GODREJ GROUP
Godrej Enterprises is looking to pump Rs 4,000 crore into key businesses: Executive Director Nyrika Holkar
Godrej Enterprises Group plans to invest around Rs 4,000 crore to streamline its 14 verticals and boost its consumer-first and nation-first businesses. This includes enhancing its real estate holdings in Mumbai and building its furniture brand Interio into a lifestyle label while focusing on organisational agility and performance.
Godrej Interio to open 104 new stores, add over 2 lakh sq ft of retail space in FY25
Godrej Interio intends to open 104 new stores and expand retail space by over 2 lakh sq ft this fiscal year. The company aims for 20% growth and plans to exceed 1,000 stores by August. Alongside physical expansion, its e-commerce platform continues to serve more than 17,000 pin codes across India.
Nestle, PepsiCo in talks with Godrej Agrovet to buy palm oil
Nestle and PepsiCo discussed with Godrej Agrovet about sourcing refined palm oil locally for brands like Maggi and Lay’s. This shift comes due to rising global prices and logistics costs. Companies aim to shorten import cycles and avoid supply disruptions amidst geopolitical tensions. Currently, they import mainly from Indonesia and Malaysia but are now urged to increase local procurement. Trade analysts suggest that sourcing from India can help negotiate better prices, ensure quality, and reduce logistics expenses.
Godrej Properties acquires 90 acres of land in Maharashtra’s Khalapur
Godrej Properties, the real estate development arm of Godrej Industries Group, has acquired an approximately 90-acre land parcel in the Khalapur locality of Raigad district, Maharashtra. The land near Karjat Khopoli Road offers around 1.7 million sq ft of saleable area, mainly for residential plotted development. Khalapur is seen as a promising location for such developments.
Godrej Properties to launch Rs 21,000 crore worth housing projects by March
Godrej Properties plans to launch Rs 21,000 crore worth of residential projects by March, capitalizing on strong consumer demand. The company's sales bookings surged nearly four times to Rs 8,637 crore in the first quarter. They are targeting Rs 27,000 crore in sales bookings this fiscal year, aiming for 20% growth.
Companies loosen purse strings to upskill top brass in Ivy League universities
Major Indian firms have doubled to quadrupled their expenditure on executive training post-pandemic. Companies such as JSW Group and Reliance collaborate with top universities to develop leadership skills amidst rapid technological advancements. This initiative aims to ensure effective succession planning and address the increased business growth and challenges.
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Godrej Properties secures bid to acquire 2 plots in Greater Noida for Rs 842 crore
Godrej Properties secured two land parcels, totaling 17.5 acres, in Greater Noida for Rs 842 crore. The company aims to generate over Rs 5,000 crore in revenue from these new residential projects. Located in prime sectors, the development potential is approximately 3.75 million square feet. CEO Gaurav Pandey emphasised confidence in meeting high market demand.
There are no loss-making companies in Godrej Industries Group; family relationships remain very strong: Pirojsha Godrej
In late April, the Godrej family celebrated their settlement agreement with 1897 Armagnac brandy, symbolizing the year their group was founded. Pirojsha Godrej, who led one branch's negotiations, shared that the process was amicable, with extensive discussions but no detailed disclosure on valuations or friction management.
New energy unlocked, Godrej Industries Group is ready for faster & bigger play, says Pirojsha Godrej
Pirojsha Godrej revealed strategic plans for Godrej Industries Group (GIG) post the recent division of family assets. The amicable split has enabled faster decision-making and capital allocation. GIG aims to scale its businesses in FMCG, real estate, and financial services, with a Rs 5,000 crore investment into Godrej Capital and a future IPO. The division focused on fair valuations and maintaining robust family relationships, enabling continued collaboration on projects. The Godrej brand will be used selectively by both sides to preserve its integrity.
Godrej Industries ramps up hiring at group companies to push growth
Godrej Industries Group has been expanding its hiring across various businesses including real estate, financial services, and agriculture. The company seeks to support growth and scaling up while maintaining a reduced attrition rate. Additionally, new policies aimed at talent retention and employee well-being have been introduced.
Godrej Consumer Q1 Results: Cons PAT jumps 41% YoY to Rs 451 crore, revenue rises 8%
The company said that consolidated net profit without exceptional items and one-offs grew by 14% year-on-year, while EBITDA grew by 13%. The home care category grew at 8% YoY, personal care at 6% yoy, the total branded category at 7% yoy, and the unbranded and exports category at 121% yo-y. The total net sales increased by 9% y-o-y to Rs 2,140 crore.
Political turmoil unlikely to impact Indian FMCG companies
Indian consumer goods companies have operated in Bangladesh, Sri Lanka, and Nepal for years, generally facing little impact from local instability. Marico's stock dipped nearly 6% due to its substantial earnings from Bangladesh, where its subsidiary accounts for a significant portion of its overseas revenue. Other FMCG companies saw lesser impacts.
Godrej Properties forays into Indore, buys 46-acre land for plotted development
Godrej Properties, part of Godrej Industries Group, has acquired a 46-acre land parcel in Indore to develop plotted residential units. The site, located off Indore-Ujjain Road, is set to offer around 1.16 million sq ft of saleable area.
Brokerage Picks: Stocks likely to gain big from Budget measures
Focus on affordable housing as budget announced following incentives PM Awas outlay and allocation of Rs 2.2 trillion under Pradhan Mantri Awas Yojana in the current year is a massive increase. This should help HFCs significantly with PNB Housing being the top pick.
Realignment of share in Godrej entities following split completed: Statement
Members of the promoter family of Godrej Industries Group, including Nadir Godrej and the children of his brother Adi Godrej, have taken control of flagship firm Godrej Industries Ltd (GIL) with a 64.66 per cent stake under the settlement agreement, GIL said in a regulatory filing on Friday.
RKN Enterprises sells 12.65 pc stake in Godrej Industries for Rs 3,803 cr under settlement plan
RKN Enterprises, a part of Godrej Enterprises Group, on Monday sold shares worth Rs 3,803 crore in Godrej Industries Ltd to members of Godrej Industries Group as part of the Godrej family settlement announced in April. According to the block deal data available on the BSE, RKN Enterprises offloaded a total of 4,25,83,272 shares, amounting to a 12.65 per cent stake in Godrej Industries.
Godrej Enterprises charts course to unlock growth potential
GEG aims to tap into synergies offered by business adjacencies to accelerate its growth after a recent realignment of revenue streams and companies in the century-old Godrej Group. Internal discussions are still going on in this matter and the group may consider creating separate scalable business units to drive growth.
Rs 417.9-crore block deals in Godrej companies
Three trusts belonging to the Godrej Enterprises Group (GEG) - BNG Successor Trust, HNG Family Trust, and SNG Successor Trust - sold shares worth ₹101.84 crore, ₹136.7 crore, and ₹179.35 crore, respectively.
Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad Naoroji
The Godrej family announced a settlement—according to which the Adi-Nadir and Jamshyd-Smita families would buy out each other’s stakes for zero consideration in each other’s companies. While the Adi and Nadir Godrej faction now known as Godrej Industries Group (GIG) controls Godrej Industries , Godrej Properties and Godrej Consumer Products, the Jamshyd Godrej family now Godrej Enterprises Group (GEG) controls unlisted Godrej and Boyce Mfg .
Godrej Properties sells more than 2,000 flats in Bengaluru for over Rs 3,150 crore
With the successful launch of this project, Godrej Properties said the company has surpassed its full-year FY24 sales in South India within the first quarter.
Kotak Institutional Equities bets on Godrej Agrovet’s turnaround story, sees upside potential of over 9%
Godrej Agrovet (GAVL) shifts focus to value-added segments with cost-cutting measures. Kotak Institutional Equities upgrades stock to 'buy' with target price of Rs 740, expecting sustainable turnaround in crop protection and dairy sectors.
CCI approves Godrej family settlement proposals
The Competition Commission of India (CCI) has approved the restructuring of the Godrej group, involving a realignment of interests, legal ownership, and management among family branches. This restructuring, based on a family settlement agreement from April 30, will affect entities including Godrej Industries, Godrej Consumer Products, Godrej Properties, and others within the GILAC and G&B Groups.
Nadir Godrej, family buy 3 luxury apartments in SOBO’s Malabar Hill for Rs 180 cr
Godrej Industries’ Chairman Nadir Godrej and his family have acquired three sea-view luxury apartments in South Mumbai’s Malabar Hill for a total of nearly Rs 180 crore from a real estate development subsidiary of the JSW Group. The under-construction super-luxury residential project, Ruparel House, on Ridge Road at the top of Malabar Hill with the view of Queen’s Necklace, is being developed by R House Realty, part of JSW Realty.
Godrej Properties sells 5% in Godrej Green Homes to Godrej Fund Management
Godrej Properties sells 5% equity stake in Godrej Green Homes to Godrej Fund Management and Investment Advisors for Rs 46.70 crore.
Godrej & Boyce sells 58,500 sq ft office space in Mumbai’s Vikhroli to Godrej Industries
The office space on the 9th floor has already been leased to managed flexible workspace provider Simpliwork Offices for a period of 60 months until March 31, 2026. This lease will also be transferred to Godrej industries as the new landlord, showed the documents accessed through Propstack.
Godrej split: Tanya Dubash to lead brand mgmt of Godrej Industries, Nyrika Holkar that of Godrej Enterprises
Tanya Dubash, executive director of Godrej Industries, will oversee brand management for Godrej Industries Group (GIG), including Godrej Industries, Godrej Consumer Products, and Godrej Properties. Nyrika Holkar, also an executive director, will lead Godrej Enterprises Group (GEG), comprising Godrej & Boyce and affiliates. The formal split, signed last month, divides the conglomerate into two branches, each managing its brand independently.
Godrej Properties sold homes worth Rs 2,000 crore in Noida project
Sector 146 is a prominent upcoming residential corridor in Noida. The area provides good connectivity to the upcoming Jewar Airport, as well as to the metro station, Noida- Greater Noida Expressway and Yamuna Expressway.
Godrej Industries, Godrej Properties share decline up to 7% after conglomerate's split
The family of 127-year-old Godrej Group, which has both, listed and unlisted entities, decided to split the conglomerate and operate as two entities -- Godrej Enterprises and Godrej Industries. The conglomerate operates across aerospace, aviation, defence, and liquid engines among others.
Godrej Split: Godrej & Boyce to hold exclusive construction right over Godrej land bank
The former will lead Godrej Industries Group, comprising listed companies, including Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd and Astec Lifesciences Ltd. 75-year-old Jamshyd Godrej will lead Godrej Enterprises, which comprises Godrej & Boyce Manufacturing Co. with presence in many sectors like aerospace, aviation, defence, energy, construction, IT and software while his niece Nyrika Holkar will be the executive director.
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