GST cut boosts demand, but short‑term inventory clearance slows orders and profits for GCPL now.

• One‑third portfolio, mainly soaps, now taxed at 5%, passed to consumers on September 22. Effective today.
• Home Care drives high‑single‑digit value growth; Personal Care declines low‑single‑digit due to soaps in the market.
• Internationally, Indonesia sees a low‑single‑digit decline; the GAUM region delivers double‑digit value, volume growth for the year.