Godrej Inds to do well despite sluggish economy: Adi Godrej

Adi Godrej, Chairman, Godrej Group is confident that the strength seen in performance of Godrej Industries will continue despite sluggish economic environment.

The company’s consolidated Q2 PAT jumped 22.1 percent at Rs 93.6 crore versus vs Rs 76.6 crore reported a in a year ago period. Consolidated total income rose 3 percent at Rs 2,038 crore against Rs 1,978 crore, year-on-year (Y-o-Y). Speaking at a press conference, he said Godrej Industries' performance has been commendable and the company’s consolidated EBITDA has increased 46.1percent at Rs 146.5 crore versus Rs 100.3 crore (Y-o-Y). “Godrej Properties has performed well despite the real estate sector not doing well. Godrej Agro’s performance was aided by good monsoon and the strong agricultural season,” he elaborated. Given the strong agricultural season, both Godrej Consumer Products and Godrej Agro will benefit from rural demand in the second half of this financial year, he added.