew 14%, demonstrating quality earnings growth. The India business was the standout performer with 11% sales growth and 9% volume growth, supported by robust execution across categories. India EBITDA margins recovered to a healthy 24.8%, back within the normative 24-26% range, aided by favorable input costs and structural cost savings.

The GAUM business delivered outstanding results with 19% sales growth and 18% EBITDA expansion. Indonesia showed early stabilization signs with 5% volume growth and 100 basis points margin improvement despite pricing pressures. Management remains confident of achieving high single-digit consolidated revenue growth for FY26, with four hyper-growth categories creating compounding momentum. The Muuchstac acquisition was completed successfully in November 2025, adding strategic presence in the fast-growing men's face wash segment. Management emphasized that margin challenges are behind them, expressing confidence in sustained profitable growth trajectory.