India's Godrej Consumer expects high-teens revenue growth in second quarter

Business Recorder reported that India's Godrej Consumer Products expects second-quarter revenue to rise by a high-teens percentage, with growth spread across its businesses. The update was released on Monday, ahead of the company's first earnings under chief executive Aasif Malbari. Malbari took over as CEO and managing director after the long-time chief, Sudhir Sitapati, resigned suddenly in August.

The company expects volume on a consolidated underlying basis to expand at a high single-digit pace, while EBITDA should rise by double digits in the quarter ending September 30. In India, the standalone business is projected to lift revenue by the teens and underlying volume at a high single-digit rate, absorbing a drag of roughly 100 to 150 basis points from trade stock adjustments.

Godrej said input costs came under greater pressure during the quarter, as inflation picked up again in crude-linked derivatives, palm oil and other commodities. To offset this, the company is relying on measured price increases, savings on costs, supply-chain improvements and stricter cost control. Indonesia is forecast to deliver high-teens growth in revenue, while Africa, the USA and the Middle East should record strong double-digit gains in both revenue and volume. Godrej also stated that it is on course to achieve its fiscal 2027 outlook for the full year, and expects to surpass that in some segments.