BSE FMCG Sector Regulatory Filings — May 13, 2026

Consolidated revenue up 11% YoY on 6% UVG, EBITDA +10% at 21.7% margins, PAT +10% in Q4 FY26

Standalone India sales +10% YoY on 8% UVG, EBITDA +18% to 24.7% margins driven by 12% Home Care value growth

Revenue presentation change netting customer spends off-topline per ICAI guidance, optically higher margins with no EBITDA/PAT impact

Appointment of experienced Mr. Girish Paranjpe as Independent Director (5-year term from June 1, 2026) post NRC recommendation, enhancing governance

International topline strong - Africa/USA/ME +20%, Latin America +26% YoY despite one-time costs

Senior management at 360 ONE Trinity India 2026 conference (May 28, 2026), platform for strategic updates sans UPSI

Board meeting May 22, 2026 for FY26 audited results (standalone/consolidated), trading window closed signaling disciplined insider policy

Indonesia stabilizing with 4% UVG and 3% sales growth QoQ, early recovery signal post pricing pressures

Postal ballot e-voting May 15-June 13, 2026 with results June 16, timely governance strengthening ahead of potential FY27 planning

Home Care outperforms Personal Care (12% vs 3% growth), segment pivot potential in investor meet insights

Domestic UVG 6-8% YoY across Godrej/Marico implied trends vs muted international, India focus as relative strength

Personal Care growth muted at 3% YoY with soaps weakness and sexual wellness declines

Africa/USA/ME EBITDA only +2% despite 20% topline on doubled media spends, profit leverage weak

Profit growth weaker over last two years due to stepped-up investments, potential FY27 margin pressure

Latin America 26% sales growth hit by one-time costs, execution risks in emerging markets

Mixed overall with strong India offset by international softness and investment drag

Trading window closed April 1-May 24, 2026 ahead of May 22 results, monitor for negative surprises

Investor conference May 28, 2026 with no UPSI shared, but any off-script comments could introduce volatility

Postal ballot cut-off May 8, 2026; low shareholder turnout risk on special resolution for director

Godrej Personal Care 3% lags Home Care 12% YoY, potential category rotation risk in FMCG

May 11, 2026 HQ meet on strategic vision/growth map post strong Q4, probe FY27 UVG guidance

May 22, 2026 board approval of FY26 audited results, position pre-close window for beats

E-voting May 15-June 13, 2026 on Independent Director; approval could boost sentiment ahead of AGMs

Senior mgmt at May 28, 2026 Trinity India conf, gain alpha from sector comparables and strategy hints

8% India UVG/10% sales YoY outperforms consolidated 6% UVG, bet on India recovery play

New revenue netting boosts reported margins (21.7% cons/24.7% India), undervalued vs peers on adjusted basis

12% value growth driver, potential re-rating if Personal Care turnaround guided in meets

Late-May events (May 22 results, May 28 conf, June 16 Marico vote), portfolio trade on FMCG event momentum

20-26% growth in Africa/LatAm despite costs, monitor investment ROI in upcoming calls

Godrej India standalone 8% UVG/10% sales +18% EBITDA YoY highlights FMCG core strength vs mixed global (6% cons UVG) [POSITIVE IMPLICATION: India overweight]

Godrej PAT growth slowed last 2yrs on media/capex hikes (intl EBITDA +2% vs 20% sales), common FMCG theme pressuring short-term ROE [CAUTION: Margin watch FY27]

4/4 filings flag May-June 2026 events (results May 22, conf May 28, vote June 13-16), clustered alpha potential [IMPLICATION: Event-driven trades]

Marico/S&S emphasize board actions (director appt, results), neutral but signals stability amid no insider activity [IMPLICATION: Low volatility base]

Godrej revenue netting per ICAI boosts optics (no EBITDA hit), potential sector peer adoption for margin comparability [IMPLICATION: Relative valuation uplift]

Godrej Indonesia +3% sales on 4% UVG stabilizing, but LatAm costs/Africa spends lag; FMCG export risks persist [IMPLICATION: Domestic bias]

Strategic vision/growth map details, May 11, 2026 already passed but follow-up filings for FY27 guidance

FY26 audited results approval, May 22, 2026; trading window reopens May 24, watch for surprises vs expectations

E-voting opens May 15 closes June 13, results June 16, 2026; monitor approval rate for governance sentiment

Senior mgmt at 360 ONE Trinity India 2026, May 28, 2026; track post-event disclosures for strategy hints

Personal Care 3% growth and intl EBITDA weakness, watch Q1 FY27 call for turnaround updates

Doubled media spends impact, monitor next earnings for ROI and margin guidance changes

S&S closed to May 24, 2026; watch peers for insider patterns post-results cluster

Mr. Paranjpe effective June 1, 2026; AGM/strategy sessions for initial contributions