The standalone business is expected to deliver double-digit underlying sales growth and high-single digit volume growth in Q4, in line with earlier guidance. Excluding soaps, volume growth continues to remain in double digits, placing the company among the faster-growing players in the sector. Growth was broad-based across categories, while EBITDA margins are likely to stay within the normative range, supported by cost savings during the quarter.
The company said demand trends in the Indian FMCG sector remained steady through Q4 FY26, aided by normalisation in trade channels following the GST transition and easing food inflation. It added that policy support, including personal income tax relief and GST rationalisation, is expected to help offset the impact of crude-led inflation going into FY27.
At the consolidated level, the company expects revenue growth to be close to double digits, maintaining a sequential improvement trend through the year, with EBITDA growth broadly in line with revenue.
However, the company flagged rising input cost pressures due to a sharp increase in crude oil prices towards the latter part of the quarter. It noted that higher crude prices have pushed up derivative input costs, and it is closely monitoring the situation while taking pre-emptive steps to mitigate the impact. With Brent crude in the range of $100–110 and palm oil prices at 4,500–4,800 MYR, the company expects a cost impact of 6–9%.
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Despite this, the company said it should be able to offset most of the cost increases through a mix of pricing actions, cost savings, and operating leverage. It expects inflationary pressures to persist into the first half of FY27 but plans to manage them through calibrated pricing and efficiency measures.
The company added that elevated costs could also support demand formalisation in certain categories, including household insecticides and laundry, which may aid growth. Even if costs remain at current levels, it expects to broadly stay on track with its original bottom-line plans for FY27 while accelerating revenue growth.On the international front, the Indonesian business showed signs of stabilisation, with mid-single-digit underlying volume growth expected in Q4 and continued market share gains across categories. The GAUM (Godrej Africa, USA, and Middle East) business also delivered a strong performance, with double-digit sales growth and high-single digit volume growth, driven by broad-based traction across geographies and categories.
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