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Tag: Godrej Industries

  • Godrej Industries Q1 profit rises to Rs 725 cr on strong consolidated gains

    Godrej Industries Q1 profit rises to Rs 725 cr on strong consolidated gains

    MUMBAI: Godrej Industries’ June quarter numbers read like a mixed-genre script, a drama of losses on the standalone front, but a blockbuster on the consolidated stage. For Q1 FY26, the conglomerate clocked a consolidated net profit of Rs 725.35 crore, up from Rs 640.86 crore in the year-ago quarter and a sharp leap from Rs 416.13 crore in Q4 FY25. The earnings ride was powered by total income of Rs 5,718.97 crore, a 9 per cent rise year-on-year, buoyed by its FMCG, agri-business, chemicals, and real estate subsidiaries.

    Segmental muscle showed in the expense sheet too cost of materials consumed stood at Rs 2,420.69 crore, while purchases of stock-in-trade rose to Rs 143.79 crore. Inventory changes delivered a significant positive swing at Rs 3,349.68 crore (credit), compared with Rs 2,011.01 crore last year, cushioning the operating line.

    Finance costs came in at Rs 113.53 crore, with depreciation at Rs 576.29 crore. Profit before tax surged to Rs 1,058.56 crore from Rs 872.61 crore in Q1 FY25.

    However, on a standalone basis, it was a different story,  the company posted a net loss of Rs 29.98 crore, reversing from a Rs 105.26 crore profit a year earlier, hurt by higher input costs and flat revenue growth (Rs 1,018.29 crore versus Rs 986.45 crore in Q1 FY25).

    Margins on the consolidated level held strong, with operating margin at 8.90 per cent and net profit margin at 16.26 per cent, an improvement from last year’s 15.09 per cent. Earnings per share stood at Rs 10.37, more than double the Rs 5.44 posted in the March quarter.

    With a net worth of Rs 10,137.54 crore and debt-equity ratios steady (gross at 6.42), Godrej Industries appears well positioned for its next growth leg, even if the standalone arm needs a few scenes rewritten.

  • Godrej Food Trends Report forecasts 2024’s hottest food trends

    Godrej Food Trends Report forecasts 2024’s hottest food trends

    Mumbai: Godrej Vikhroli Cucina- a curated, brand-agnostic, owned media platform- hosted a star-studded launch for the highly anticipated Godrej Food Trends Report 2024 at the glamorous Godrej L’Affaire 2024. The report, under the theme ‘Provenance’, explores the rich tapestry of India’s food culture, delving into the diverse origins of ingredients and India’s culinary practices. Godrej Industries Ltd executive director & chief brand officer Tany Dubash, unveiled the seventh edition of the report, sparking curiosity among food enthusiasts like Malaika Arora who were present to discover the fascinating trends shaping the future of food.

    The Godrej Food Trends Report 2024 convened over 190 thought leaders from diverse culinary backgrounds, including celebrity chefs, bloggers, and nutritionists who shared their insights on the comprehensive trends cited in the report.

    In an ever-evolving culinary landscape, the theme of Provenance signifies the exploration and amplification of the depth and diversity of Indian cuisine, it not only connects us to the origins of our food but also highlights the need for sustainable practices that preserve our culinary heritage. The report also throws light on conscientious eaters who seek transparency and authenticity and gravitate towards products that champion the values embedded in their journey from farm to plate.

    Commenting on the 2024 edition of the report, Dubash said, “The Godrej Food Trends Report 2024 marks another milestone in our quest to spark conversations and identify trends in the food industry. Consumers are getting savvier about their diets, focusing on mindful nutrition. With a focus on Provenance, this edition celebrates India’s rich culinary heritage and invites readers to explore the myriad flavours and cultures that define our nation. I am confident that readers will be captivated by the depth and diversity of insights offered within this edition, further solidifying India’s position as a global leader in the realm of food and gastronomy.”

    Rushina Munshaw Ghildiyal, Managing Director of Perfect Bite Consulting and Curating Editor of the Godrej Food Trends Report, sets the stage for the 2024 edition: “As we launch the 2024 edition, we continue to witness India’s emergence as a global culinary powerhouse, rooted in the theme of Provenance. In India, provenance is guiding our most relevant conversations around food. This interest in provenance is also translating into real growth for the F&B industry. The traditional plate, once dictated primarily by seasonality and local bounty, is now being driven by a quest for flavour. I am optimistic that the Indian food industry will prove to be a benchmark for empowerment and innovation in the years to come. Just as each dish in a multi-course meal tells a story, each section of the Godrej Food Trends Report 2024 invites readers to savour the insights and flavours of our diverse food culture.”

    Some key insights from the Godrej Foods Trends Report 2024 are:

    . Authentic cuisine will drive travel experiences: Experts forecast that 92.3% travellers will join Culinary site tours to enrich their travels through authentic culinary encounters

    . Bespoke cocktails will raise the bar: Experts reveal that the bar scene in 2024 will be illuminated by dedicated menus around Indian-origin spirits by 82.7%

    . Chocolate will become a sophisticated affair: Indian chocolatiers are increasingly showcasing the unique nuances of Provenance by artfully combining local grown, high-quality, cacao beans as experts report a 94.2% in artisanal chocolates.

    . K-food will become mainstream: Korean culture has been garnering a cult following, with its bold flavours and diverse dishes. Korean restaurants will see significant traction, with concepts like teppanyaki, robata, and ramen becoming increasingly prevalent.

    . Ghee will rise again: From health-conscious millennials to flavour-driven foodies, ghee’s natural goodness, will have a renewed appeal by 84.6% as we take inspiration from our culinary roots.

    . Women in food will be in spotlight: 2024 will illuminate the pivotal role women have played in the culinary landscape of India. From regional custodians to food entrepreneurs, chefs, bartenders and brewers, women will finally get due recognition for their contribution to shaping Indian gastronomy.

    “India’s soft power is our cuisine and its sheer diversity, and the power of our history, plurality, and continuity. So, I am happy to see it finally valued for being authentic and unapologetically true to itself. For the longest time, we have been carpet-bombed with a generalized idea of Indian food defined by political boundaries. But whatever prism you use to break it down by, the context for regional cuisines will always be the geography, agriculture, climate, and culture of a place.” shares Celebrity chef Ajay Chopra.

     

  • Godrej Industries celebrates International Women’s Day with #InvestInWomen campaign

    Godrej Industries celebrates International Women’s Day with #InvestInWomen campaign

    Mumbai: As the world commemorates International Women’s Day, Godrej Industries proudly launches the #InvestInWomen campaign, showcasing the transformative impact of investing in women across its diverse portfolio of businesses.

    Aligned with the global theme, Godrej Industries highlights its commitment to empowering women within its offices, factories, and laboratories. The campaign unveils inspiring stories of success, both big and small, as a result of the company’s unwavering dedication to gender inclusivity.

    From witnessing a rise in farm yields to maximising production on factory floors, Godrej Industries acknowledges the pivotal role women play in driving success. The laboratories are depicted as buzzing hubs of innovation, thanks to the contributions of women, while the sales force has become an unstoppable force, thanks to the company’s investment in female talent.

    In crafting homes for everyday joys, creating hair colors with gentle poise, and keeping vector-borne diseases at bay, Godrej Industries emphasizes that investing in women has a profound impact on various aspects of its business. Moreover, the company proudly declares its role in fostering the growth of Indian SMEs through its commitment to women empowerment.

    Commenting on this occasion, Godrej Industries executive director and chief brand officer Tanya Dubash said, “As we commemorate International Women’s Day, let us affirm that investing in women isn’t merely a commitment; it’s the very cornerstone of our success. Empowering women across our organization ignites innovation, fuels growth, and sparks positive transformation. We staunchly believe that when the potential of every individual is unleashed, a better world is not just possible, but inevitable. The #InvestInWomen campaign stands as a jubilant celebration of the remarkable contributions of women within Godrej.”

    Creativeland Asia co-founder and creative vice chairman Anu Joseph added, “With the UN’s theme for Women’s Day this year being about investing in women, we realised that at Godrej, they have been doing this for decades now. Little steps they took years ago, across the board, have already started bearing fruit. We wanted to showcase this, and at the same time, also highlight Godrej’s promise of not stopping in their efforts to bring about an equal future.”

    This women’s day, join Godrej Industries in recognizing the vital role of women in every aspect of business, and foster a more inclusive and equitable future.

  • With right usage AI Industries can scale newer heights – Nadir Godrej

    With right usage AI Industries can scale newer heights – Nadir Godrej

    Mumbai: Industrialist Nadir Godrej on Sunday said manufacturing, healthcare and other sectors in India can scale newer heights with the right use of artificial intelligence.

    Here to attend the World Economic Forum Annual Meeting, Godrej also said India can achieve its net-zero goals ahead of the deadline as the country is moving in the right direction on climate related matters.

    Speaking to PTI, he said AI has great potential to help various sectors by optimising processes and it should be seen as a facilitator rather than a disruptor.

    Godrej is chairman and managing director of business conglomerate Godrej Industries. Climate change, conflicts, geopolitical and geo-economic concerns and opportunities and threats posed by AI are among the key topics to be discussed at the five-day WEF annual meeting beginning here on Monday.

    Godrej said the meeting should yield several positive outcomes on areas like climate change, global economic concerns and conflict resolution.

    ( Taken from syndicated feed) 

  • Nadir Godrej felicitated with ‘Exemplary Industrialist of the Nation’ awards

    Nadir Godrej felicitated with ‘Exemplary Industrialist of the Nation’ awards

    Mumbai: Sashakt Bharat 2022 on Friday awarded Godrej Industries chairman and managing director Nadir Godrej with the ‘Exemplary Industrialist of the Nation’ award for his outstanding contributions to the Indian industry and his role in bringing pride to the nation.

    Nadir was named as the winner of this award in recognition of his achievements as a conscientious, well-respected, and prosperous industrialist.

    He was awarded at the coffee table book launch ceremony at the Sashakt Bharat 2022, an initiative by Abhyudaya Vatsyalam to honour the glorious story of India’s development and the stellar personalities associated with it.

    On winning this award, Nadir said, “It is indeed an honour to receive this prestigious award. I believe we at Godrej are privileged to be part of our country’s growth journey by being able to serve our nation through our innovative products and solutions. I wish to thank the esteemed board of guest editors for this recognition.”

    The launch ceremony witnessed the presence of Aditya Birla Centre community initiatives and rural development chairperson Rajashree Birla as the chief guest. HDFC group chairman Deepak Parekh was also the guest of honour, along with Nadir Godrej.

    The board of guest editors for this year’s list includes Shailesh Haribhakti and Associates chairman Shailesh Haribhakti, SEBI, LIC former chairman G. N. Bajpai, IndAsia Fund Advisors chairman Pradip Shah, EdelGive Foundation executive chairperson Vidya Shah, HDFC Mutual Fund MD & CEO Navneet Munot, SUD Life Insurance MD & CEO Abhay Tewari, Oswal Industries director Ravi Doshi and Universal Sompo General Insurance MD & CEO Sharad Mathur, among others.

  • Godrej Industries & Concept BIU clinch two trophies at AMEC AWARDS 2020

    Godrej Industries & Concept BIU clinch two trophies at AMEC AWARDS 2020

    Godrej Industries and its PR Measurement & Analytics partner, Concept BIU, have jointly clinched two trophies at the AMEC AWARDS Ceremony that was held in July 2020. The awards pertain to real life case studies jointly submitted by the Client-Service Provider duo. The case studies established how Godrej Industries benefitted from the efficient use of high-level PR Measurement & Analytics service provided by Concept BIU.

    This achievement makes Godrej Industries and Concept BIU the first, India based, Client Organization and Service Provider to have achieved this feat. This achievement puts India firmly on the Global Map of PR Measurement & Analytics.

    AMEC is the International Association of Measurement & Evaluation of Communications. In its 18th year now, AMEC AWARDS receives participation from 160 organizations across 86 countries. AMEC was established in 1996.

    The Godrej Industries-Concept BIU team had submitted three separate category entries. Two of those secured Bronze awards while the third one made it to the list of finalists.

    The details of the two wins are:

    1.      Plain language award for simplicity in campaign effectiveness measurement and reporting category (Simplifying Complex Analytics for Easy Decision Making)

    2.      Most Impactful Client recommendations arising from a measurement study (Towards Communication Leadership, using analytics and creativity)

    Strategic utilization of Public Relations (PR) as a Brand Building and Sustenance communication tool has seen an exponential rise. Which is why, C-Suite and their Brand Management teams are increasingly depending on in-depth intelligence from a neutral and credible PR Measurement & Analytics service provider. This win by the Godrej Industries-Concept BIU team sets a benchmark & exemplifies not only the spirit of team work but also the proactive use of High-Quality Measurement & Analytics service.

    Giving a Client’s perspective, Sujit Patil, VP & Head of Corporate Brand & Communications, Godrej Group, said, “Strategic utilization of Public Relations as a reputation and brand building tool can happen only if objectives are well set and outcomes are monitored consistently using qualitative and quantitative parameters. Over the past several years, we at Godrej have increased our focus on measuring the impact of our communications and the data churned out month after month by Concep BIU and other partners have helped us improve our PR process and the outcomes significantly. I strongly feel that the cost of “not measuring” is always high.”

    Speaking on the win, Ankoor Choudharri – CEO, Concept BIU, said, “It is a proud moment for Concept BIU. This makes us the first Indian Measurement & Analytics service provider to have achieved this feat. Our prowess on the Media Analytics space has now been recognised at a global level. Not only that, it endorses the fact that our methodologies are in sync with the globally accepted, AMEC’s Integrated Evaluation Framework. Our vision and proactiveness has made us achieve this milestone. We are extremely thankful to our esteemed client, Godrej Industries, to have trusted and encouraged us to participate in this globally acclaimed awards competition.”

  • Germin8 raises $3 million venture funding from Kalaari Capital

    Germin8 raises $3 million venture funding from Kalaari Capital

    MUMBAI: Germin8, a Big Data analytics company, has raised USD 3 million in Series-A funding from Kalaari Capital. The funds will be used to strengthen Germin8’s position in India through increased sales and marketing, and fuel its foray into international markets. A significant portion of the funds will also be deployed for R&D and new product development.

     

    Since the launch of its first product in 2012, Germin8 has leveraged its proprietary technology platform and algorithms to build and reinforce its position as a leading Big Data analytics firm. Germin8, through its proprietary tools, helps companies make more informed decisions in real time, based on what their stakeholders are saying in the public domain including social media and news, and in company-owned sources like emails and chats.

     

    Germin8’s technology platform is, today, used across marketing, corporate communications, customer care and sales functions at over 100 leading brands such as MTV, Marico, ICICI Prudential, Godrej Industries, Johnson & Johnson and Asian Paints. Germin8’s technology is also being used by several national and international media and advertising agencies including GroupM, Publicis, Dentsu Aegis, Rediffusion and Ormax Media.

     

    According to Kumar Shiralagi, Managing Director, Kalaari Capital, “We believe that in a competitive, evolving landscape, Germin8 has all the ingredients to be a global player especially because of the strength and flexibility of its technology platform, and its strong focus on innovation and customer satisfaction”.  Underscoring the importance of this investment, Kumar added, “Today no company can afford to underestimate the impact of social media on its business and Germin8 allows companies to monitor, analyse and take the right business decisions in a timely way.”

     

    Germin8 was founded by Dr. Ranjit Nair, a PhD in Computer Science from University of Southern California, and Raj Nair, a strategy consultant and alumnus of IIT-B and IIM-A. Germin8 now has a team of over 50 experienced professionals from top engineering and management institutes.

     

    “This is an important milestone for Germin8. Since our launch in 2012, we’ve been adding value to our customers in India by delivering actionable insights and analytics. With this investment by Kalaari Capital, we hope to make our technology available to companies outside India as well, even as we aim to consolidate our position as a significant analytics player in the Indian market,” says Ranjit Nair, CEO of Germin8.

     

    Kalaari Capital invests in early-stage technology-oriented companies in India. Their focus is on companies which are capturing new markets, providing innovative solutions, and creating wealth for entrepreneurs and investors. Mosaic Capital acted as the exclusive advisor to the company. Mosaic Capital (www.mosaiccap.com ) is a boutique investment bank specialised in M&A and Private Equity, with offices in Mumbai and Bengaluru.