Godrej Consumer posts strong GAUM growth; India home care shines in Q1 FY26

Godrej Consumer Products Ltd. (GCPL) has released a quarterly business update for Q1 FY26, highlighting steady growth momentum in its standalone and global operations, particularly in Home Care and key international markets.

The company’s standalone business is expected to deliver high single-digit value growth, with mid-single digit underlying volume growth (UVG). Performance was led by a strong showing in the Home Care category, which clocked double-digit value growth and UVG, according to the management.

GCPL’s Personal Care segment grew in low single digits, weighed down by performance in soaps. The company noted that soap volumes were impacted by ongoing price-volume rebalancing, a trend driven by commodity cost fluctuations. However, GCPL said its standalone business excluding soaps posted double-digit UVG, underscoring strong underlying demand elsewhere in the portfolio.

“Standalone EBITDA margin in Q1FY26 is likely to be below our normative range but is expected to improve. While palm oil prices have started moderating towards the end of June, benefits of this moderation will only be realized in H2FY26.”

The company reiterated its FY26 outlook shared in its May investor meet: aiming for mid to high single-digit UVG for standalone business, high single-digit consolidated revenue growth, and double-digit consolidated EBITDA growth.

International Business Snapshot
GCPL’s international operations painted a mixed picture.

The Indonesia business faced intense pricing competition across categories, leading to flattish UVG.

However, the Godrej Africa, USA, and Middle East (GAUM) segment stood out, posting strong double-digit value growth and UVG for the second consecutive quarter, with healthy profit growth continuing.

At a consolidated level, GCPL expects double-digit INR revenue growth, supported by high single-digit UVG across global markets.

Broader Strategic Context
The update excludes GCPL’s pet care business and is based on internal unaudited management reports ahead of formal Board approval. The company also emphasized that these numbers should be read as indicative and forward-looking in nature.

GCPL continues to focus on margin recovery, with raw material inputs like palm oil showing favourable trends. The brand is also actively balancing short-term commodity headwinds with long-term portfolio resilience across emerging markets.