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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.
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.
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, says Adi Godrej.
Godrej Industries posted a stellar 112 percent growth in net profit to Rs 179 crore during the December quarter on the back of a one-time gain.
FMCG firm Godrej Consumer Products will hike product prices in the current quarter (Q4) and in April-June as cost of some raw materials remains high, Chairman Adi Godrej said on Monday.
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.
In an interview with CNBC-TV18, Adi Godrej, CMD, Godrej Industries, speaks about the results and gives his outlook going forward.