Godrej Industries Share Price Jumps 8% After Q3FY24 Net Profit Surges to ₹106.4 crore

Shares of Godrej Industries Ltd surged after the business conglomerate posted robust financial results for the December quarter of FY24.

The company reported a 76.9% year-on-year (YoY) jump in net profit, reaching ₹188.2 crore, compared to ₹106.4 crore in the same period last year. This strong performance was further complemented by a substantial increase in revenue and operating profitability.

Revenue and EBITDA Growth

Godrej Industries’ revenue from operations rose by 34.4% YoY to ₹4,824.8 crore for Q3FY24, up from ₹3,590 crore in Q3FY23. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by an impressive 113.75% YoY, reaching ₹596.8 crore compared to ₹279.2 crore last year.

This strong EBITDA growth was reflected in a significant rise in EBITDA margin, which climbed to 12.4% from 7.8% in the corresponding quarter of the previous year.

Segment-wise Performance

• Godrej Consumer: 

GCPL saw a 14% YoY decline in consolidated net profit (excluding exceptional items and one-offs), impacted by temporary headwinds. However, consolidated sales grew by 6%.

In the home care segment, revenue grew by 4%, despite seasonal weakness in household insecticides, which was offset by strong double-digit growth in air fresheners and fabric care.

The personal care segment saw a 2% increase, with personal wash volumes declining in the mid-to-high single digits, while hair colour volumes grew in the mid-single digits, particularly driven by double-digit growth in Godrej Expert Rich Crème access packs.

Chemicals Segment:

The chemicals segment showed robust performance, with Q3FY24 revenue up 44% and profit before interest and taxes (PBIT) surging 266%. Exports contributed 30% of total revenue, with Q3 exports rising 58% and 9M FY25 exports increasing 23%.

• Godrej Properties: 

Godrej Properties recorded ₹5,446 crore in booking value for Q3FY25, driven by 4.07 million square feet of sales. This marks the sixth consecutive quarter with bookings above ₹5,000 crore.

The company added four new projects with a total saleable area of 5.9 million square feet, translating to an estimated booking value of ₹10,800 crore. It delivered 2.6 million square feet of projects in Q3, bringing the year-to-date total to 11.9 million square feet. Additionally, Godrej Properties raised ₹6,000 crore through India’s largest QIP by a real estate company.

• Godrej Agrovet: 

Godrej Agrovet posted a 45% YoY increase in EBIT per tonne, reaching ₹1,935, up from ₹1,338 in Q3FY24, driven by favourable commodity positions. The vegetable oil segment saw a 72% rise in results, benefiting from higher realisations in crude palm oil and palm kernel oil, along with improved oil extraction ratios.

The crop protection business experienced a decline in revenue, posting ₹193 crore compared to ₹222 crore in Q3FY23. The dairy segment saw flat revenue and margins YoY, due to stable volumes and voluntary controls.

Stock Performance 

On February 13, 2025, Godrej Industries share price traded 8.06% higher at ₹878.40 at 11:09 AM (IST). Godrej Industries’s share price reached a 52-week high of ₹1,313.95 on September 06, 2024, and a 52-week low of ₹724.35 on June 04, 2025. As per BSE, the total traded volume for the stock stood at 0.34 lakh shares with a turnover of ₹2.95 crore.

At the current price, Godrej Industries shares are trading at a price-to-earnings (P/E) ratio of 285.19x, based on its trailing 12-month earnings per share (EPS) of ₹3.08, and a price-to-book (P/B) ratio of 16.66, according to exchange data.

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