Godrej Industries Limited Earnings Summary — Q1 FY2027
Godrej Industries Reports Mixed Q1 FY27 Results Amidst Consolidation and Debt Restructuring
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 29.2% sequentially in Q1 FY2027.
- Revenue of ₹5,448 Cr is 22.2% higher year-on-year.
- Revenue has compounded at 8.2% annualised over the last 10 quarters.
- Net profit of ₹284 Cr is 18.6% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -6.1% annualised across the period.
- Operating margin stands at 10.6% in Q1 FY2027.
- Operating margin expanded by 165 bps year-on-year.
- Over the last two years operating margin has expanded by 269 bps.
- PBT margin is 13.4%.
- Expense growth of 19.9% remained below revenue growth of 22.2%.
- Operating profit of ₹575 Cr is 44.9% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 54/100 (Moderate) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 5,448 | 7,694 | 5,051 | 5,032 | 4,460 | 5,780 | 4,825 | 4,805 | 4,248 | 4,567 |
| Expenses | Improving | 4,873 | 6,527 | 4,507 | 4,898 | 4,063 | 5,186 | 4,228 | 4,230 | 3,914 | 4,511 |
| Operating Profit | Accelerating | 575 | 1,167 | 544 | 134 | 397 | 593 | 597 | 575 | 334 | 56 |
| Operating Margin | Volatile | 10.6% | 15.2% | 10.8% | 2.7% | 8.9% | 10.3% | 12.4% | 12.0% | 7.9% | 1.2% |
| Other Income | Volatile | 1,036 | 784 | 694 | 1,294 | 1,352 | 695 | 436 | 439 | 1,072 | 536 |
| Interest | Improving | 745 | 684 | 626 | 584 | 576 | 542 | 505 | 477 | 433 | 369 |
| Depreciation | Improving | 133 | 141 | 126 | 121 | 114 | 110 | 111 | 108 | 101 | 100 |
| Profit Before Tax | Volatile | 732 | 1,126 | 486 | 723 | 1,059 | 635 | 417 | 429 | 873 | 122 |
| Tax | Volatile | 209 | 285 | 133 | 230 | 333 | 219 | 104 | -60 | 232 | 148 |
| Net Profit | Volatile | 284 | 444 | 205 | 242 | 349 | 183 | 188 | 288 | 322 | -312 |
| Net Margin | Volatile | 5.2% | 5.8% | 4.0% | 4.8% | 7.8% | 3.2% | 3.9% | 6.0% | 7.6% | -6.8% |
Key Takeaways
- Consolidated revenue grew 22.16% YoY to ₹5,448.09 crore, though net profit declined to ₹523.36 crore compared to the prior year's Q1.
- The Estate and Property Development segment remains the largest contributor but saw a significant revenue drop from ₹3,908.12 crore in Q4 FY26 to ₹1,334.86 crore this quarter.
- Chemicals segment performance improved significantly with a segment result of ₹159.22 crore, up from ₹40.16 crore in the preceding quarter.
- Godrej Agrovet continues consolidation efforts, increasing its stake in Creamline Dairy and Astec LifeSciences (to 67.03%).
- Godrej Properties is proceeding with internal restructuring, including the NCLT-approved merger of Embellish Houses Private Limited.
- Finance and Investments segment asset size continues to grow, reaching ₹35,816.04 crore as of June 30, 2026.
- Significant debt presence noted with a consolidated Debt-to-Equity ratio of 2.38 (Gross) and 1.84 (Net).
Management Guidance
Management is focused on internal restructuring and consolidation of subsidiaries, including the proposed amalgamation of Godrej Finance Limited with Godrej Capital Limited.
Sentiment Shift
Stable
Revenue growth is offset by declining net margins and high finance costs; restructuring of the finance and property arms suggests a long-term transition phase.
Outlook
The company expects to benefit from the ongoing consolidation in the real estate sector and the scaling of its financial services business under Godrej Capital.
From the Annual Report (Key Quotes)
“The financial results are in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under section 133 of the Companies Act, 2013.”
“The figures for the quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures.”
“Pirojsha Godrej is Chairperson Designate of the Godrej Industries Group and serves as Chairperson of Godrej Properties, Godrej Capital, and Godrej Ventures.”
Official Quarterly Documents
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This summary is AI-generated from Godrej Industries Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.