Godrej Consumer Products (GODREJCP) Q3 25/26 earnings summary

Executive summary

• Q3 FY26 delivered strong, broad-based performance with 9% consolidated revenue growth and 7% underlying volume growth, driven by robust India and Africa, USA & Middle East segments.

• EBITDA expanded by 16% year-over-year, with consolidated margin at 21.6%; net profit before exceptionals grew 14%.

• Standalone business delivered 11% net sales growth and 22% EBITDA growth year-over-year.

• India business saw 9% volume growth and EBITDA margin of 24.8%, aided by favorable input costs and disciplined cost management.

• Acquisition of Muuchstac completed, strengthening the men's face wash portfolio and operations now live.

Financial highlights

• Consolidated revenue from operations for Q3 FY26 was ₹4,099.12 crore, up from ₹3,768.43 crore in Q3 FY25.

• Net profit after tax for Q3 FY26 stood at ₹497.91 crore; net profit excluding exceptionals at ₹572 crore.

• Standalone net sales at ₹2,484 crore, up 11% year-over-year; Africa, USA & Middle East sales at ₹921 crore, up 19%.

• EBITDA margin at 21.6% consolidated, 24.8% standalone, and 14.6% for Africa, USA & Middle East.

• Earnings per share (basic and diluted) for Q3 FY26 were ₹4.87.

Outlook and guidance

• Confident of achieving high single-digit consolidated revenue growth for the year.

• India business expected to sustain growth and normative EBITDA margins in Q4 FY26.

• GAUM to continue double-digit revenue and profit growth; Indonesia recovery expected from FY27.

• Targeting gradual increase in India volume growth from current 6-7% to 7-8% over 18-24 months.

• Company continues to monitor regulatory changes, especially regarding new Labour Codes.