Godrej Consumer Sees High Single-Digit Growth in March Quarter

Godrej Consumer Products Ltd. on Sunday said it expects consolidated organic revenue to grow in high single digits in the March quarter, supported by mid-single-digit volume growth.

The fast-moving consumer goods company also sees its standalone revenue rising in high single digits, with underlying volumes growing at a mid-single-digit pace. Standalone EBITDA margins are likely to remain similar to the December quarter, despite rising input costs.

Home care volumes grew in the mid-teens, helping drive overall growth, though personal care volumes declined in the mid-single digits due to ongoing price-volume rebalancing.

The company said it is largely on track to revive volume growth, maintain stable EBITDA margins, and deliver consistent performance in international markets during the quarter.

In its overseas business, Indonesia is expected to post mid-single-digit volume growth and a low-single-digit revenue rise. Organic operations in Africa, the US, and West Asia are likely to report strong double-digit growth in both revenue and volume.

Godrej Consumer highlighted continued cost pressure, especially from inflation in palm oil and related derivatives, but maintained a positive outlook on profitability.

The company’s strategy focused on holding margins while investing in growth appears to have supported steady performance in a volatile cost environment.

The update was shared in an exchange filing ahead of the company’s quarterly results.