Godrej Industries Reports 77% Surge in Q3 Net Profit, Driven by Chemicals and Real Estate
Godrej Industries Ltd reported a significant 76.9% year-on-year (YoY) increase in net profit to ₹188.2 crore in the third quarter of FY24. The conglomerate's EBITDA surged 113.75% YoY to ₹596.8 crore, with the EBITDA margin expanding to 12.4% from 7.8% in
Godrej IndustriesQ3 ResultsNet ProfitEbitdaReal EstateReal EstateFeb 12, 2025
The robust performance was driven by strong growth in the chemicals and real estate segments.
Revenue from operations surged 34.4% YoY to ₹4,824.8 crore, up from ₹3,590 crore in the same quarter of the previous fiscal.
At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) increased 113.75% YoY to ₹596.8 crore, marking a significant improvement from ₹279.2 crore.
The EBITDA margin expanded to 12.4% in the reporting quarter, up from 7.8% in Q3FY24.
Segment Performance
Godrej Consumer Products Ltd (GCPL)GCPL reported a 14% YoY decline in consolidated net profit (excluding exceptional items and one-offs) due to temporary headwinds.
However, consolidated sales grew 6%.
The home care segment saw a 4% increase in revenue, with household insecticides facing seasonal weakness.
Air fresheners and fabric care segments posted strong double-digit volume growth.
The personal care segment grew 2%, with personal wash volumes declining mid-to-high single digits, offset by price growth.
Hair colour volumes grew mid-single digits, and the Godrej Expert Rich Crème access packs showed double-digit growth.
The sexual wellness segment also experienced double-digit growth and gained market share.
Chemicals SegmentThe chemicals segment performed exceptionally well, with Q3 revenue increasing by 44% and PBIT (profit before interest and taxes) surging 266%.
For the nine months ending December 2024, revenue rose 21% while PBIT increased 36%.
Exports, which account for 30% of total revenue, saw a 58% rise in Q3 and a 23% increase for 9M FY25.
Godrej PropertiesGodrej Properties recorded a booking value of ₹5,446 crore for Q3 FY25 from 4.07 million square feet of sales, marking the sixth consecutive quarter with bookings above ₹5,000 crore.
The company added four new projects with a 5.9 million square feet saleable area and an estimated booking value of ₹10,800 crore.
In the third quarter, it delivered 2.6 million square feet of projects across two cities, bringing the YTD total to 11.9 million square feet.
Additionally, Godrej Properties raised ₹6,000 crore in equity growth capital through India’s largest QIP by a real estate company.
Godrej AgrovetGodrej Agrovet saw a significant 45% YoY increase in EBIT per tonne, rising to ₹1,935 from ₹1,338 in Q3FY24, thanks to favorable commodity positions.
The vegetable oil segment reported a 72% increase in results, driven by higher realizations in crude palm oil and palm kernel oil, along with improved oil extraction ratios.
However, the crop protection business posted ₹193 crore in consolidated revenue, down from ₹222 crore year-on-year.
The dairy segment’s revenue and margins remained flat YoY due to stable volumes with voluntary controls.
The results were announced after the close of market hours.
Shares of Godrej Industries Ltd ended at ₹812.10, down by ₹25.85, or 3.08%, on the BSE.
Frequently Asked Questions
What was the net profit of Godrej Industries in Q3 FY24?
Godrej Industries reported a net profit of ₹188.2 crore in Q3 FY24, a 76.9% increase from ₹106.4 crore in the corresponding period of the previous year.
How much did the EBITDA grow in Q3 FY24?
The EBITDA grew by 113.75% YoY to ₹596.8 crore in Q3 FY24, up from ₹279.2 crore in the previous year.
What was the performance of the chemicals segment?
The chemicals segment saw Q3 revenue increase by 44% and PBIT surge 266%. For the nine months ending December 2024, revenue rose 21% while PBIT increased 36%.
How did Godrej Properties perform in Q3 FY25?
Godrej Properties recorded a booking value of ₹5,446 crore for Q3 FY25 from 4.07 million square feet of sales, marking the sixth consecutive quarter with bookings above ₹5,000 crore. The company also added four new projects with a 5.9 million square feet saleable area and an estimated booking value of ₹10,800 crore.
What was the performance of Godrej Agrovet?
Godrej Agrovet saw a significant 45% YoY increase in EBIT per tonne, rising to ₹1,935 from ₹1,338 in Q3FY24. The vegetable oil segment reported a 72% increase in results, driven by higher realizations in crude palm oil and palm kernel oil.
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