Godrej Industries Q2 Results | Net profit jumps three-fold to ₹288 crore, revenue surges 22% to ₹4,805 crore

Godrej Industries Ltd on Wednesday reported a 229.98% year-on-year (YoY) jump in net profit at ₹288 crore for the second quarter that ended September 30, 2024.

In the corresponding quarter of the previous fiscal, Godrej Industries posted a net profit of ₹87.3 crore, the company said in a regulatory filing. The company's revenue from operations increased 22% to ₹4,805 crore as against ₹3,937.6 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 229.98% to ₹288 crore in the second quarter of this fiscal over ₹87.3 crore in the corresponding period in the previous fiscal.

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EBITDA margin stood at 12% in the reporting quarter as compared to 6.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Godrej Industries reported consolidated sales of ₹3,647 crore for Q2 FY2025. The Home Care segment saw a 12% growth, with Household Insecticides achieving mid-single-digit volume growth, Air Fresheners maintaining strong double-digit volume growth, and Fabric Care also achieving double-digit volume growth.

In Personal Care, the segment grew by 3%, with Personal Wash showing flat volume growth while continuing to gain market share. Godrej Properties Ltd (GPL) recorded a booking value of ₹5,198 crore in Q2 FY2025, adding 10 new projects year-to-date with a total estimated saleable area of approximately 13.9 million square feet and a potential booking value of ₹17,450 crore.

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GPL delivered projects totalling 6.6 million square feet across three cities in Q2, bringing the year-to-date delivery total to 9.3 million square feet, marking its highest Q2 and H1 deliveries. Godrej Agrovet Ltd's Animal Feed segment posted a 24% increase in margin year-over-year due to favourable commodity positions and cost optimization measures.

The Vegetable Oil segment saw a 7% margin increase, driven by higher realisations in Crude Palm Oil and Palm Kernel Oil, along with an improved Oil Extraction Ratio. The Crop Protection business, however, reported consolidated revenues of ₹297 crore in Q2 FY2025, down from ₹379 crore in the previous year’s corresponding quarter.

The Dairy segment's revenue increased by 3% year-over-year, with margins improving due to enhanced operational efficiencies and a better milk spread. The results came after the close of the market hours. Shares of Godrej Industries Ltd ended at ₹937.80, down by ₹15.50, or 1.63% on the BSE.

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