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Godrej Consumer stays steady as Q3 profits hold amid global market churn

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MUMBAI: Soap, hair colour and home care may be everyday staples, but their numbers still tell a story worth pausing for. Godrej Consumer Products Limited (GCPL) closed the December quarter of FY26 with steady growth, navigating cost pressures and volatile global markets while keeping profitability largely intact.

For the quarter ended December 31, 2025, GCPL reported consolidated revenue from operations of Rs 4,099 crore, up from Rs 3,768 crore a year earlier. Total income for the quarter stood at Rs 4,155 crore, reflecting modest but consistent top-line expansion across its key markets.

Net profit after tax came in at Rs 498 crore for the quarter, broadly flat compared to Rs 498 crore in the same period last year. While headline profit growth remained muted, the numbers suggest operational resilience rather than stagnation, especially in a quarter marked by currency movements and uneven consumer demand across geographies.

Operating performance showed familiar pressures. Profit before exceptional items and tax was Rs 791 crore in Q3 FY26, compared with Rs 687 crore a year ago. However, exceptional items amounting to Rs 91 crore pulled profit before tax down to Rs 700 crore.

For the nine months ended December 2025, consolidated revenue from operations stood at Rs 11,586 crore, up from Rs 10,766 crore in the same period last year. Net profit for the nine-month period came in at Rs 1,410 crore, marginally lower than Rs 1,440 crore in the previous year, reflecting higher costs and exceptional charges.

GCPL’s operating margin for the quarter was 21.6 per cent, compared with 20.1 per cent a year ago, signalling some improvement in operational efficiency. Net profit margin stood at 12.2 per cent, slightly below last year’s 13.3 per cent, underlining the tightrope FMCG players continue to walk between pricing, volumes and input costs.

India remained the company’s largest contributor, clocking segment revenue of Rs 2,510 crore in the quarter, up from Rs 2,262 crore a year earlier. Segment profit before tax, interest and exceptional items from India stood at Rs 606 crore, reinforcing the domestic market’s role as GCPL’s earnings anchor.

Africa, including the Strength of Nature portfolio, continued to show traction. The region delivered revenue of Rs 923 crore in the quarter, compared with Rs 772 crore last year, while segment profit rose to Rs 114 crore. Indonesia posted revenue of Rs 494 crore, though growth there remained relatively muted compared to Africa and India.

For the nine-month period, India contributed Rs 7,230 crore in revenue, Africa Rs 2,435 crore, and Indonesia Rs 1,422 crore, highlighting the company’s increasingly diversified earnings base.

On the cost front, raw material and packing material consumption rose to Rs 1,397 crore in Q3 FY26, while advertising and publicity spend stood at Rs 341 crore, reflecting continued investment behind brands even in a cautious demand environment.

Employee benefit expenses for the quarter were Rs 328 crore, up from Rs 296 crore a year ago, while finance costs remained largely stable at Rs 79 crore.

The balance sheet remained solid. GCPL reported a consolidated net worth of Rs 12,278 crore as of December 31, 2025. The debt-equity ratio stayed comfortable at 0.35, and the interest service coverage ratio stood at 8.17 times, indicating strong ability to service obligations despite global uncertainty.

Earnings per share for the quarter were Rs 4.87 on a basic and diluted basis, unchanged from the year-ago period. For the nine months ended December, EPS stood at Rs 13.78, slightly lower than Rs 14.08 last year.

Taken together, the December quarter was less about dramatic growth and more about holding ground. GCPL’s performance reflects a business balancing growth ambitions with margin discipline, particularly as emerging markets throw up uneven signals and input costs refuse to fully cool.

With India and Africa continuing to shoulder growth, and balance-sheet metrics remaining healthy, the company appears positioned to play the long game rather than chase short-term spikes. In an FMCG landscape where consistency increasingly counts as a win, GCPL’s latest numbers suggest it is content to keep its powder dry — and its shelves stocked.

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Delhivery chairman Deepak Kapoor, independent director Saugata Gupta quit board

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Gurugram: Delhivery’s boardroom is being reset. Deepak Kapoor, chairman and independent director, has resigned with effect from April 1 as part of a planned board reconstitution, the logistics company said in an exchange filing. Saugata Gupta, managing director and chief executive of FMCG major Marico and an independent director on Delhivery’s board, has also stepped down.

Kapoor exits after an eight-year stint that included steering the company through its 2022 stock-market debut, a period that saw Delhivery transform from a venture-backed upstart into one of India’s most visible logistics platforms. Gupta, who joined the board in 2021, departs alongside him, marking a simultaneous clearing of two senior independent seats.

“Deepak and Saugata have been instrumental in our process of recognising the need for and enabling the reconstitution of the board of directors in line with our ambitious next phase of growth,” said Sahil Barua, managing director and chief executive, Delhivery. The statement frames the exits less as departures and more as deliberate succession, a boardroom shuffle timed to the company’s evolving scale and strategy.

The resignations arrive amid broader governance recalibration. In 2025, Delhivery appointed Emcure Pharmaceuticals whole-time director Namita Thapar, PB Fintech founder and chairman Yashish Dahiya, and IIM Bangalore faculty member Padmini Srinivasan as independent directors, signalling a tilt towards consumer, fintech and academic expertise at the board level.

Kapoor’s tenure spanned Delhivery’s most defining years, rapid network expansion, public listing and the push towards profitability in a bruising logistics market. Gupta’s presence brought FMCG and brand-scale perspective during a period when ecommerce volumes and last-mile delivery economics were being rewritten.

The twin exits, effective from the new financial year, underscore a familiar corporate rhythm: founders consolidate, veterans rotate out, and fresh voices are ushered in to script the next chapter. In India’s hyper-competitive logistics race, even the boardroom does not stand still.

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Brnd.me enters Europe as haircare brands power global expansion

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Bengaluru:  Brnd.me, the global consumer brands company formerly known as Mensa Brands, has entered the European market following strong momentum across the Middle East, the United States and Canada.

The company has launched across the UK, Germany, France and Spain, with plans to expand into Italy, the Netherlands and Poland over the next year. The push is being led by its haircare and aromatherapy brands, Botanic Hearth and Majestic Pure, marking Brnd.me’s first structured expansion into Europe.

The European beauty market represents a total addressable opportunity of over $4 billion across haircare and aromatherapy, supported by high digital adoption and demand for accessible, performance-led products.

Brnd.me’s hair care and aromatherapy business currently operates at an annual run rate of around $6 million, with Botanic Hearth and Majestic Pure delivering roughly 10 per cent month-on-month growth, driven by expansion and rising repeat demand.

To support regional growth, the company has appointed a general manager based in Germany and is evaluating investments in warehousing and local team expansion.

Early traction has been strong. Within weeks of launch, Botanic Hearth’s rosemary hair oil ranked among the top five hair oils in Germany, signalling strong consumer pull in a competitive market.

Brnd.me founder and chief executive officer Ananth Narayanan, said Europe represents the next phase of the company’s international strategy. He added that the European business is expected to scale to a $10 million annual run rate by the end of 2026, with long-term ambitions to reach $60 million over the next six years.

The company’s Europe strategy centres on digital-first distribution, repeat demand and TikTok-led discovery, alongside direct-to-consumer expansion to strengthen brand equity and margins.

The move also aligns with growing EU–India trade engagement, supporting long-term sourcing and cross-border supply chains.

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TechnoSport taps quick commerce with launch on Slikk’s 60-minute platform

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NATIONAL: TechnoSport has launched on Slikk, the ultra-fast fashion app offering 60-minute delivery, as the activewear brand accelerates its push into quick commerce to capture Gen Z and young millennial shoppers.

The debut brings more than 150 high-performance styles to Slikk’s platform, with an average selling price of Rs 450, expanding TechnoSport’s reach across over 80 pin codes.

The partnership follows strong momentum for TechnoSport across Q-commerce channels, where the brand has recorded around 60 per cent volume growth over the past six months. The company expects quick commerce to contribute nearly 20 per cent of its revenue in the coming years as hyperlocal delivery gains scale.

Slikk, which recently raised $3.2 million in seed funding led by Lightspeed, has rapidly gained popularity among youth consumers seeking speed, trend relevance and impulse-led shopping experiences.

Activewear remains one of Slikk’s fastest-growing categories, driven by shoppers increasingly treating fitness-led fashion as an everyday essential. The platform has reported a 30-fold year-on-year increase in items sold, reflecting rising demand for performance wear that blends comfort with style.

TechnoSport chief executive officer Puspen Maity, said the collaboration would help the brand engage more closely with young consumers whose fashion choices are shaped by instant needs and lifestyle aspirations. He added that rapid delivery bridges the gap between intent and purchase, allowing shoppers to access activewear exactly when they want it.

 

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