Godrej Consumer Products

“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.”

“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.”

“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.”

“With revenues running ahead of plan through the first half, we remain on track to deliver with the confidence to exceed it in certain areas.”

“Yes. I think, Percy, we would want to deliver in terms of double-digit EBITDA growth at a consol for sure.”

“And we've reached capacity utilizations, which are now kind of constraining our growth. There are expansions in capacity which are happening in the next few months.”

“Our stand-alone business delivered 13% sales growth performance, driven by 7% underlying volume growth. This is despite an estimated 150 bps impact from trade inventory correction in the quarter.”

“In Home Care, we delivered 19% value growth led by strong performance in air fresheners and home care liquids. Alongside that, we gained market share in Household Insecticides.”

“Personal Care delivered value growth of 8%. Soaps remained stable despite significant price increases and grammage reduction.”

“Cinthol body wash continues to scale sequentially, while Muuchstac face wash progressed in line with our business plan. Actually, it progressed beyond our business plan.”

“Hair colors maintained its growth momentum and continues to gain market share across our key bets. Perfumes and deodorants delivered strong double-digit growth”

“However, we have benefited from El Nino tailwind in Indonesia, leading to increased mosquito infestation.”

“What we have seen in the last couple of quarters on detergents is that actually you get the benefit of formalization of the industry because there is still a bit of the local formalization and hence, there is also a reasonable amount of movement from powders to liquids. So the detergent trajectory of growth is very strong, and that should continue.”

“So not really kind of worried from that point of view. So yes, I think we should be kind of able to sustain our trend lines on growth.”

“We delivered strong broad-based underlying volume growth across India, Indonesia and Africa despite subdued monsoon conditions in India, while being supported by tailwinds in Indonesia.”

“I think we've not seen the impact in terms of inflation impacting the volume growth.”

“Inflation intensified across crude-linked derivatives, palm oil and commodity inputs. This led to one of the highest inflationary impacts in the last many years.”

“Due to the nature of our portfolio in India and Indonesia, the impact of such inflation has been approximately high single digit.”

“We will continue to take calibrated pricing actions significantly in soaps and liquid detergents, where the cost impact is large and the margins even today are below normative levels.”

“As I mentioned, both in soaps and detergents, I think there has been a reasonably aggressive price increase, which the entire industry and we have taken. And we still are not at normative levels in terms of margins.”

“And fundamentally in both these categories, there will be some more pricing, which will kind of comes in.”

“And for that, you bring down the inventories to completely system-defined inventories and move that way.”

“Godrej Spic, which was scaled nationally during Q1, continues to witness healthy consumer repeat and sequential growth with significant distribution headroom still available.”

“During this quarter, we launched Godrej Rizz in selected markets across West and South India. We also launched Godrej Zap, our entry into stain removers online.”

“The launch of HI incense stick was well received and is having good early traction.”

“We do believe the brands kind of actually met its action standard in TN, and we have moved the brand to national.”

“So we have launched a range of new products, there is Mega Growth Mousse, which has been launched. There are various styling products, which we have launched now under the Darling brand.”

“No. So I think we are on to the process to bring in the India CEO. This is an important and a key hire for us”

“Stand-alone EBITDA was mildly impacted due to this correction.”

“At a consolidated level, revenues grew 19% year-on-year, 15% in constant currency terms with underlying volume growth of 8%.”

“EBITDA grew 12%. Net profit grew 14% to INR523 crores.”

“This marks our second consecutive quarter of high teens revenue growth with high single-digit underlying volume growth and double-digit profit growth.”

“And I do see ourselves kind of moving and getting into a top percentile over the next few quarters.”

“Our measure of outperformance remains double-digit UVG and profit growth.”