Date: November 13, 2026

Board Meeting Outcomes

The Board of Directors of Godrej Industries Limited at its meeting held on November 13, 2026, approved the Unaudited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended September 30, 2026.

Financial Results (Consolidated)

Q2 FY27 Performance (₹ crore)

  • Total Income: ₹8,387 (vs ₹6,290 in Q2 FY26, +33%)
  • PBDIT: ₹1,653 (vs ₹1,428 in Q2 FY26, +16%)
  • Depreciation: ₹149 (vs ₹121 in Q2 FY26)
  • PBIT: ₹1,503 (vs ₹1,307 in Q2 FY26, +15%)
  • Interest: ₹807 (vs ₹584 in Q2 FY26)
  • Net Profit: ₹560 (vs ₹242 in Q2 FY26, +131%)

H1 FY27 Performance (₹ crore)

  • Total Income: ₹14,747 (vs ₹12,009 in H1 FY26, +23%)
  • PBDIT: ₹3,263 (vs ₹3,176 in H1 FY26, +3%)
  • Depreciation: ₹283 (vs ₹234 in H1 FY26)
  • PBIT: ₹2,980 (vs ₹2,942 in H1 FY26, +1%)
  • Interest: ₹1,552 (vs ₹1,160 in H1 FY26)
  • Net Profit: ₹844 (vs ₹592 in H1 FY26, +43%)

*Including share of profit in associates & exceptional items. Net profit includes share of profit in associate companies, post reduction of non-controlling interest.

Segment Contribution - Q2 FY 2026-27

| Segment | Revenue (₹ Cr) | Revenue Mix (%) | PBIT (₹ Cr) | PBIT Mix (%) |

| Estate & Property Development | 2,562 | 29.0% | 123 | 12.4% |

| Finance & Investments | 1,779 | 20.2% | 485 | 48.8% |

| Animal Nutrition | 1,387 | 15.7% | 94 | 9.5% |

| Chemicals | 1,335 | 15.1% | 114 | 11.5% |

| Veg Oils | 913 | 10.3% | 165 | 16.6% |

| Dairy | 415 | 4.7% | (4) | - |

| Crop Care | 272 | 3.1% | (6) | - |

| Others | 133 | 1.5% | 6 | 0.6% |

| Hospitality | 30 | 0.3% | 6 | 0.6% |

Segment Contribution - H1 FY 2026-27

| Segment | Revenue (₹ Cr) | Revenue Mix (%) | PBIT (₹ Cr) | PBIT Mix (%) |

| Estate & Property Development | 3,897 | 25.4% | 625 | 31.1% |

| Finance & Investments | 2,745 | 17.9% | 585 | 29.1% |

| Animal Nutrition | 2,689 | 17.5% | 178 | 8.9% |

| Chemicals | 2,495 | 16.3% | 273 | 13.6% |

| Veg Oils | 1,682 | 11.0% | 254 | 12.6% |

| Dairy | 880 | 5.7% | (6) | - |

| Crop Care | 621 | 4.0% | 70 | 3.5% |

| Others | 268 | 1.7% | 13 | 0.6% |

| Hospitality | 59 | 0.4% | 13 | 0.6% |

Revenue mix represents segment revenue as a share of total segment revenue. PBIT mix represents segment PBIT as a share of total PBIT of profit-making segments. Numbers are before elimination of inter-segment transactions.

Group Performance Highlights

Godrej Consumer Products Limited (GCPL)

Financial Highlights (₹ crore)

  • Q2 FY27 Total Income: ₹4,464 (vs ₹3,771 in Q2 FY26)
  • Q2 FY27 PAT: ₹523 (vs ₹459 in Q2 FY26)
  • H1 FY27 Total Income: ₹8,740 (vs ₹7,425 in H1 FY26, +18%)
  • H1 FY27 PAT: ₹1,027 (vs ₹912 in H1 FY26, +13%)

Business Highlights for Q2 FY 2026-27

  • Consolidated sales grew 19% YoY (15% in constant currency) on 8% underlying volume growth
  • EBITDA grew 12% with 18.7% operating EBITDA margin
  • Net profit grew 14% despite significant commodity inflation
  • Home Care grew 19% YoY: Household Insecticides gained share, Air Fresheners and Godrej Fab sustained double-digit growth
  • Personal Care grew 8% YoY: Soaps stable despite price increases, Hair Colors gained share
  • Indonesia sales grew 20% with 8% underlying volume growth
  • Africa, USA & Middle East: Sales and EBITDA grew 40% and 43% respectively

Godrej Chemicals

Financial Highlights (₹ crore)

  • Q2 FY27 Total Income: ₹1,335 (vs ₹1,059 in Q2 FY26, +26%)
  • Q2 FY27 PBIT: ₹114 (vs ₹97 in Q2 FY26, +18%)
  • H1 FY27 Total Income: ₹2,495 (vs ₹1,942 in H1 FY26, +28%)
  • H1 FY27 PBIT: ₹273 (vs ₹183 in H1 FY26, +49%)

Business Highlights

  • Sales volumes grew 13% in Q2 FY27 (11% in H1 FY27)
  • Exports grew 10% in both Q2 and H1 FY27; exports were 27% of segment revenue
  • Received the CII National Award for Excellence in Energy Management
  • Strong performance driven by response to West Asia war and demand supply mismatch

Godrej Properties Limited (GPL)

Financial Highlights (₹ crore)

  • Q2 FY27 Booking value: ₹8,008 (vs ₹8,505 in Q2 FY26)
  • Q2 FY27 Total Income: ₹2,575 (vs ₹1,867 in Q2 FY26)
  • Q2 FY27 PAT: ₹154 (vs ₹405 in Q2 FY26)
  • H1 FY27 Booking value: ₹16,659 (vs ₹15,587 in H1 FY26, +7%)
  • H1 FY27 Total Income: ₹3,912 (vs ₹3,460 in H1 FY26)
  • H1 FY27 PAT: ₹504 (vs ₹1,005 in H1 FY26, -50%)

Business Highlights

  • Received 59 awards in Q2 FY27

Godrej Agrovet Limited (GAVL)

Financial Highlights (₹ crore)

  • Q2 FY27 Total Income: ₹3,017 (vs ₹2,575 in Q2 FY26)
  • Q2 FY27 PAT: ₹115 (vs ₹93 in Q2 FY26)
  • H1 FY27 Total Income: ₹5,887 (vs ₹5,201 in H1 FY26, +13%)
  • H1 FY27 PAT: ₹250 (vs ₹253 in H1 FY26, -1%)

Business Highlights

  • Animal Nutrition: 14% revenue growth in Q2 FY27 led by ~11% higher realizations and ~3% volume growth
  • Oil Palm: Revenue up 28% in Q2 FY27 led by higher CPO (+23%) and PKO (+20%) realizations; FFB volumes increased by ~14%
  • Crop Care: Segment Income stood at ₹272 crore vs ₹213 crore in Q2 FY26
  • Foods: ~8% revenue growth in Q2 FY27 led by ~50%+ growth in B2C segment
  • Dairy: 6% revenue growth in Q2 FY27 led by pricing actions and ~12% growth in value-added products

Godrej Capital

Financial Highlights (₹ crore)

  • H1 FY27 Total Income: ₹1,748 (vs year-ago period, +65%)
  • H1 FY27 PAT: ₹150 (vs year-ago period, +121%)

Corporate Structure & Shareholding Pattern

Shareholding Pattern (as on September 30, 2026)

  • Promoter: 74.6%
  • Godrej Foundation: 10.0%
  • FII: 4.5%
  • DII: 3.7%
  • Others: 7.2%

Note: This is the resultant fully diluted shareholding after Closing of the Temasek investment. The holding as at 30th September is ~91%.

Investment Portfolio Valuation

| Company/Business | Holding (%) | Investment at cost (₹ crore) | Market value (₹ crore) |

| Godrej Properties (GPL) | 44.8% | 2,732 | 21,897 |

| Godrej Consumer Products (GCPL) | 23.2% | 1,337 | 20,298 |

| Godrej Agrovet (GAVL) | 65.0% | 1,068 | 7,796 |

| Godrej Capital | ~180% | 4,618 | 18,250-20,850 |

| Godrej Chemicals | 100% | - | 8,000-10,000 |

| Others | 100% | - | ~1,500 |

| Total | | | 77,500-82,500 |

| Less: GIL standalone net debt | | | 10,443 |

| Implied value of GIL's stakes (net) | | | 67,000-72,000 |

| Current market value of GIL | | | 34,972 |

| Implied conglomerate discount | | | ~10% |

Group Context

  • $7 bn in annual sales
  • $1 bn+ people globally use a Godrej Industries Group product
  • $19 bn combined market cap of Group companies
  • 25-year stock price CAGR (since June 2001): 26%
  • ₹1 invested in Godrej Industries in 2001 is now worth ₹347 vs ₹22 for BSE Sensex (13% CAGR)