Personal Products company Godrej Consumer Products announced Q2FY26 results Q2FY26 consolidated sales grew by 4% in Rs and 4% in constant currency terms YoY on the back of underlying volume growth of 3%. Standalone business underlying volume grew by 3%, sales grew by 4% YoY. Indonesia underlying volume growth grew by low mid-single-digit, sales de-grew by 7% in constant currency and Rs terms, YoY. Africa, USA, and Middle East organic sales grew 25% in Rs and 15% in constant currency terms, YoY. Latin America and Others de-grew sales by 9% in Rs and grew by 5% in constant currency terms, YoY. Q2FY26 consolidated EBITDA margins stood at 19.3%. Q2FY26 consolidated net profit de-grew by 2% YoY (without exceptional items and one-offs) due to temporary headwinds. Sudhir Sitapati, Managing Director, and CEO, GCPL, said: "Q2FY26 has been a resilient quarter for Godrej Consumer Products Limited (GCPL), especially given the backdrop of the GST transition in India and continued macroeconomic challenges in Indonesia. Despite these headwinds, our India business, excluding soaps, has delivered double-digit underlying volume growth, reflecting the strength of our core portfolio and execution. Our international portfolio faced macro and competitive pressures in Indonesia, which were offset by robust performance in Africa. On a consolidated basis, our revenues grew 4% in Rs terms, supported by 3% underlying volume growth. Our EBITDA margin stood at 19.3%, and net profit before exception declined by 2% In India, sales grew by 4% and volumes by 3%. The recent GST rate reduction is a welcome structural reform that will strengthen long-term consumer demand. However, this transition led to short-term trade disruptions as the channel adjusted to new pricing and cleared old inventory, particularly impacting Soaps and Hair colour. Despite this, we continue to gain market share in Soaps and other key categories. In Home Care, we delivered 6% growth, led by strong performance in Air Fresheners and Fabric Care. Personal Care declined by 2%, largely reflecting the GST-related impact on soaps. As guided earlier, this was the last weak quarter for margins, and we expect a return to normative levels in the second half of FY26 for India. Across our portfolio, our new launches are performing well and gaining traction. Godrej Fab and Goodknight Agarbatti are now among the leading players in their categories and continue to strengthen their market positions. Aer Plug, Amazon Woods 4X, and KS 99 have all met or exceeded launch expectations and are now being scaled up. In October, we also entered the Toilet Cleaner category — a close to Rs 3,000 crore segment growing at strong double digits. Our new brand, Godrej Spic, has been launched in select South Indian states, priced competitively at Rs 79 for 500 ml, marking an important step in expanding our Home Care portfolio. Our Indonesia business continues to face macro and pricing pressures, but delivered a stable UVG of 2%, with market share gains across all key categories. Revenue growth remained negative due to ongoing pricing challenges at -7%. In contrast, Africa, USA, and Middle East (GAUM) delivered 25% sales growth in Rs terms and 15% in constant currency and EBITDA growth of 20%, led by Hair Fashion and Air Fresheners. The launch of Aer Pocket has seen strong consumer response across these markets. As shared during our Investor Meet, we expect our performance to strengthen sequentially through FY26, with the second half delivering a stronger trajectory than the first. Demand trends are improving, and we remain confident of achieving high single-digit underlying volume growth (UVG) in our Standalone business and high single-digit revenue growth at a consolidated level. On profitability, our India (Standalone) and GAUM businesses are expected to deliver double-digit EBITDA growth. We faced unanticipated macroeconomic headwinds in both Indonesia and Latin America. Given the temporary pressures in these international markets, consolidated EBITDA growth may be marginally lower. Nevertheless, we remain firmly confident in our strategy, the resilience of our portfolio, and the strength of our brands. With disciplined execution and continued focus on innovation and operational excellence, we are well positioned to deliver sustainable and profitable growth in the periods ahead." Result PDF