Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 Oct - GCPL inaugurates first phase of Kendal, Indonesia plant; IDR 500 billion investment expands capacity 15%.
Source: Bse
Godrej Consumer Products Limited (GODREJCP)
Large CapFMCG stocks · Large cap · NSE
Godrej Consumer Products Limited (GCPL) is an Indian consumer goods company focused on health and beauty products in emerging markets. Its strategy involves category development, portfolio transformation, and an operating philosophy of 'Less is more; Much less is much more'.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals15 Oct 2026 · screener
Latest result16 Aug, 12:35 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
22Bearishfull bear SMA stack · SMA20 -3.2% / mo · MACD + · near 52W low · sector -4.5pp vs Nifty 500 (3M)
Stock trend: 24
Sector RS: 18
Sector 3M: -10.2% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GODREJCPD candles · FIT view-22.3%Latest close ₹847.00 on 2026-10-19
Bar
-1.3%
RSI
39
MACD hist
2.66
52W pos
3%
2026-10-19O ₹858.00H ₹858.00L ₹843.40C ₹847.00Vol 7.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GODREJCPNifty FMCGNifty 500
- GODREJCP
- -20.5%
- Nifty 500
- -5.6%
- Nifty FMCG
- -10.5%
- Vs Nifty 500
- -14.9 pp
Chart stats
19 Oct 2026- From 52W high
- -33.5%
- 52W range position
- 3%
- ATR (14)
- 2.2%
- Volume vs 20D
- 0.76x
- Avg traded value
- ₹77.1 Cr
- 20D price channel
- ₹832.6 - ₹891
₹1,273.9
₹832.6 - ₹1,273.9
₹18.9
Latest completed session
20-session average
21.8% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST36
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average52
Revenue +15.4% · PAT +11.7% YoY
Technical
Bearish22
Price trend and sector-relative-strength timing.
Valuation
Legacy model-362.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence73
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 52/100margin compression · Rev +15% YoY · PAT +12% YoY · +8% QoQ
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹4,225 Cr | +15.4% | +8.3% |
| EBITDA | ₹801 Cr | +15.3% | -4.8% |
| Operating margin | 19.0% | +0 bps | -300 bps |
| PAT | ₹505 Cr | +11.7% | +11.7% |
| PAT margin | 11.9% | -39 bps | +36 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 43.00
- P/B
- 7.02
- EV/EBITDA
- 26.44
- Market Cap
- 89161.00Cr
Profitability
- ROE
- 16.10%
- ROCE
- 18.80%
- ROA
- 8.89%
- Dividend Y
- 2.30%
Growth (CAGR)
- Revenue 5Y
- 7.00%
- EPS 5Y
- 3.00%
- Revenue 3Y
- 4.00%
- EPS 3Y
- 5.00%
Balance Sheet
- Debt/Equity
- 0.35
- Interest Coverage
- 9.84×
- Altman Z
- 8.33
- Book Value
- 124.00
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 7/5
- OCF
- 2488.00 Cr
- EPS TTM
- 18.71
Shareholding
- Promoter Hold
- 53.06%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 9%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 4,225+8.3% vs prev
Net Profit
₹ CrLatest: 505+11.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 39.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~3.3% over last month) — short-term momentum negative.
- RSI(14) at 39 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
14
RS percentile
Stage 4 Downtrend
1M return
-3.7%
3M return
-20.5%
6M return
-25.7%
1Y return
-24.1%
RS 1D
+1
RS 20D
+5
Sector rank
#15
Industry rank
#26
Stage evidence
- Price is 15.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -3.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 74.99+0.09%
RS vs Nifty 50075
Valuation & peers
U-Score 36 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 36 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
WATCHLIST
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth6/25
Quality10/20
Balance Sheet10/15
Cash Flow4/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
36
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
36/100 · legacy band WATCHLIST
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 10/15 to the score.
- Quality contributes 10/20 to the score.
Main drags
- Fair-value margin of safety is negative at -362.4%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 6/25; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
43.0
PB
7.0
EV/EBITDA
26.4
ROE
16.1%
ROCE
18.8%
FCF Yield
—
Debt/Equity
0.3
MoS
-362.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
36
Previous: 36
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-362.4%
Previous: -362.4%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
36
36
36
36
36
36
36
36
36
36
36
36
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹228.48
-270.7% MoS
Growth-justified P/E
9.8
Growth-justified Value
₹183.17
-362.4% MoS
PEG
11.32
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
EMAMILTD
Large
Emami Limited
Consumer Goods
match 154
62
21.8
26.2%
+50%
UNDERVALUED
GILLETTE
Large
Gillette India Limited
Consumer Goods
match 150
69
35.2
66.5%
+21%
UNDERVALUED
HINDUNILVR
Large
Hindustan Unilever Limited
Consumer Goods
match 144
61
40.3
31.0%
+35%
UNDERVALUED
BAJAJCON
Small
Bajaj Consumer Care Limited
Consumer Goods
match 134
46
24.6
24.7%
-325%
FAIR VALUE
DABUR
Mid
Dabur India Limited
Consumer Goods
match 127
42
34.3
17.0%
-285%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-12T08:54:18.176Z
Management commentary snapshot
Q4 FY2026 sees consolidated revenue up 11% and EBITDA up 10%, driven by strong standalone performance. Standalone UVG was 7%, with Home Care leading growth. International segments showed mixed results, with Indonesia facing pricing pressure and Latin America impacted by one-time costs.
While standalone business delivered solid growth and margin expansion, international segments, particularly Indonesia and Latin America, show signs of stress. The accounting change for customer-related spends impacts revenue presentation, requiring careful re-evaluation of historical growth trends.
Current business mix
Q4 FY2026 Net Sales by Geography
Latest issuer-disclosed distribution across 4 reported categories.
Standalone60.2%
Indonesia12.7%
Africa, USA & Middle East20.6%
Latin America & Others8.1%
Growth engines
Standalone Home Care
Delivered double-digit sales growth (12% YoY) led by Household Insecticides, Air Fresheners, and Fabric Care.
Household Insecticides (Standalone)
Electrics delivered strong growth and gained market share; Incense sticks scaled up strongly.
Air Fresheners (Standalone)
Continued strong double-digit growth momentum across formats, gaining market share and leadership.
Hair Fashion (Africa, USA & Middle East)
Continued strong performance across key markets.
Capacity and execution
Godrej Spic Toilet Cleaner
Scaled up to pan-India post robust results in Tamil Nadu, targeting a ~3K crore category.
KS99 Perfumes & Deodorants
Delivered strong performance and scaled up pan-India.
Tailwinds
Improving Affordability
Soaps continue positive trajectory led by improving affordability post GST reduction.
Headwinds
Indonesia Pricing Pressure
Pricing pressure largely bottomed out; early signs of stabilisation.
Latin America & Others One-time Costs
EBITDA growth impacted by one-time costs.
Indonesia Distribution Arrangement Change
Sales growth includes impact of change in distribution arrangement (-2%).
Risk radar
Accounting Policy Change
New EAC opinion from ICAI requires reclassification of certain customer-related spends as reduction from revenue, impacting reported sales.
International Operating Conditions
Indonesia expects operating conditions to improve from FY27, indicating current challenges.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation primarily reports financial performance and growth metrics on a year-on-year basis, which is standard for assessing performance in a consumer goods business with potential seasonality.
Sector KPIs management disclosed
Consolidated Underlying Volume Growth (UVG)
6% YoY
Standalone Organic UVG
7% YoY
Consolidated Net Sales Growth
11% YoY
Standalone Net Sales Growth
10% YoY
Management forward view
Indonesia Outlook
Expect operating conditions to improve from FY27.
ESG Commitments
Committed to internal Scope 1 and 2 Net-zero by 2035, aligned with SBTi.
Sustainable Consumption
Completed community waste management projects in 5 municipalities in FY26, diverting 23,390 MT waste.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Indonesia Operating Conditions | Early signs of stabilisation, pricing pressure largely bottomed out. | Sustained improvement in operating conditions and sales growth from FY27. |
| Standalone Personal Care Growth | 3% YoY sales growth, with focus on upgrading consumers to handwash, bodywash, facewash. | Acceleration in Personal Care growth, especially premium formats, to match Home Care momentum. |
| Impact of Accounting Change | Reclassification impacts revenue from operations and certain ratios, but not EBITDA or PAT. | Clarity on the full impact of the accounting change on reported revenue trends and investor perception. |
| Africa, USA & Middle East Profitability | Strong topline growth (20%) but EBITDA growth only 2% due to doubling media spends. | Improved EBITDA growth as media spends normalize or drive higher leverage. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
73Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 72nd percentile of the scored universe and 30th percentile within FMCG. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
97 docs text-extracted · 33 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
72nd percentile
overall median 67 · FMCG: 30th pctile, median 79 · Large: 51st pctile, median 73
Evidence depth
Financial-only
97 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
67
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
75
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸7 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸OPM spread across recent quarters is 3%.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Godrej Consumer Products Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 2 Oct - The attached file is self explanatory
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 17 Sep - The attached file is self explanatory
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - The file attached is self explanatory.
Source: Bse
Concall transcript
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 7 Sep - Transcript of September 2 investor call: GCPL discussed R&D centre, Rizz/Zap launches, and growth strategy.
Source: Bse
Investor presentation
Announcement under Regulation 30 (LODR)-Investor Presentation 2 Sep - The attached file is self explanatory
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Aug - Godrej Consumer Products to hold analyst/investor group meetings on August 19 and 20, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 Aug - The attached file is self explanatory
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Aug - The attached file is self explanatory
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Jul - The attached file is self explanatory
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jul - The attached file is self explanatory
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 15 Jul
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.