Godrej Industries Q1 profit falls 19% even as revenue rises 22%; shares reverse early losses

Godrej Industries reported a 18.7% year-on-year decline in consolidated net profit for the quarter ended June 30, even as revenue and operating profit posted strong growth.

Consolidated net profit fell to ₹284 crore in the first quarter of FY27 from ₹350 crore a year earlier, according to an exchange filing.

Shares of Godrej Industries initially fell as much as 1.6% after the company announced its results on Thursday, August 13, before reversing course. The stock subsequently climbed as much as 3.3% during the session despite the decline in reported profit.

Revenue from operations rose 22.2% to ₹5,448.1 crore from ₹4,459.8 crore a year earlier.

Earnings before interest, taxes, depreciation and amortisation, or EBITDA, jumped 52.4% to ₹604.7 crore from ₹397 crore. The EBITDA margin widened to 11.1% from 8.9%.

The company said profit attributable to non-controlling interests isn't directly comparable with the year-earlier period because of changes in subsidiary Godrej Agrovet's ownership of Creamline Dairy Products.

Godrej Agrovet acquired a 36.79% stake in Creamline Dairy Products from the promoter group for ₹708.58 crore during the quarter ended June 2025 and another 0.46% for ₹8.93 crore in the September quarter, taking its holding to 99.78%.

As of June 30, Godrej Agrovet was in the process of acquiring the remaining 0.22% stake.

Godrej Properties booking value rises 22%

Godrej Properties, the group's real-estate business, reported booking value of ₹8,651 crore in the June quarter, up 22% from a year earlier.

The company sold 3,738 units spanning 6.2 million square feet during the quarter. It also added three projects with an estimated saleable area of about 8 million square feet and potential booking value of ₹9,500 crore.

Animal Nutrition volumes rise

Godrej Agrovet's Animal Nutrition business posted strong revenue growth, helped by higher volumes and improved realisations. Cattle-feed volumes increased about 15% from a year earlier.

Vegetable Oil business grows

Revenue at the Vegetable Oil business increased on improved realisations and higher sales volumes. Fresh-fruit-bunch volumes were broadly flat from a year earlier, when an early monsoon had boosted volumes.

Crop Care revenue declines

The Crop Care business was a weak spot, with segment revenue falling to ₹349 crore from ₹403 crore in the year-earlier quarter.

Dairy business posts healthy growth

The Dairy business reported healthy revenue growth, driven primarily by higher volumes of value-added products. Godrej Industries said sustained consumer demand and brand strength across key categories supported the performance.