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Godrej Industries Sees 81% Jump in Q1 Profit to Rs 322.49 Crore, Led by Higher Income

By GeoSquare News Desk · Published 2024-08-13

Godrej Industries Ltd, a leading Indian business conglomerate, has reported an impressive 81% increase in its consolidated net profit to Rs 322.49 crore for the April-June quarter of 2024. This significant jump in profit is attributed to higher income from its diverse business segments.

The company's total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, compared to Rs 4,893.40 crore in the corresponding period of the previous year. Godrej Industries has a significant presence in chemicals, estate management (real estate), finance, and investments.

On the performance of its subsidiaries, joint ventures, and associate companies, Godrej Industries reported that the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal. Godrej Properties, another subsidiary, saw its total income grow to Rs 1,638 crore in the April-June period of this fiscal, up from Rs 1,315 crore in the year-ago period.

However, Godrej Agrovet's total income declined to Rs 2,360 crore in the period under review, compared to Rs 2,522 crore a year ago. The revenue of the chemicals business rose to Rs 732 crore from Rs 726 crore.

According to the investor presentation, Godrej Industries has a significant stake in its subsidiaries, including 23.7% in Godrej Consumer Products Ltd (GCPL), 47.3% in Godrej Properties, 64.9% in Godrej Agrovet, and 89.8% in Godrej Capital.

Godrej Industries is a leading Indian business conglomerate with a diverse portfolio of businesses, including chemicals, real estate, finance, and investments. The company has a strong presence in the Indian market and has been expanding its operations globally.

Godrej Industries Ltd is a leading Indian business conglomerate with a rich history dating back to 1897. The company has a diverse portfolio of businesses, including chemicals, real estate, finance, and investments. Godrej Industries is committed to delivering value to its stakeholders through its innovative products and services.

for subsidiaries
Godrej Consumer Products Ltd (GCPL) is a leading Indian consumer goods company with a portfolio of brands in the personal care, hair care, and household care segments.
Godrej Properties is a leading Indian real estate developer with a strong presence in the residential and commercial segments.
Godrej Agrovet is a leading Indian agribusiness company with a portfolio of products in the animal feed, crop protection, and dairy segments.
Godrej Capital is a leading Indian financial services company with a portfolio of products in the retail and wholesale segments.