Shares of Godrej Industries Ltd skyrocketed 9% on 13 February after the company reported healthy growth in its Q3 earnings. 

In its quarterly earnings for October-December, the company reported a 77% year-on-year increase in consolidated net profit to Rs 188 crore for the quarter under review compared to Rs 106 crore reported in the same quarter of the previous fiscal year. 

The revenue from operations of the company for the quarter stood at Rs 4,824.83 crore, marking a 34.3% YoY increase compared to Rs 3,590.08 crore reported in the same quarter last year. 

On the operating front, the earnings before interest, tax, depreciation, and amortisation (EBITDA) more than doubled by 113.75% YoY to Rs 596.8 crore against Rs 279.2 crore reported in the same quarter last year. The EBITDA margin expanded by 460 basis points to 12.4% in Q3FY25 against 7.8% during Q3FY24. 

Segment Performance Overview

Godrej Consumer Products Ltd (GCPL) reported a 14% year-on-year (YoY) decline in consolidated net profit (excluding exceptional items and one-offs) due to temporary challenges, while consolidated sales grew by 6%.

• Home care revenue increased by 4%, with household insecticides facing seasonal weakness, while air fresheners and fabric care saw strong double-digit volume growth.
• Personal care grew by 2%, with personal wash volumes declining in the mid-to-high single digits, though this was offset by price growth. Hair colour volumes grew mid-single digits, with Godrej Expert Rich Crème access packs recording double-digit growth.
• The sexual wellness segment also registered double-digit growth and gained market share.
• The chemicals segment performed exceptionally well, with Q3 revenue up 44% and profit before interest and taxes (PBIT) surging 266%. For the nine months ending December 2024, revenue increased 21%, while PBIT rose 36%.
• Exports, accounting for 30% of total revenue, saw a 58% jump in Q3 and a 23% increase for 9M FY25.

Godrej Properties

• Recorded Rs 5,446 crore in booking value for Q3 FY25, covering 4.07 million square feet of sales—marking the sixth consecutive quarter with bookings exceeding Rs 5,000 crore.
• Added four new projects, contributing 5.9 million square feet of saleable area with an estimated booking value of Rs 10,800 crore.
• Delivered 2.6 million square feet of projects across two cities in Q3, bringing the year-to-date (YTD) total to 11.9 million square feet.
• Raised Rs 6,000 crore in equity growth capital, achieving India’s largest QIP by a real estate company.

Godrej Agrovet

• EBIT per tonne increased by 45% YoY, rising from Rs 1,338 in Q3FY24 to Rs 1,935, driven by favourable commodity positions.
• The vegetable oil segment reported a 72% jump, fueled by higher realisations in crude palm oil and palm kernel oil, alongside improved oil extraction ratios.
• The crop protection business posted Rs 193 crore in consolidated revenue, down from Rs 222 crore YoY.
• The dairy segment saw flat revenue and margins YoY, as volumes remained stable under voluntary controls.

At 12:05 pm, the shares of Godrej Industries were trading 5.49% higher at Rs 857.25 on NSE.

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