Godrej Consumer Products Ltd(GODREJCP)

NSE: GODREJCPBSE: 532424

₹ 851.5-1.07%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 87,134 crNext results: 29 Oct 2026Website: www.godrejcp.comUpdated: 24 Oct 2026

About

Godrej Consumer Products Limited (GCPL) is an Indian FMCG company selling household insecticides, hair care, soaps, air fresheners, fabric care and personal care products across India, Indonesia, Africa, the Middle East and Latin America. In FY26 it reported consolidated revenue of Rs 15,177.9 crore, and international businesses made up 39% of consolidated revenue. GCPL is the number one player in incense sticks, and its Aer air care brand reaches about 20% share within two to three years in each market it enters.^[1][2]

Business segments

India: Rs 9,474.11 crore revenue, 61.4% of consolidated segment revenue, EBIT margin 22.9% in FY26.^[3]
Africa (including Strength of Nature): Rs 3,154.46 crore revenue, 20.4% share, EBIT margin 7.9% in FY26.^[3]
Indonesia: Rs 1,822.59 crore revenue, 11.8% share, EBIT margin 25.1% in FY26.^[3]
Others (Latin America and Middle East): Rs 976.68 crore revenue, 6.3% share, EBIT margin 9.0% in FY26.^[3]
Personal Care made up 51% of turnover in FY26.^[2]

Products and brands

India Home Care covers household insecticides (coils, electrics, aerosols, incense sticks under Goodnight/Hit), air fresheners (Aer) and fabric care (Godrej Fab); Home Care value growth was 12% in Q3 FY26.^[4]
India Personal Care includes soaps (Cinthol, Godrej No.1), body wash, hand wash (Magic), face wash (Muuchstac), men's grooming and hair colour.^[4]
Godrej Fab (liquid fabric care) reached an annualised run rate of ~Rs 500 crore GSV (~Rs 450 crore NSV) and broke even in Q4 FY26.^[5]
Aer entered the plug-in electric fragrance segment with Aer Plug Electrical, per the FY26 annual report.^[2]
Godrej Spic toilet cleaner launched in select South Indian states in October 2025 and was later rolled out pan-India; the toilet cleaner category is ~Rs 3,000 crore.^[6]
Godrej Rizz liquid dishwash launched in select Indian states in Q1 FY27; the category is Rs 2,500 - 3,000 crore.^[7]
The GAUM portfolio is led by Hair Fashion and Air Fresheners; FMCG made up ~50% of GAUM revenues as of Q1 FY27.^[4]
EDP (Eau de Parfum) was approaching Rs 100 crore GSV as of Q3 FY26.^[4]

Operations and capacity

As of FY26, GCPL had five manufacturing clusters across 9 countries and over 7,800 team members.^[2]
Indian plants are in Kathua (J&K), Baddi (Himachal Pradesh), Sikkim, Guwahati (Assam), Malanpur (Madhya Pradesh), Puducherry/Karaikal and Chengalpattu (Tamil Nadu).^[2]
An R&D laboratory opened in Jakarta, Indonesia, for Air Care, Home Insecticide, Home Care and Personal Care (FY26).^[2]
Nigeria's NAFDAC completed a GMP audit of the Aer pocket line, and export production has begun (FY26).^[2]
A pet food plant in Nashik was set up and shipping volumes as of Q4 FY26.^[5]

Key operating numbers

Consolidated underlying volume growth: 9% in Q1 FY27, vs 6% in Q4 FY26, 7% in Q3 FY26 and 3% in Q2 FY26.^[7]
Q2 FY27 update: consolidated high-teens revenue growth and high-single-digit underlying volume growth expected.^[8]
Q2 FY27 India standalone: teens revenue growth and high-single-digit volume growth expected, despite an estimated ~100-150 bps impact from trade inventory correction; Q1 FY27 volume growth was ~7%.^[8][7]
Indonesia: high-teens revenue growth and high-single-digit volume growth expected in Q2 FY27, after double-digit volume growth in Q1 FY27.^[8][7]
GAUM volume growth was in the teens in Q1 FY27, and the business grew 23% year-on-year in FY26.^[7][2]
India took a weighted average price increase of ~5% in Q1 FY27: soaps +5%, detergents +6-7%, household insecticides +4-5%.^[7]
Household insecticides gained overall category market share in Q1 FY27 for the first time in almost a decade.^[7]
Goodnight Agarbatti became the largest branded incense stick in India in Q2 FY26, growing ~100% YoY.^[6]

Customers and distribution

Customers range from households to salons and stylists, reached through regional distributors and salon channels; GCPL serves 28 states in India (FY26).^[2]
India sales run through general trade, modern trade and e-commerce; Muuchstac, which sold only online when acquired, is moving into modern and general trade.^[6]
Exports were 4.66% of the entity's turnover in FY26, and Godrej International sells innovations in more than 75 countries.^[2]
Aer reached double-digit market share in South Africa within six months of launch, with success also in Nigeria, Kenya, Argentina, Chile and the US.^[7]
Africa's newer FMCG categories (Air Fresheners, Hair Colour, Wet Hair) are growing at more than 20% (FY26).^[2]

Expansion and new categories

GCPL Indonesia is investing IDR 500 billion (approx. INR 250 crore) in a new plant in Kendal, adding 15% to home and personal care capacity (announced October 2026).^[9]
Management targets 20% of consolidated revenue from 'speedboat' new categories by end of FY27; these added ~3% incremental salience in Q1 FY27.^[7]
Pet care found product-market fit in Tamil Nadu and is expanding to the rest of South India as of Q1 FY27.^[7]
India capex rose to Rs 485.82 crore in FY25 from Rs 193.87 crore.^[10]

Recent developments

Q2 FY27: the company reported calibrated price increases and cost savings in response to renewed commodity inflation.^[8]
Africa turnaround: organisation size cut by roughly 20%, and flagship SKUs in Africa and the USA cut by about 22% since 2023.^[2]
10 November 2025: the Muuchstac acquisition (men's face wash, ~Rs 70-80 crore revenue) was completed; Muuchstac has grown 70-80% from its run rate at acquisition as of Q1 FY27.^[4]
February 2026: following an ICAI EAC opinion, certain customer promotional spends were reclassified as a deduction from revenue; absolute EBITDA, PAT and cash flows were unaffected.^[5]

Market Cap

₹87,134 Cr

High / Low

₹1,275 / 833

Stock P/E

45.9

Price / Book

7.0

Book Value

₹124

EPS

₹18.2

No. of Shares

102.32 Cr

ROCE

19.1%

ROE

15.1%

OPM

20.4%

Debt / Equity

0.33

Sales

₹15,178 Cr

Net Profit

₹1,861 Cr

Promoter holding

53.1%

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Godrej Consumer Products Ltd(GODREJCP)

About

Business segments

Products and brands

Operations and capacity

Key operating numbers

Customers and distribution

Expansion and new categories

Recent developments

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