Margin Gains Likely for Godrej Consumer in H2

Company's June-quarter numbers were a mixed bag

- RAM PRASAD SAHU

The June-quarter numbers of Godrej Consumer Products Ltd (GCPL) were a mixed bag as the company delivered on volume and revenue fronts while margin performance was sub-par.

While consolidated volume growth came in at 8 per cent, the Indian business saw mid-teens volume uptick with the exception of the soap portfolio.

Brokerages are positive on expectations of steady volume growth trajectory and margin recovery in the second half of FY26.

The India business, which accounted for 63 per cent of consolidated revenues, posted a 7.7 per cent growth in revenues.

While the strong show was led by the homecare segment, revenues for the soap business were flat as volume remained under pressure. Homecare grew 16 per cent over the year-ago quarter, led by the household insecticides segment.