Analysts/Institutional Investor Meet/Con. Call Updates

Godrej Consumer Products Limited Godrej One, 4th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai – 400 079, India Tel.: +91-22-2518 8010/ 8020/ 8030 Fax.: +91-22-2518 8040/ 8065/ 8069 Website: www.godrejcp.com CIN: L24246MH2000PLC129806 August 14, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Mumbai 400 051 Fort, Mumbai - 400 001 Symbol: GODREJCP Scrip Code: 532424 Dear Sir / Madam, Subject: Transcript of Conference Call with Investors and Analysts held on August 11, 2026 Please find enclosed herewith the transcript of Conference Call of Godrej Consumer Products Limited with the Investors and Analysts held on Tuesday, August 11, 2026, at 5.30 P.M. (IST). The aforesaid information is also being hosted on the website of the Company at the below mentioned weblink: https://www.godrejcp.com/investors/compliance-and-corporate-governance/stock-exchange-filings Kindly take the same on record. Thanking you, Yours faithfully, For Godrej Consumer Products Limited Tejal Jariwala Company Secretary & Compliance Officer (F9817) Encl: As above Godrej Consumer Products Limited Investor and Analyst Call August 11, 2026 MANAGEMENT: MS. NISABA GODREJ – EXECUTIVE CHAIRPERSON – GODREJ CONSUMER PRODUCTS LIMITED MR. AASIF MALBARI – MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER – GODREJ CONSUMER PRODUCTS LIMITED MR. VISHAL KEDIA – INTERIM CHIEF FINANCIAL OFFICER – GODREJ CONSUMER PRODUCTS LIMITED Page 1 of 15 Moderator: Ladies and gentlemen, good day and welcome to Godrej Consumer Products Limited Investor and Analyst Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Vishal Kedia, Interim CFO. Thank you and over to you, sir. Vishal Kedia: Good evening to all. Welcome to the con-call for Godrej Consumer Products Limited. We have with us Nisaba Godrej, Executive Chairperson, and Aasif Malbari, MD & CEO. We will start the call with opening remarks from Nisa and Aasif, and then open the floor for questions. Since we anticipate a lot of questions, we request all of you to please limit to two questions per turn, and then to reapply for the turn. Now I will hand over to Nisa for her opening remarks. Nisaba Godrej: Thank you, Vishal. Good evening. Thank you for making the time at such short notice. Yesterday, Sudhir Sitapati resigned as MD and CEO of GCPL. The Board met this afternoon and appointed Aasif Malbari as MD and CEO with immediate effect. We've also appointed Vishal Kedia as Interim CFO. I would like to take this opportunity to thank Sudhir for the bold thinking he has brought to GCPL over the last five years and wish him success in what comes next. As I shared with you at our AGM on Friday, we've done a credible job navigating a genuinely hard five years for FMCG. We have put real building blocks in place, but there's much more to be done to get from good to great. Our strategic direction is clear and strong. What we need is rigorous execution. Great to us is values and valuation, UVG and profit, core and new categories, India and international, measured by decidedly outperforming the market. As an Independent Director on the Boards of Mahindra and Airtel, I've had the privilege to see this decisive outperformance very closely over five years. I believe GCPL should aim for the same. At our Friday AGM, I shared a framework Aasif introduced. It moves the conversation from "Did we meet the plan?" to a harder question, if we put our hands on our hearts, "Does this really meet our high expectations?" I talked about the outstanding success of incense sticks, but how liquid vaporizers has not met our high ambitions post-RNF. I also mentioned that we need to move faster on scaling e- commerce, digital marketing, and AI. As global CFO, Aasif brings deep command of GCPL's strategic and operating rhythm. He's also led our Africa business from not-so-good to great. Africa's rapidly grown its margin-accretive FMCG portfolio, headlined by the highly successful launch of our air care category, while strengthening its traditional hair fashion business. This has resulted in EBITDA margins growing significantly, from 9% to 10% in FY24 to 15% in FY26. The Board and I believe this is exactly the kind of ambitious, disciplined execution rigor GCPL needs across all our businesses for our next chapter. Page 2 of 15 Aasif leads with humility and integrity, and we have complete confidence in him to accelerate GCPL's growth alongside our very strong team. I would now like to hand over to Aasif. Aasif Malbari: Thank you, Nisa. Good evening, everyone. Sudhir has been a colleague and a friend for over 25 years. He leaves GCPL stronger and me wiser, and I'm grateful to him for that. I hope you will join me in wishing him well. GCPL has always stood for trust, innovation, and boldness. I'm very grateful that Nisa and the Board have entrusted me to carry that forward. A fantastic team and I are committed to meeting their high expectations. Elevating performance in our core while accelerating new category growth. We have iconic brands and significant category development opportunities ahead of us, and I'm very excited to get started in my new role. Let me start with our FY27 guidance. The guidance remains unchanged: high-single-digit volume growth, double-digit revenue growth, double-digit profit growth. The leaders who ran the countries, clusters, categories remain the same. I have worked with them shoulder-to- shoulder over the past few years, and we will continue to do that. As I mentioned in my remarks on Friday, we are well-placed to exceed guidance in select areas. Over my career of 30 years, my time at GCPL has been the most rewarding and refreshing. This group, this company, and its promoters are genuinely special. Some of you have heard me share this previously one-on-one in various meetings. At GCPL, I have had an open canvas and the freedom to paint it. Be it as CFO, be it overseeing strategy, or as President of the Africa business. I would also echo this feeling on behalf of my leadership team. We believe that the strategy we shared with you in May continues to be the right one. Our categories are right, our markets are right, and our brands are iconic. What I bring in is more agility, faster decisions, shorter distance between seeing something and acting on it. Nisa spoke about good to great. For me, it is almost entirely a question of candour and pace, rather than of direction. GCPL has genuinely strong positions in categories with a great deal of headroom. Household Insecticides, Skin Cleansing, Hair Color, Air Care, Home Care liquids are categories where consumption per household in India remains well below where it should be. The opportunity in penetration and usage. It means our growth does not depend on taking share from someone else. My priorities going forward are clear. First is broad-based volume growth globally, getting more households to use our categories more often. Second, top-line growth that converts into profit growth over a reasonable period of time. Nisa spoke about the importance of "and": values and valuation, UVG and profit, core and new categories, India and international, measured by decisively outperforming the market. Africa, which is close to my heart, is a clear evidence of this. We fixed the fundamentals, double media investments, grew the business in strong double digits, and the margin improvement came with that. That is the model. Page 3 of 15 Third and most importantly is our people, the 13,000 Godrejites across the globe whose deep passion, expertise, and commitment make it possible for us to live our purpose a [Showing first 8,000 characters — download PDF for full document]