Godrej Industries Limited

Key Decisions and Approvals

1. Approval of Financial Results

The Board of Directors, upon recommendation of the Audit Committee, approved the Unaudited Financial Results (Standalone & Consolidated) as per Indian Accounting Standards (IND AS) for the quarter ended June 30, 2026.

The Board also took note of the Limited Review Report of the Statutory Auditors (Kalyaniwalla & Mistry LLP) on the Unaudited Financial Results for the quarter ended June 30, 2026. The Limited Review Report contained an unmodified conclusion with respect to both standalone and consolidated financial results.

2. Management Re-designation and Appointment

The Board approved the re-designation and appointment of Pirojsha Godrej (DIN: 00432983) as Whole-Time Director designated as 'Executive Chairperson' with effect from August 14, 2026, to August 13, 2031, subject to shareholder approval.

Pirojsha Godrej is a member of the Promoter Group and was previously appointed as Chairperson-Designate on April 13, 2026. He succeeds Nadir Godrej who retired as Chairman and Managing Director as part of a planned generational transition.

3. Updated Key Managerial Personnel for Regulatory Disclosures

The Board approved updated details of Key Managerial Personnel authorized to determine materiality of events and make disclosures to stock exchanges effective August 14, 2026:

  • Vishal Sharma, Executive Director and Chief Executive Officer (Chemicals)
  • Clement Pinto, Chief Financial Officer
  • Anupama Kamble, Company Secretary and Compliance Officer

4. Postal Ballot Approval

The Board approved the issuance of a Postal Ballot Notice dated August 13, 2026, to seek shareholder approval for Pirojsha Godrej's appointment. The cut-off date for determining shareholder eligibility was fixed as Friday, August 14, 2026.

Financial Results Summary

Consolidated Financial Highlights (₹ in Crore)

| Particulars | Q1 FY27 (Jun 30, 2026) | Q1 FY26 (Jun 30, 2025) | Year Ended Mar 31, 2026 |

| Revenue from Operations | 5,448.09 | 4,459.80 | 22,236.85 |

| Other Income | 912.21 | 1,259.17 | 3,743.75 |

| Total Income | 6,360.30 | 5,718.97 | 25,980.60 |

| Profit Before Tax | 732.20 | 1,058.56 | 3,393.43 |

| Net Profit After Tax | 523.36 | 725.35 | 2,411.91 |

| Net Profit Attributable to Owners | 284.36 | 349.22 | 1,240.53 |

| Net Profit Attributable to Non-Controlling Interest | 239.00 | 376.13 | 1,171.38 |

| Total Comprehensive Income Attributable to Owners | 278.03 | 365.98 | 1,473.30 |

| Earnings Per Share (Basic) | ₹8.44 | ₹10.37 | ₹36.83 |

| Paid-up Equity Share Capital | ₹33.68 crore | ₹33.68 crore | ₹33.68 crore |

Standalone Financial Highlights (₹ in Crore)

| Particulars | Q1 FY27 (Jun 30, 2026) | Q1 FY26 (Jun 30, 2025) | Year Ended Mar 31, 2026 |

| Revenue from Operations | 1,289.45 | 1,018.29 | 4,809.15 |

| Other Income | 37.23 | 42.38 | 279.68 |

| Total Income | 1,326.68 | 1,060.67 | 5,088.83 |

| Profit/(Loss) Before Tax | (5.41) | (29.98) | 61.02 |

| Net Profit/(Loss) After Tax | (5.41) | (29.98) | 61.02 |

| Earnings Per Share (Basic) | (₹0.16) | (₹0.89) | ₹1.81 |

Segment Performance (Consolidated)

Segment Revenue (₹ in Crore)

| Segment | Q1 FY27 | Q1 FY26 | Year Ended Mar 31, 2026 |

| Chemicals | 1,160.63 | 882.74 | 4,135.30 |

| Animal Nutrition | 1,302.09 | 1,156.24 | 4,941.54 |

| Veg Oils | 769.66 | 539.23 | 2,372.04 |

| Estate and Property Development | 1,334.86 | 1,619.10 | 8,504.33 |

| Finance and Investments | 965.63 | 672.44 | 3,257.18 |

| Dairy | 464.63 | 416.81 | 1,589.02 |

| Crop Care | 349.02 | 402.57 | 1,188.31 |

| Hospitality | 29.92 | 27.60 | 119.64 |

| Others | 135.01 | 250.63 | 1,030.91 |

| Total | 6,511.45 | 5,967.36 | 27,138.27 |

| Less: Inter-segment Revenue | 151.15 | 248.39 | 1,157.67 |

| Revenue from Operations | 6,360.30 | 5,718.97 | 25,980.60 |

Segment Results (PBIT) (₹ in Crore)

| Segment | Q1 FY27 | Q1 FY26 | Year Ended Mar 31, 2026 |

| Chemicals | 159.22 | 66.25 | 350.55 |

| Animal Nutrition | 84.69 | 14.10 | 346.93 |

| Veg Oils | 88.96 | 76.92 | 2,862.30 |

| Estate and Property Development | 501.82 | 920.57 | 460.90 |

| Finance and Investments | 100.41 | 128.41 | 19.68 |

| Dairy | 75.55 | 70.61 | 179.22 |

| Crop Care | 6.88 | 1.60 | 17.89 |

| Hospitality | 7.13 | 4.31 | 48.19 |

| Others | 26.48 | 116.46 | 4,592.34 |

| Total | 1,051.14 | 1,399.23 | 8,877.00 |

| Unallocated | (442.76) | (433.17) | (4,863.02) |

| Profit Before Share of Profit of Equity Accounted Investees | 608.38 | 966.06 | 4,013.98 |

Key Subsidiary Performance Updates

Godrej Consumer Products Limited (GCPL) - Associate Company (23.7% holding)

  • Q1 FY27 consolidated sales grew 19% YoY with underlying volume growth of 9%
  • Q1 FY27 consolidated net profit grew 11% YoY
  • Home Care grew 12% with strong performance in Household Insecticides, Air Fresheners, and Fabric Care
  • Personal Care grew 11% with strong momentum in Hair Colour and Skin Cleansing

Godrej Properties Limited (GPL) - Subsidiary (44.8% holding)

  • Booking value in Q1 FY27 grew to ₹8,651 crores, a 22% YoY growth
  • Sold 3,738 units with total area of 6.2 million sq. ft.
  • Added 3 new projects with estimated saleable area of 8.0 million sq. ft. and expected booking value of ₹9,500 crore
  • Delivered 0.9 million sq. ft. of projects in Q1 FY27
  • Total Income: ₹1,337 crore in Q1 FY27 vs ₹1,593 crore in Q1 FY26
  • Net Profit After Tax: ₹350 crore in Q1 FY27 vs ₹600 crore in Q1 FY26

Godrej Agrovet Limited (GAVL) - Subsidiary (65.1% holding)

  • Total Income: ₹2,870 crore in Q1 FY27 vs ₹2,626 crore in Q1 FY26
  • Net Profit After Tax: ₹135 crore in Q1 FY27 vs ₹161 crore in Q1 FY26
  • Animal Nutrition: Cattle feed volumes grew ~15% YoY
  • Vegetable Oil: Improved realizations and higher sales volumes
  • Crop Care: Segment income ₹349 crore vs ₹403 crore in Q1 FY26
  • Dairy: Healthy revenue growth driven by value-added products

Significant Corporate Developments

Employee Stock Grants

During the quarter ended June 30, 2026, the Company granted 35,998 stock grants to eligible employees under the Employee Stock Grant Scheme. Upon vesting, equivalent number of equity shares of nominal value of ₹1 each shall be issued.

Labour Code Implementation Impact

The Government of India notified four Labour Codes on November 21, 2025. The Company/Group accounted an additional gratuity and leave benefits liability of ₹65.81 crore (consolidated) and ₹8.21 crore (standalone) for the year ended March 31, 2026, as an Exceptional item.

Subsidiary Acquisition Activities

  • Godrej Agrovet Limited acquired 36.79% equity stake in Creamline Dairy Products Limited during Q1 FY25 for ₹708.58 crore
  • Further acquired 0.46% equity stake in Q2 FY25 for ₹8.93 crore, increasing stake to 99.78%
  • As of June 30, 2026, process ongoing to acquire balance 0.22% equity stake

Astec LifeSciences Rights Issue

Astec LifeSciences Limited (subsidiary of Godrej Agrovet) completed Rights Issue of 28,01,673 equity shares for aggregate amount not exceeding ₹249.35 crore at issue price of ₹890 per share. Godrej Agrovet participated, increasing shareholding to 67.03% as at June 30, 2026.

Pending Mergers and Reorganizations

  • NCLT order dated July 8, 2026, approved merger of Embellish Houses Private Limited with Godrej Properties Limited effective November 1, 2025. Formalties pending completion.
  • Board of Godrej Capital Limited approved scheme of amalgamation of Godrej Finance Limited with Godrej Capital Limited. RBI approval pending.

Investment Portfolio Valuation

| Company | Business | Holding % | Investment at Cost (₹ crore) | Market Value (₹ crore) |

| Godrej Consumer Products | FMCG | 23.7% | 1,366 | 24,527 |

| Godrej Properties | Real Estate | 44.8% | 2,732 | 25,171 |

| Godrej Agrovet | Agri-business | 65.1% | 1,068 | 6,969 |

| Godrej Investment | Financial Services | 100% | 4,283 | N/A |

| Godrej International | International Trading | 100% | 15 | N/A |

| Godrej International & Trading | Trading & Investments | 100% | 4 | N/A |

| Others | Various | Various | 46 | N/A |

| Total | | | 9,514 | |

Auditor's Review Scope Limitations

  • The consolidated financial results include 61 subsidiaries whose interim financial results reflect total revenues of ₹4,266.91 crore, net profit of ₹526.76 crore, and comprehensive income of ₹547.35 crore that were reviewed by other auditors.
  • Includes share of net profit of ₹126.68 crore and comprehensive income of ₹97.79 crore from 1 associate and 23 joint ventures not reviewed by the statutory auditors.
  • Includes 3 subsidiaries and 2 joint ventures with financial results not reviewed by their auditors, but considered not material to the Group.

#Tags: #GodrejIndustries #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral