Godrej Industries Q4 Results 

Godrej Industries

Godrej Industries Limited is the holding company for the Godrej Group. The company is headquartered in Mumbai, India. Godrej Industries is known for its strong commitment to sustainability, innovation, and quality. 

They aim to balance business success with social responsibility and environmental care. The company has a significant presence in both the Indian and international markets, reflecting its diverse operations and wide-ranging impact.

Godrej Industries Q4 Results 

 

Godrej Industries Q4 Results Highlights

Business and Financial Highlights for Q4 & FY 2023-24

Overall Performance for Q4 FY 23-24

• The sales volume increased by 12%.
• Total sales grew by 6%.
• Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 18% compared to the previous year.

Annual Performance for FY 23-24

• The total loss for the year was ₹561 crore.
• Losses due to special one-time expenses amounted to ₹2,477 crore.

Category Breakdown

• Home Care: Sales grew by 6%. Insecticide sales were low due to a long winter in the North and East. Non-mosquito products performed very well. Fabric care products saw strong double-digit growth. Air fresheners also had double-digit volume growth.
• Personal Care: Sales increased by 4%. Personal wash products had high single-digit volume growth. Market share increased due to effective advertising and targeted marketing. Hair color products saw double-digit volume growth, driven by Godrej Expert Rich Creme and Godrej Selfie Shampoo Hair Color.
• Park Avenue and KamaSutra: These brands maintained strong sales, totaling ₹137 crore.

Sales Highlights for Q4 FY 2023-24

• This quarter marked the highest sales for the company for the third consecutive quarter, with a total booking value of ₹9,519 crore.
• Four new projects were added, covering 11.2 million sq. ft. and with an estimated booking value of ₹12,800 crore.
• The company won 38 awards in Q4 FY24 and a total of 96 awards throughout FY24.

Sector-Specific Performance

• Animal Feed: Segment margin improved significantly compared to Q4 FY23 due to favorable commodity prices and higher revenue from cattle feed.
• Vegetable Oil: Despite a 6% growth in FFB volume, lower prices for crude palm oil and palm kernel oil resulted in reduced overall performance for FY24.
• Crop Protection Business: Revenue for Q4 FY24 was ₹254 crore, up from ₹242 crore in Q4 FY23.
• Dairy: The dairy segment saw significant margin improvement due to better operational efficiency and lower procurement costs compared to Q4 FY23.