GODREJ CONSUMER PRODUCTS LTD. Q3 FY25 Results

Demand conditions in India have witnessed temporary headwinds over the past few months, led by a slowdown in urban consumption. Surge in palm oil prices by more than 40% along with weak seasonality in Household Insecticides has led to a flat underlying volume growth and mid-single digit underlying sales growth for our Standalone business. The surge in palm oil costs is negatively impacting our EBITDA margin. Our reported Standalone EBITDA margin at 22.6% is lower than our normative margin. Our categories of Air Fresheners, Laundry Liquids, etc. have continued to deliver strong double-digit underlying volume growth. In Household Insecticides, Goodknight Agarbatti has outperformed and gained significant market share in the Incense Sticks category. Premium formats in Household Insecticides were impacted due to Urban slowdown and category seasonality, however we have started to gain market share within premium formats, which suggests that the RNF molecule is working amongst consumers. In Indonesia, we continue to consistently deliver healthy performance with 6% volume growth and EBITDA margin expansion. In organic terms, Africa, USA and the Middle East sales grew by 1% in constant currency terms and declined by 8% in INR terms and delivered ~15% EBITDA margin for the fourth consecutive quarter. This translated into Consolidated organic sales growth of 6%.