Godrej Industries on Tuesday announced its fiscal first quarter earnings with profit growth of 81.1 per cent at Rs 322.49 crore. The company had recorded profit at Rs 178.06 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 4,247.93 crore, down 5.7 per cent as against Rs 4,505.66 crore during the same period of previous financial year. The company EBITDA stood at Rs 333 crore, up 38.5 per cent YoY.
Godrej Industries’ Q1 performance across segments
Home Care: The company’s home care segment grew by 8 per cent. Household Insecticides volume growth was stable at low single digit, impacted by severe heat waves, while the Air Fresheners continued to consistently deliver double-digit volume growth. Fabric Care delivered strong double-digit volume growth.
Personal Care: Personal care category posted a growth of 6 per cent. Personal Wash delivered stable volume growth at low single-digit and Hair Colours volume remained flat and continued to gain market share. Park Avenue and KamaSutra continue to deliver a healthy sales run-rate, delivering sales of Rs 153 crore.
Chemicals: The category recorded consolidated revenue during Q1 at Rs 731.97 crore and exports for Q1FY25 stood at Rs 214 crore.
Real Estate: Godrej Properties recorded the highest quarterly booking value and volume amongst listed developers in India for the second consecutive quarter, the company stated. Booking value grew by 283 per cent to Rs 8,637 crore in Q1FY25. The business added 2 group housing projects in Pune and Bengaluru with estimated booking value of Rs 3,000 crore in Q1FY25.
Agri Business: Godrej Agrovet Limited posted total income at Rs 2360 crore and net profit at Rs 135 crore during the quarter. Animal Feed’s volume growth was impacted due to subdued milk prices and lower placements and the segment margin increased by 45 per cent as compared to corresponding quarter of the previous year considerably on account of favourable commodity positions. Vegetable Oil segment revenues were lower due to lower Fresh Fruit Bunch (FFB) arrivals margins were impacted due to lower oil extraction ratio. Crop Protection business recorded consolidated revenues at Rs 365 crore. Dairy business’ revenue remained flat as compared to corresponding quarter of the previous year, margins improved considerably due to significant improvement in operational efficiencies and improved milk spread.