Godrej Consumer Products Ltd. (GOCP.BO): 1QF Y27 update: Strong quarter on all fronts, well positioned to beat FY27 guidance; Buy

Research evidence excerpt

Godrej Consumer Products Ltd. (GOCP.BO): 1QF Y27 update: Strong quarter on all fronts, well positioned to beat FY27 guidance; Buy

Equity Research

5 July 2026 | 11:08PM IST

Godrej Consumer Products Ltd. (GOCP.BO): 1QFY27 update: Strong

quarter on all fronts, well positioned to beat FY27 guidance; Buy

Strong quarter with high teens consolidated revenue growth, with broad based Arnab Mitra

+91(22)6616-9345 |

acceleration: GCPL’s 1QFY27 business update stated that it expects high-teens arnab.mitra@gs.com

Goldman Sachs India SPL

consolidated revenue growth, meaningfully ahead of its full-year guidance of

Aalokita Ash

double-digit revenue growth, backed by strong high-single-digit underlying volume +91(22)6616-9374 |

growth (UVG). The Standalone (India) business is likely to deliver double-digit aalokita.ash@gs.comGoldman Sachs India SPL

revenue growth driven by high-single-digit volume growth, with growth Saurabh Kundan

broad-based across categories. Indonesia business delivered meaningful +91(22)6616-9129saurabh.kundan@gs.com|

acceleration, posting mid-teens revenue growth and double-digit volume Goldman Sachs India SPL

growth. With competitive pressures abating and market share gains across

categories, management believes Indonesia is back on a profitable growth path. The

GAUM business (Godrej Africa, USA, and Middle East) delivered very strong

double-digit sales growth on the back of teens-level volume growth.

Consolidated EBITDA growth ahead of full year guidance despite headwinds,

likely to accelerate going ahead: Consolidated EBITDA is also expected to land

ahead of the double-digit guidance, despite the fact that the company faced

exceptional cost pressures in 1QFY27 due to the spike in crude derivatives post the

Middle East conflict.