The owner of well-known brands including Godrej No.1, Cinthol, Godrej Expert, and Ezee, said nearly one-third of its product portfolio is now taxed at 5%, down from 18%, following the latest GST reforms. The affected products include toilet soaps, talcum powders, shampoos, and shaving creams.
The tax benefit has been passed on to consumers from September 22, 2025, which is expected to support volume-led growth and long-term value creation, the company said.
Domestically, the standalone business is projected to see mid-single-digit value growth, with underlying volume growth (UVG) in low-single digits. The home care portfolio is showing strong momentum, posting high-single-digit value growth, while personal care is expected to decline in the low-single digits, primarily due to soaps.
Internationally, performance is mixed. The Indonesia business faces intense pricing pressure, with low-single-digit value decline but slightly positive UVG, whereas the GAUM markets (Africa, USA, Middle East) are set to deliver double-digit value and volume growth for the third consecutive quarter.
Godrej Consumer, which is a leading player in the personal care, home care, and international consumer products segments, cautioned that the GST transition may temporarily impact EBITDA due to short-term trade disruption as channels clear old inventory with pre-GST cut labels. Despite this, the company remains optimistic about its performance in the second half of the financial year.
Godrej Consumer has operations across India, Africa, Southeast Asia, and the Middle East. Its business spans toiletries, hair care, household insecticides, and home cleaning products, with a strong focus on premium and mass-market segments.
Shares of Godrej Consumer Products Ltd ended the day marginally higher at ₹1,152.45 on the BSE.
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