Q2 FY27 update: high-teens consolidated revenue growth, double-digit EBITDA growth expected

Company expects a strong Q2 FY27: high-teens revenue growth, high-single-digit underlying volume growth and double-digit EBITDA growth at the consolidated level.

Mon 5 Oct 2026

Consolidated revenue growth expectation

high-teens revenue growth

Consolidated underlying volume growth expectation

high-single-digit underlying volume growth

Consolidated EBITDA growth expectation

double-digit EBITDA growth

Standalone trade inventory correction impact

estimated 100–150 basis points impact from trade inventory correction

Input cost trend

Commodity inflation persists

Quarterly Update Q2 FY27

• The company has shared an overall summary of the operating performance and demand trends for the quarter ended September 30, 2026.
• The update is based on internal unaudited management reports.
• A detailed performance update will be shared following the Board of Directors' approval of the Q2 FY27 financial results.

Consolidated expectations

• Revenue growth in the high teens
• Underlying volume growth in the high single digits
• EBITDA growth in the double digits

The update describes these growth rates in bands rather than as a single exact number, so they indicate the direction and broad magnitude of expected performance, not a precise reported outcome.

Standalone business

• Revenue growth expected in the teens, with high-single-digit underlying volume growth
• This is despite an estimated impact of approximately 100–150 basis points from trade inventory correction
• Performance supported by healthy growth across both the Personal Care and Home Care portfolios, reflecting broad-based performance

Indonesia

• Expected to deliver high-teens revenue growth, supported by high-single-digit volume growth
• Driven by improved execution, sustained market share momentum and healthy category trends

The GAUM business (Godrej Africa, USA and Middle East)

• Expected to deliver another outstanding quarter, with robust double-digit revenue and volume growth
• Growth continues on the back of market development of the core categories and portfolio transformation through scaling the FMCG categories

Demand and cost backdrop

• Consumption was impacted by uneven monsoon conditions led by an intensifying El-Niño, along with inflationary pressures across several commodity-linked inputs, with a supportive comparator this quarter.
• Input cost pressures intensified: while certain commodities had shown signs of moderation towards the end of Q1 FY27, Q2 saw renewed inflation across key raw-material baskets, including crude-linked derivatives, palm oils and other commodity inputs.
• The company says it is responding through calibrated pricing actions, cost-saving initiatives, supply-chain efficiencies and disciplined cost management, and will continue to prioritise volume-led growth.

Full-year outlook

• The company states it remains firmly on track to deliver its guidance for the full year, with confidence to exceed the same in select areas, supported by broad-based performance across businesses.

About the company (as stated)

• A leading emerging markets company with a legacy of over 125 years and the patronage of 1.4 billion consumers globally
• Among the largest Household Insecticide and Hair Care players in emerging markets, and the number one player in Air Fresheners and Wet Tissues in Indonesia

Points to keep in mind

• These figures are expectations for the quarter, not reported financial results yet.
• The communication carries a forward-looking statement disclaimer: such statements are subject to risks and uncertainties that may cause actual results to differ substantially.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.