Godrej Consumer Products expects high-teen revenue growth in Q1 FY27; shares slip 13% YTD

Godrej Consumer Products (GCPL) on Friday, July 3, said it expects to report revenue growth in the high teens for Q1 FY27, meaningfully ahead of our full-year guidance of double-digit revenue growth, backed by strong high single-digit underlying volume growth (UVG).

The FMCG company expects the consolidated EBITDA to be ahead of their double-digit guidance, although margins will be lower due to exceptional cost pressures.

Godrej Consumer Products in a statement said its standalone business is likely to deliver double-digit revenue growth for the quarter, supported by high single-digit underlying volume growth, with growth seen across categories.

“While the quarter saw significant volatility in costs on account of movement in crude prices & other raw materials and faced sourcing challenges resulting in lower fill rates across markets, we are pleased with the way we navigated our business through agile planning, sourcing and calibrated pricing actions,” the company said in a regulatory filing.

Overall, across the FMCG industry, GCPL said it has seen an acceleration in value growth with the demand environment remaining stable, aided by continued momentum across the broader global economy and consumer sentiment holding up despite crude-led input cost inflation.

The firm said that, in line with the guidance shared at its Investor Meet in May 2026, the business delivered a sequential improvement in performance across most metrics.

On the commodity front, input costs remained elevated through most of Q1, broadly within the cost impact ranges outlined in the previous update by the company. The costs have begun to ease in the closing weeks of the quarter.

The FMCG major further said its response has remained consistent with its approach to navigating commodity cycles, including calibrated pricing actions, strong execution of cost-saving programmes, and prudent media optimisation, and expects margins to recover progressively over the year.

“We remain mindful that El Niño conditions can heighten weather volatility across our key markets, with the potential to disrupt agricultural output and rural demand, though our geographically diversified sourcing and portfolio provide meaningful resilience against such volatility and as such we don’t foresee any major impact,” GCPL added.

International market updates

GCPL said its Indonesia business delivered a meaningful step-up in performance, with mid-teens revenue growth on the back of double-digit underlying volume growth. With competitive pressures now abating and market share gains sustained across categories, the company believes the business is back on a profitable growth journey.

In terms of Godrej Africa, USA, and Middle East (GAUM) business, the company delivered an exceptionally strong quarter, with strong double-digit sales growth on the back of strong underlying volume growth in the teens. The growth has been broad-based across geographies and categories.

“With revenue growth tracking ahead of our original expectations and input costs beginning to ease, we enter the remainder of FY27 with increased confidence. We remain firmly on track to deliver our guidance for the full year with the strong likelihood to exceed the same in select metrics,” GCPL said.

GCPL share price trends

On Friday, Godrej Consumer Products shares were seen at ₹1,078 apiece on the National Stock Exchange, rising marginally by 0.07%.

For a month’s time, shares of the company have climbed over 9%, while they have slipped 13% from the beginning of the year.

Shares of the firm had hit a 52-week high of ₹1,309 on September 4, 2025, and a 52-week low of ₹967.05 on April 2, 2026.

According to NSE data, as of July 3, 2026, GCPL has a total market capitalisation of ₹1.10 lakh crore.