Godrej Industries shares rally 10% as Q3 earnings impress Street

Godrej Industries' share price has tanked nearly 20 percent in the last month.

Shares of Godrej Industries Ltd rallied as much as 10 percent to Rs 893 in early trade on February 13 after the company posted a strong set of numbers for the December quarter, with net profit surging 76.9 percent year-on-year to Rs 188.2 crore from Rs 106.4 crore in the same period last year. Revenue from operations jumped 34.4 percent to Rs 4,824.8 crore, up from Rs 3,590 crore a year ago.

The operating performance also saw a sharp improvement, with EBITDA more than doubling to Rs 596.8 crore, reflecting a 113.75 percent increase over last year’s Rs 279.2 crore. Margins expanded significantly to 12.4 percent in the quarter, compared to 7.8 percent.

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Among its key businesses, Godrej Consumer Products Ltd (GCPL) recorded a 14 percent decline in consolidated net profit (adjusted for exceptional items and one-offs), impacted by temporary headwinds, though consolidated sales grew 6 percent. Home care revenue rose 4 percent despite weakness in household insecticides, while air fresheners and fabric care reported strong double-digit volume growth. Personal care sales inched up 2 percent, with personal wash volumes declining in the mid-to-high single digits, offset by price increases. Hair colour volumes expanded in mid-single digits, with Godrej Expert Rich Crème access packs seeing double-digit growth. The sexual wellness category also reported double-digit expansion and market share gains.

The chemicals division delivered an impressive performance, with quarterly revenue climbing 44 percent, while profit before interest and taxes (PBIT) soared 266 percent. For the nine months through December 2024, revenue grew 21 percent and PBIT advanced 36 percent. Exports, which contribute 30 percent of total revenue, surged 58 percent in the December quarter and 23 percent over the nine months.

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Godrej Properties maintained its momentum, registering Rs 5,446 crore in booking value from 4.07 million square feet of sales during the quarter—marking the sixth straight quarter of bookings above Rs 5,000 crore. The company expanded its portfolio with four new projects, adding 5.9 million square feet of saleable area with an estimated booking value of Rs 10,800 crore. It also delivered 2.6 million square feet across two cities in Q3, bringing the year-to-date total to 11.9 million square feet. Additionally, it secured Rs 6,000 crore in equity growth capital through the largest-ever QIP by an Indian real estate firm.

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At about 10:30 am, shares of the company were trading at Rs 887, higher by 9 percent from the last close on the NSE. Godrej Industries' share price has tanked nearly 20 percent in the last month.

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