Godrej Consumer Products Limited Godrej Consumer Products has published the transcript of its September 2, 2026 investor and analyst conference call on its corporate website. The release provides detailed insights into the company's strategic roadmap, capital allocation plans, and operational updates following the recent leadership transition.

Senior management, including Managing Director and CEO Aasif Malbari and Interim CFO Vishal Kedia, participated in the discussion. The company issued the initial notice for the event on August 27, 2026, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations. The transcript was formally communicated to stock exchanges on September 7, 2026.

Conference Call Details

The virtual conference call was scheduled from 4:30 pm to 6:00 pm IST. Participants joined via Zoom or dial-in numbers provided for India and international locations. The company advised attendees to register and dial in 10 minutes prior to the start time to avoid connectivity issues.

International toll-free numbers were available for the USA, UK, Singapore, and Hong Kong. A Diamond Pass registration link was provided for secure access.

Strategic Priorities and Investments

During the call, management outlined key strategic initiatives aimed at achieving double-digit unit volume growth (UVG) and profit growth. A significant focus is on category development, particularly in Household Insecticides (HI), Air Care, and Skin Cleansing. The company announced an investment of approximately ₹150 crore to set up a state-of-the-art new R&D centre, doubling its current capacity. This investment aims to revitalize innovation in core categories.

Additionally, the company highlighted substantial investments in global go-to-market (GTM) capabilities and digital marketing. These combined investments are expected to reach approximately ₹200 crore per annum within the next 12 months. Management emphasized that while these investments may pressure short-term margins, they are critical for long-term sustainable growth.

Inventory Correction and Guidance

A key operational update involved the correction of trade inventory in India. The company plans to reduce excess inventory by ₹125 crore to ₹150 crore over the next three quarters. This correction is limited to the general trade channel in India and is intended to improve dealer ROI and align with improved supply chain planning capabilities. Despite this correction, management reaffirmed its FY27 guidance of high single-digit UVG for standalone operations and double-digit UVG on a consolidated basis.

New Product Launches and Portfolio Transformation

The transcript revealed several new product launches and portfolio transformation efforts:

• Godrej Rizz: Launched in Maharashtra, this dishwashing liquid focuses on grease cutting and viscosity at an MRP of ₹79.
• Godrej Zap: An online-only stain remover launch, leveraging learnings from the Indonesian market.
• Godrej Hair Lab: A premium hair colour product under the new "G Labs" initiative, featuring a patented single-step formulation.
• Pet Care: The business has reached an annual run rate (ARR) of ₹10 crore, with targets to scale to ₹50 crore by FY27 end and ₹500 crore by FY30.

Capital Allocation and Dividend Policy

Management reiterated its commitment to a minimum dividend payout ratio of 50% of PAT, noting that it has been paying 100% recently. The company remains open to mergers and acquisitions (M&A) primarily in India, focusing on high-conviction ideas with strategic fit and potential for multiple expansion. Capex cycles are nearing completion, with maintenance capex expected to align with depreciation levels post-FY28.

Recording and Transcript Access

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, both the audio/video recording and the transcript have been hosted on the company’s website. Investors can access these materials via the compliance and corporate governance section of the site.

Regulatory Compliance

The announcement regarding the recording and transcript was signed by Tejal Jariwala, Company Secretary and Compliance Officer. Presentations made during the event are submitted to the stock exchanges and hosted on the company’s website. Investors are advised that any forward-looking statements are subject to risks and uncertainties.

Godrej Consumer Products has issued a postal ballot notice seeking shareholder approval for the appointment of Aasif Malbari as Managing Director and Chief Executive Officer. The appointment is for a five-year term commencing August 12, 2026.

The Board of Directors approved the proposal on August 11, 2026, following a recommendation from the Nomination and Remuneration Committee. Shareholders holding shares as of September 1, 2026, are eligible to vote via remote e-voting through Central Depository Services (India) Limited.

Appointment Details

Mr. Malbari, a Chartered Accountant and Company Secretary, currently serves as the Global Chief Financial Officer of the company. He joins the board as an Additional Director effective August 12, 2026, pending shareholder ratification. His last drawn remuneration in FY25-26 was ₹11.03 crore.

The proposed resolution designates him as Managing Director & CEO, liable to retire by rotation. The Board cited his extensive experience in the FMCG and auto industries, including roles at Tata Motors and Hindustan Unilever, as key factors in the decision.

Remuneration Structure

The compensation package includes fixed pay, performance-linked variable remuneration, and long-term incentives. The annual fixed remuneration is capped between ₹7 crore and ₹14 crore. Performance-linked variable remuneration targets range from ₹6 crore to ₹12 crore annually, with payouts tied to metrics such as underlying volume growth, sales growth, consolidated PAT, and free cash flow.

Long-term incentives are subject to malus and clawback provisions under the Employee Stock Option Scheme. Vesting is linked to profitability and long-term value creation metrics.

Voting Schedule

Remote e-voting begins on September 8, 2026, at 9:00 am and concludes on October 7, 2026, at 5:00 pm. The results will be announced on or before October 9, 2026. The notice is available on the company website and the CDSL e-voting platform.