Godrej Consumer Products Ltd. (GCPL) expects its India business volume growth to rebound to 6-7% by the first half of the next financial year, according to Aasif Malbari, Global CFO and President for the Middle East, Africa, and International Markets. The company anticipates a sequential improvement in performance, driven by stabilizing market conditions and strategic growth initiatives.
Regarding the company’s financial performance, Malbari noted that GCPL’s consolidated margins, historically fluctuating between 18% and 22%, have remained above 20% in the recent quarter. He also highlighted a significant improvement in international margins, which have expanded to 16% year-to-date (YTD) compared to 10% two years ago.
Regarding the Indian market, Malbari stated that margins are expected to recover within the next one to two quarters. However, he acknowledged that Q4FY25 could see some margin pressure due to the lingering effects of palm oil price volatility. While price adjustments have been made, he explained that it will take time for margins to normalize. 
“There is still some spillover impact of palm oil prices, and while we have implemented pricing measures, it will take time for margins to return to their normative range,” Malbari said.
The company remains optimistic about long-term growth, supported by market stabilization, margin recovery, and strategic pricing initiatives. These initiatives position GCPL for sustained profitability in both domestic and international markets.
