Godrej Industries Q2 profit up marginally at Rs 95.16 cr

Godrej Industries, part of Godrej Group, today reported 1.67 per cent growth in consolidated net profit to Rs 95.16 crore for the second quarter ended on September 30, 2014-15.
The company had posted consolidated net profit of Rs 93.59 crore for the July-September quarter of the previous fiscal, Godrej Industries Ltd (GIL) said in a BSE filing.
However, its consolidated net income during Q2, 2014-15 increased by 12.73 per cent to Rs 2,298.16 crore from Rs 2,038.47 crore in the year-ago period.
GIL Chairman A B Godrej said: "I am happy to report that our Agri business continues to do well, despite a challenging environment in terms of volatile commodity prices and erratic weather conditions. Animal feed, Oil Palm and Agri Input businesses have shown significant growth.

"Godrej Consumer Products Limited continued to outperform the market and its brands have further strengthened its leadership position. Net Profit of Godrej Consumer Products Limited, this quarter, grew strongly at 20 per cent despite subdued consumer demand. We believe that the Indian FMCG industry is now showing early signs of recovery."
On the outlook, he said: "Our endeavour is on sustaining and extending leadership position across core categories and we are also continuing our pace of launching exciting new products."

For the first half of 2014-15, GIL's consolidated net profit increased 17.71 per cent to Rs 172.86 crore as compared to Rs 146.84 crore in the same period last year.

Godrej Industries consolidated net income during the six-month period increased by 18.01 per cent to Rs 4,624.33 crore as against Rs 3,918.28 crore in the same period of the previous fiscal.
The company's scrip closed at Rs 301.65, down 1 per cent, on the BSE.