Godrej Consumer Products Ltd's Bangladesh subsidiary achieved a significant milestone in FY26, returning to profitability after four years of losses. According to the company's annual report, Godrej Household Products (Bangladesh) Pvt. Ltd reported revenue of ₹191.4 crore in FY26, up nearly 40% from the previous year, and posted a profit after tax of ₹5.86 crore. This marked a dramatic turnaround from the loss of ₹9.6 crore reported in FY25, with the subsidiary having remained loss-making since FY23 despite steady sales growth.
The profitability turnaround was primarily driven by strong performance of the company's flagship mosquito repellent brand Goodknight. As reported in the annual report, the company achieved significant volume growth of over 30% in both Bangladesh and Indonesia through strategic initiatives including realignment of pricing to India levels, significantly increased media investments, and home-to-home sampling reaching more than 2 million households in Bangladesh. The company noted that liquid vaporisers, while a large category in India, were relatively nascent in these markets, leading to successful transformation of Bangladesh from a coils market to one led by electrics.
Beyond Bangladesh, other international operations showed mixed results. According to the company's annual report, the Sri Lanka subsidiary, Godrej Consumer Products (Lanka) Pvt Ltd, reported turnover of ₹97.26 crore in FY26, up 15.2% year-on-year, with profits after tax of ₹12.38 crore, up 33%. However, Indonesia operations faced challenges with the wholly owned subsidiary PT Godrej Consumer Products Indonesia reporting turnover of ₹1,972.3 crore in FY26, a slight decline from ₹1,994 crore the previous year, while profits after tax stood at ₹298.21 crore, down 14% year-on-year.
Looking ahead, the company plans to continue investing in category development and localizing operations to strengthen its international business. According to the annual report, the company expects Indonesia business revenue to grow in mid-teens led by double-digit volume growth, while the GAUM (Africa, US, and Middle East) business is anticipated to grow in strong double digits with volume growth in teens. Analysts at Nuvama Institutional Equities noted that competitive pressures have eased and the Indonesia business has returned to profitable growth, with broad-based growth anticipated across categories.
