Page 2 - Godrej Group

Godrej Appliances expects its revenue to cross Rs 10,000 cr mark by FY26

The company has set a roadmap to enter the top three in terms of market share in key categories like air conditioners, refrigerators, and washing machines

Godrej Capital to enter affordable housing loan segment by December

Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment by December, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of the current financial year, its Managing Director Manish Shah said on Wednesday. The company currently manages an asset base of Rs 13,000 crore, after reaching an AUM of Rs 10,000 crore in FY24. It is now aiming to increase this to Rs 17,000 crore by FY25, with a target of expanding to Rs 30,000 crore by March 2026 and a longer-term goal of achieving Rs 50,000 crore in AUM by March 2028, Shah stated. The company's strategic focus will be on the small and medium enterprises (SME), micro, small, and medium enterprises (MSME), and home loan segments. As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year. "Our focus will be towards smaller loan amounts, aimed at meeting the needs of affordable ...

Godrej Properties tops among 21 realty cos with Q1 sales worth Rs 35k cr

India's 21 major listed real estate developers have together sold properties worth nearly Rs 35,000 crore during the latest June quarter with Godrej Properties reporting highest sale bookings. Except few, all major listed real estate developers have shown annual growth in sale bookings in the April-June quarter driven by strong consumer demand for residential properties, especially of luxury homes. According to the data compiled from regulatory filings, India's 21 major listed realty firms have reported combined sale bookings of Rs 34,927.5 crore in the first quarter of 2024-25 fiscal. Out of these combined sale bookings, bulk of pre-sales came from residential segment. In terms of sale bookings, Godrej Properties emerged as the largest listed player in the June quarter with pre-sales of Rs 8,637 crore. DLF Ltd, the country's largest realty firm in terms of market capitalisation, reported more than three-fold jump in its sale bookings at Rs 6,404 crore in the first quarter of this

Godrej Enterprises plans to invest Rs 4,000 crore in expansion, real estate

Executive Director Nyrika Holkar said the new investment aims to enhance the scalability of GEG's diverse businesses and refine its organisational culture to focus on agility and performance

Godrej Consumer Products Q1FY25 results: Net profit rises 41% to Rs 451 cr

Branded consumer goods makers have reduced prices to compete with smaller rivals that offer cheaper alternatives, which has negatively impacted top-line growth

Why are India's consumer durable makers locked in intense warranty war?

Brands are offering warranties on washing machines and dishwasher motors for up to 20 years, which are being marketed as 'lifetime' guarantees

Godrej refrigerator variant fails energy rating test: How to check yours?

The energy rating of any appliance measures between one to five, with five being the most energy-efficient level. This impacts the final value of the product as energy-efficient products are costlier

Godrej Storage Solutions to invest Rs 400 cr in new unit near Chennai

GSS said it has made significant investments to expand capacity and build capability to serve its customers

Adi-Nadir family to buy 12.65% stake in Godrej Ind from RKN Enterprises

RKN Enterprises is owned by Rishad Naroaji, a cousin of Adi Godrej, and his 12.65 per cent stake is worth Rs 3,858 crore as of Tuesday

Godrej Group's internal restructuring gets Competition Commission's nod

The Competition Commission of India (CCI) on Tuesday said it has approved the proposed internal realignment within the Godrej group. "The proposed combination relates to realignment of interests, legal ownership, and management of various entities within the Godrej group pursuant to an inter-se arrangement between the members of the Family Branches viz Adi Godrej and family (ABG Family), Nadir Godrej and family (NBG Family), Jamshyd Godrej and family (JNG Family) and Smita Crishna and family (SVC Family)," CCI said in a release. Such realignment will take place under the Family Settlement Agreement (FSA) dated April 30, 2024, executed by the family branches, it added. Under the terms of the FSA, the realignment will encompass entities like the GILAC Group Entities and G&B group entities, marking a strategic effort to streamline operations and consolidate governance structures within the conglomerate. The target enterprises forming part of the proposed combination include the ...

Godrej Appliances expects to join billion-dollar club on 30% topline growth

Home-grown firm Godrej Appliances expects to become a billion-dollar company by the end of this fiscal, led by a 30 per cent growth in topline, a senior company executive said. The company is "very optimistic" about the short-term and mid-term outlook of the domestic market, during which it will launch new products and has plans to launch around 50 new models across categories in FY25, its Business Head & Executive Vice President Kamal Nandi told PTI. Godrej Appliances, a unit of Godrej & Boyce, recorded 60 per cent overall growth in the first quarter, led by an unprecedented demand for air-conditioners. "We have registered over 60 per cent growth in Q1 and expect to close the quarter at 50-60 per cent growth. While demand is slower in the south and west, north and east are improving. Overall, we expect to close the quarter with over 50 per cent growth," Nandi said. In categories such as air-conditioner, Godrej Appliances recorded over 100 per cent growth in sales, as some ...

Godrej re-appoints Tanya Dubash as executive director, chief brand officer

The company also said that Dubash is not barred from holding the office of director by virtue of any order of the Securities and Exchange Board of India (SEBI) or any other such authority

Godrej Agrovet Q4 results: Net profit jumps to Rs 65.48 cr, revenue up 1.8%

Godrej Agrovet (GAVL) on Wednesday said its consolidated net profit jumped to Rs 65.48 crore in the March 2024 quarter from Rs 23.47 crore a year ago. Its total revenue from operations grew 1.87 per cent to Rs 2,134.28 crore during the quarter under review compared to Rs 2,094.99 crore in the year-ago period. "The financial year 2023-34 augured well for Godrej Agrovet in terms of a robust surge in profitability over FY23. This growth in profitability was primarily driven by the exceptional performance of the domestic crop protection business, structural turnaround of the dairy business, market share gains in Animal Feed and robust volume and margin growth in branded products in our poultry business," Godrej Agrovet Managing Director B S Yadav said. Shares of the company on Wednesday closed at Rs 586 apiece, up 4.23 per cent on BSE.

Godrej Properties reduces net debt by 10% in Q4 on strong cash flow

Realty firm Godrej Properties has reduced its net debt by 10 per cent in the latest March quarter to nearly Rs 6,200 crore on strong sales and collections of funds from customers, its executive chairperson Pirojsha Godrej has said. In an interview with PTI, Pirojsha said, "We have reduced our net debt by Rs 700 crore during Q4 (January-March quarter of 2023-24) because of strong operating cash flow." The company's net debt stood at Rs 6,198 crore as on March 31, 2024 as against Rs 6,903 crore at the end of the preceding quarter. Pirojsha attributed the reduction in the net debt to strong cash collections from customers. "We have reduced net debt even as we continue to acquire land parcels for future development," he observed. Asked about the guidance for net debt in the current 2024-25 fiscal, Pirojsha said, "Our debt equity ration was 0.62 at the end of the March quarter. We would like to keep our gearing ratio between 0.5 to 1:1." The net debt level may increase or decline in

Godrej group splits after 127 years: Who gets what

The 127-year-old, multibillion-dollar Godrej Group is splitting into two parts. The Godrej family has decided to amicably split the Godrej Group between patriarch Adi Godrej and his cousin Jamshyd

Share prices of Godrej Ind, Godrej Properties, Astec Lifesciences drop

Godrej Industries shares fell by 7 per cent to Rs 893 a share, while Godrej property's share fell by 4.4 percent to Rs 2,532 a share

This Godrej billionaire has decided to gift most of his shares to family

An author and a conservatist, Rishad Kaikhushru holds shares in several listed and unlisted Godrej companies worth Rs 7,050 crore

Biz split impact: Godrej stocks rally up to 9%; Godrej Properties down 4%

Shares of Godrej Group companies rallied up to 9 per cent in Thursday's trading session after the Group announced a split in the 127-year old family business.

Godrej family splits: How to trade listed top Godrej stocks on BSE, NSE?

Technical outlook on Godrej group listed stocks: Shares of Godrej family have delivered mind-boggling returns of up to 73 fold in the past years. Here's what to expect in the near term.

Godrej group splits after 127 yrs: What it means for listed Godrej stocks?

Godrej Group stocks: Most Godrej group stocks have performed well thus far in calendar year 2024 (CY24). Godrej Properties has been the top performer with a near 32 per cent rise in CY24