The Godrej Group posted a steady set of second quarter earnings with improvement in margins this quarter led by real estate and vegetable oil segments.
Throwing more light on the quarterly performance, Adi Godrej, Chairman, Godrej Group told CNBC-TV18 that all their constituent businesses have performed well. He said they have fully recovered from the demonetistaion slowdown and from the slowdown pre-GST in month of June.
The GST implementation has also gone well. The Godrej Consumer Products business in particular has done well. Godrej Agrovet, which listed in October also did well.
Moreover, even though the real estate industry slowed down, Godrej Properties had its best two quarters ever in terms of booking sales, he said.
Talking about cut in GST rate for some of the items like hair colour, air fresheners etc, he said the company would pass on the benefits of the cut to consumers as applicable, although exact quantum is being worked out.
Price cuts will be in-line with competition, said Godrej.
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