Guidance ledger · Q4 FY26

Godrej Consumer Products Ltd GODREJCP

4 revisions on record · 2 lowered · 2 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered India standalone EBITDA margin posture Q3 FY26 → Q4 FY26

~~24.8% reported, 'few quarters that we had of margin challenges is probably behind us'~~ → Q1/Q2 FY27 percentage margin pressure; 3-4 months dip; 21.5% normative not defended

“This quarter and next quarter, I expect some pressure on EBITDA percentage”

↑ raised Indonesia volume growth band Q2 FY26 → Q4 FY26

~~2% to 4% range for the next few quarters~~ → mid-single-digit volume, high single-digit value (5-6% UVG steady state)

“we will get in Indonesia is kind of mid -single-digit volume, high single -digit”

↑ raised Godrej Fab portfolio ARR / break-even Q1 FY26 → Q4 FY26

~~qualitative 'heading towards unprecedented levels of revenue in FY26'~~ → INR 500 crores GSV ARR / INR 450 crores NSV / broken even in Q4

“our ARR is about on GSV terms, about INR500 crores in quarter 4”

↓ lowered Blended company-level RM inflation Q3 FY26 → Q4 FY26

~~palm cycle digested, 24-26% normative band~~ → 7-9% blended inflation, USD 100-105 Brent / 4,500 MYR palm

“USD 100 to USD 105 Brent and 4,500 MYR CTO that's what we see”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.