Godrej Consumer Products Ltd. Anticipates Mid-Single Digit INR Revenue Growth in Q2 FY26

Godrej Consumer Products Ltd. (GCPL) has released its quarterly update for Q2 FY26. The update provides an overview of the operating performance and demand trends for the quarter ended Sep 30, 2025. The report is based on internal unaudited management reports and will be followed by a detailed performance update after the approval of the Q2FY26 financial results by the Board of Directors. The update excludes the pet care business. The recent GST reforms by the government are expected to strengthen consumer demand, with nearly one-third of GCPL’s portfolio now benefiting from a reduced GST of 5%. GCPL has already passed on these benefits to consumers. However, the GST transition has resulted in some short-term adjustments across trade channels, impacting both growth and profitability. The Standalone business is expected to deliver mid-single digit value growth, supported by low-single digit UVG. The Home Care portfolio continues to demonstrate strong momentum, while Personal care is likely to decline. In the international portfolio, Indonesia is expected to witness a low-single digit decline, while GAUM is likely to deliver double-digit value and volume growth. At a consolidated level, GCPL anticipates mid-single digit INR revenue growth, but the GST transition in India is expected to have a short-term impact on profitability.