Q1 saw a significant dip in profits for Godrej Industries. In an interview to CNBC-TV18, Adi Godrej, Chairman of Godrej Group spoke about the results of the group companies and his outlook for the same.
Poultry stocks have been on a tear and Godrej Industries is in focus as it holds just over 60 percent in Godrej Agrovet, which is into the poultry business. The Godrej Agrovet initial public offering (IPO) is likely to be announced soon to raise up to Rs 400 crore. Godrej Agrovet should do well and monsoon is shaping up very well, Adi Godrej, Chairman of Godrej Group told CNBC-TV18.
Godrej Group's FMCG unit Godrej Consumer Products has left demonetisation behind in and expects a better show in the fourth quarter ending March 2017. Adi Godrej, Chairman, Godrej Group, said consumption has picked up and FMCG business is doing good.
Going ahead, remonetisation will spur the company‘s earnings in the fourth quarter ending March 2017, Godrej Group Chairman Adi Godrej said, adding that GST rollout will fuel the company‘s and India's growth in FY18.
For his own company, he sees revenues growing by 5 percentage points with good monsoon and the GST.
Speaking to CNBC-TV18‘s Priya Seth, Adi Godrej said that good monsoons will help revive rural demand and expects FY17 to be good for Godrej Agrovet.
Creamline Dairy operates in Andhra Pradesh, Tamil Nadu, Karnataka as well as parts of Maharashtra and has a capacity of nearly seven lakh litre of milk processing a day with revenues of Rs 858 crore for the year-ended March, 2015.
Adi Godrej, Chairman, Godrej group says that going forward the entire sales growth is likely to come from volumes and that weakness in commodity prices will help boost margin.
Nadir Godrej, MD, Godrej Industries said, although one is happy that something is moving forward in terms of GST, the standard rate recommended is on the higher side.
Adi Godrej, Chairman at Godrej Industries, says all businesses did particularly well, especially Godrej Properties — its performance exceeded the entire previous year on topline
In an interview with CNBC-TV18's Priya Sheth, Godrej Group chairman Adi Godrej outlined the key performance areas and growth drives the company witnessed during the fiscal.
According to Sarang Wadhawan, vice-chairman and managing director of HDIL, builders are likely to pass through the complete increase.
Adi Godrej, chairman, Godrej Industries is confident that the constitutional amendment to goods and services tax (GST) will be passed in this Budget session. He expects FY16 GDP to be around 8.4-8.5 percent.
Adi Godrej is hopeful that the next year will be better for developing countries.
E&Y chairman and CEO James Turley says, in an interview to CNBC-TV18, that India will remain as one Ernst and Young‘s top destinations for long-term investment.
In an interview with CNBC-TV18, Adi Godrej, Chairman, Godrej Industries expects strong growth in Godrej Consumer Products in the next fiscal too. He said that the company is doing exceptionally well in the domestic front.
CNBC-TV18 finds out that Godrej Industries is looking to dilute promoter stake in the company through the institutional placement route.
To Adi Godrej chairman of Godrej Industries, the Finance Minister should work extremely hard to see that the goods and services tax is passed during the next financial year.
"I am disappointed with the multi-brand FDI decision not being implemented. Politics is again coming in way of economic reforms," said Adi Godrej, Chairman of Godrej Industries. In an exclusive interview to CNBC-TV18, Godrej said that India has sent a 'bad message' to the world with the failure of the reform.
Adi Godrej, chairman of Godrej Industries tells CNBC-TV18 that demand for property is going to remain sluggish in India. Speaking on the new land acquisition bill, Godrej said that it is unlikely to affect industrial development; however, he feels that the bill will be highly inflationary for affordable housing projects in urban areas.
With no clarity on policy and an impending slowdown in growth, what does the corporate sector look like? Adi Godrej, tycoon and chairman of Godrej Industries joins CNBC-TV18 to provide reprieve to the flared nerves.
Godrej Properties announced its first quarter results today. The company has clocked a smart growth in revenues, but profits came in at just Rs 10 crores, including Rs 4 crore of other income. Company chairman Adi Godrej said that the company is likely to see strong growth during the rest of the year on the back of the new projects.
Diversified conglomerate Godrej Industries reported 42.34% increase in consolidated net profit for the quarter ended March 31, 2011. The chairman Adi Godrej expects strong growth in FY12.
Regardless of the tepid IIP numbers, Adi Godrej, the Chairman of Godrej Industries defies any waning on consumer demand. In an exclusive interview with CNBC-TV18, he says, “The two year CAGR on IIP is quite high.” He is confident of witnessing high IIP numbers this year and expects GDP growth to continue to be good.
Pirojsha Godrej, ED, Godrej Properties, told CNBC-TV18 about the first project coming out of Vikhroli called ‘The Trees.’ “It is a 60:40 profit sharing JV agreement between Godrej Properties, which will get 60% of the profits and Godrej Industries, which will get 40% of the profits.