In an interview with CNBC-TV18, Pirojsha Godrej, Executive Chairman of Godrej Properties spoke about the latest happenings in his company and sector. He was speaking from the side-lines of the Kotak Institutional Equities - Chasing Growth Conference.
With the introduction of real estate regulatory authority (RERA) and other steps there is a huge opportunity to also benefit from consolidation that is underway in this sector, Pirojsha Godrej, Executive Chairman of Godrej Properties said.
The company would pass on the benefits of the GST rate cuts to consumers as applicable, although exact quantum is being worked out, said Adi Godrej, Chairman, Godrej Group.
On the financial front, revenues grow by above 50 percent and both EBITDA and net profit increased by over 80 percent, said Pirojsha Godrej, Executive Chairman, Godrej Properties.
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.
Speaking exclusively to CNBC-TV18's Kevin Lee, Pirojsha Godrej, Chairman of Godrej Properties said that this year could be the company's best year for business development.
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.
The man known for spotting small, midcap stocks at the right time says more than two dozen themes are yet to be explored.
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.
According to Pirojsha Godrej, MD & CEO, Godrej Properties, the phase II sales figures have been good. He expects average realisations for phase II to be at least 10 percent higher than that of phase I.
Adhidev Chattopadhyay, Real Estate Analyst at Elara Capital likes Oberoi Realty, Godrej Projects from Mumbai and Sobha Developers, Prestige and Brigade Enterprises from Bangaluru.
Pirojsha Godrej, MD and CEO, Godrej Properties, sees Rs 700 crore revenue potential from the second phase, with average realisations at Rs 20,000 per sq ft. Additionally, 93 percent of the first phase was sold out within a month of its launch
The company plans to launch phase II of Trees project in coming weeks said, Pirojsha Godrej, MD & CEO Godrej Properties.
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.
Adi Godrej, Chairman at Godrej Industries, says all businesses did particularly well, especially Godrej Properties — its performance exceeded the entire previous year on topline
The project was being developed for Jet Airways on a 50:50 profit-sharing agreement.
Adi Godrej, chairman of Godrej Group, gave his views on the performance of Godrej Consumer Products and Godrej Properties. He also spoke about the crucial GST Bill.
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.
The company is set to announce substantially large launch plans for the next financial post the board meeting in fourth quarter, says Pirojsha Godrej of Godrej Properties.
According to Pirojsha Godrej of Godrej Properties the real estate market is likely to pick up in Mumbai and Haryana.
Godrej Properties announced its Q3 results today. Managing Director & CEO, Pirojsha Godrej in conversation with CNBC TV18‘s Manasvi Ghelani, talks about company‘s strong project pipeline despite dipping sales numbers and degrowth in the total income this quarter.
Godrej Properties hopes to post even better H2FY14 on the back of new project launches in the pipeline. Its management is also confident of no impact on the RoE due to its Rs 700 crore rights issue.
The Mumbai-based real-estate company, Godrej Properties has sold 150 apartments within three days of launching its affordable housing project in Ahmedabad, Pirojsha Godrej, MD & CEO, Godrej Properties said.