P&G India flags urban demand softness, crude cost squeeze even as Gillette FY26 profit jumps 23%
P&G India warns of weakening urban consumption and 30-50% crude-linked input cost inflation since March, while doubling down on India via Rs 2,000 crore Gujarat export hub, premiumisation and quick commerce. Gillette India posts FY26 revenue of Rs 3,100 crore (+8%) and profit of Rs 654 crore (+23%); PGHHCL Q4 revenue slips 5%.
What happened
P&G India warns of softening urban demand and rising crude-linked input costs, while reaffirming long-term India bets via innovation, quick commerce adaptation,
Key facts
- $2 billion FY24 India sales
- crude up 30-40-50% since March
- 85% Gillette products made domestically
- exports to ~10 countries
- Rs 20,000 crore invested over two decades
- Rs 2,000 crore Gujarat export hub
- PGHHCL Q4 net profit Rs 153 crore (-2% YoY)
- PGHHCL Q4 revenue Rs 941 crore (-5%)
- PGHHCL FY profit Rs 857 crore (+19%)
- Gillette India FY26 revenue Rs 3,100 crore (+8%)
- Gillette India FY26 profit Rs 654 crore (+23%)
Why this matters
P&G's Rs 2,000 crore Gujarat export hub signals India is becoming a global supply node—scout local contract manufacturers and packaging assets before valuations reset.