Godrej Industries

June 25 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES - MAKES FURTHER INVESTMENT IN GODREJ INVESTMENT

• GODREJ INDUSTRIES - INVESTMENT OF 3.7 BILLION RUPEES

Source text: ID:nBSE9shrrQ

Further company coverage: GODI.NS

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MUMBAI, June 22 (Reuters) - India's Godrej Industries GODI.NS accepted bids worth 10 billion rupees ($105.6 million), in a sale of separately transferable redeemable principal part, or STRPP, bonds maturing in five years and three months and five years and six months, three bankers said on Monday.

The firm will pay a coupon of 8.23% and had invited commitment bids for the issue earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on June 22:

*Size includes base plus greenshoe for some issues

($1 = 94.6650 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

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MUMBAI, June 19 (Reuters) - India's Godrej Industries GODI.NS plans to raise up to 10 billion rupees ($105.86 million) through two series of separately transferable redeemable principal part, or STRPP, bonds maturing in five years and three months and five years and six months, three bankers said on Friday.

It has invited coupon and commitment bids for the issue on Monday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on June 19:

*Size includes base plus greenshoe for some issues

($1 = 94.4625 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

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June 18 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES - APPROVES UP TO 10 BILLION RUPEES NON-CONVERTIBLE DEBENTURES

Source text: ID:nNSE1cv2vQ

Further company coverage: GODI.NS

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April 22 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES - ANNOUNCES NEW PURPOSE AND BRAND IDENTITY; SETS 5 TRLN RUPEES AMBITION BY 2031

• GODREJ INDUSTRIES - EXPECTS COMBINED MARKETCAP OF 5 TRLN RUPEES OVER NEXT 5 YRS

• GODREJ INDUSTRIES - INTENDS TO EXPAND FROM THREE TO FIVE PUBLICLY LISTED PLATFORMS

Source text: [ID:]

Further company coverage: GODI.NS

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** Shares of India's Godrej Properties GODR.NS jump 3.77% to 1826 rupees

** HSBC ("buy", TP: 2,800 rupees) says management expects pre-sales to grow by 20% in FY27, driven by higher volumes, pricing gains and market-share expansion

** Adds co expects to turn free cash flow positive in FY27, is considering a dividend payout

** Says co targeting 20% return on equity in FY28

** GODR rated "buy" on average by 20 analysts, median PT 2,176 rupees - data compiled by LSEG

** YTD, stock down ~9%

(Reporting by Bipasha Dey in Bengaluru)

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April 13 (Reuters) - India's Godrej Industries GODI.NS said on Monday its chairperson, Nadir Godrej, will retire in August 2026 and assume the role of chairman emeritus, as part of several planned leadership transitions across the group.

He has been associated with the group since 1977.

Here are the details:

• Pirojsha Godrej, currently chairperson of Godrej Properties, will succeed Nadir as chairperson of Godrej Industries Group and Godrej Industries Ltd, effective August 14.

• Nadir Godrej will also step down from the boards of other group companies, including Godrej Agrovet GODE.NS, Godrej Consumer Products GOCP.NS and Godrej Properties GODR.NS, in August.

• He has also stepped down as chairperson and non-executive director of Astec LifeSciences ASTE.NS effective April 13.

• Burjis Godrej, an executive director at Godrej Agrovet, will become chairperson of the agriculture business and join the board of Godrej Industries as a non-executive director from August 14.

• Vishal Sharma, the CEO of Godrej Chemicals, has been appointed chairperson of Astec LifeSciences with immediate effect.

(Reporting by Surbhi Misra in Bengaluru; Editing by Sahal Muhammed)

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Feb 11 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 2.05 BILLION RUPEES

• GODREJ INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 50.51 BILLION RUPEES

Source text: ID:nBSE4qHN3t

Further company coverage: GODI.NS

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Feb 3 (Reuters) - India's Godrej Agrovet GODE.NS reported a nearly 3% rise in quarterly profit on Tuesday, as sluggish growth in its mainstay animal feed business was offset by strong growth in its crop protection and palm oil businesses.

The food and agriculture unit of Godrej Industries GODI.NS reported consolidated net profit of 1.15 billion rupees ($12.75 million), higher than a profit of 1.11 billion rupees a year earlier.

Robust rainfall and increasing per capita usage of agri input products such as herbicides and pesticides helped the company's crop protection business, while its palm oil business benefited from reduced imports of the commodity from Malaysia and Indonesia into India.

The company's revenue from operations rose 11% to 27.18 billion rupees, from 24.5 billion rupees a year ago.

Revenue from its animal feed segment, which constitutes nearly half of the total, grew 1.9%.

Proceeds from the crop protection business, which includes fertilizer and pesticides, rose 34.4%, while its palm oil business grew by 28.53%. Revenue from the dairy business grew 2.7%.

The company's total expenses increased 10.6%, with raw material costs that form the bulk of its expenses, rising 6.3%.

($1 = 90.2180 Indian rupees)

(Reporting by Abhirami G in Bengaluru; Editing by Harikrishnan Nair and Mrigank Dhaniwala)

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Corrects attribution in paragraph 7 to Nadir Godrej, not Rahul Saraf

By Divya Chowdhury and Praveen Paramasivam

DAVOS, Switzerland, Jan 23 (Reuters) - Indian real estate-to-dairy conglomerate Godrej Industries is eyeing acquisitions in the consumer goods and animal feed sectors despite the high valuations of young companies, the group chair has said.

Dealmaking in the Indian consumer goods and retail sector has picked up as large groups chase growth, reaching a four-year high for January-September, investment bank Equirus Capital said.

"We are constantly looking for acquisitions," Nadir Godrej told the Reuters Global Markets Forum on Thursday, on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.

Godrej Consumer Products GOCP.NS last year bought men's grooming brand Muuchstac for about 4.5 billion rupees ($49 million).

Strong demographics, rising consumption and supportive policies continue to attract capital to the world's fourth-largest economy, Rahul Saraf, head of investment banking at Citi India, told the GMF in Davos.

But high valuations are sometimes a pain point.

"Part of the high valuation in India is because it has very high growth rates. You don't have those growth rates in Europe or in America," Nadir Godrej said.

The International Monetary Fund forecasts India's economy will expand more than 7% in fiscal 2026, far outpacing the global average, while its communications department director called the country "a key growth engine for the world".

Nadir Godrej also said the group's food and agri business, Godrej Agrovet GODE.NS, is looking for prospects in the animal feed category, but "never found a really good target" as most peers are regional.

In light of U.S. tariffs on imports from India, the group's consumer business is "working harder in other markets" even though its direct exports to the U.S. are minor, Godrej said.

The group, home to Godrej Properties GODR.NS, does not expect a slowdown in its real estate business, he said. Analysts polled by Reuters say a boom in the luxury housing sector will peter out within five years.
($1 = 91.6240 Indian rupees)

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(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Kevin Liffey)

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Dec 9 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES - TO INVEST OVER 100 BILLION RUPEES IN STATE OF TELANGANA

Source text: [ID:]

Further company coverage: GODI.NS

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Nov 5 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES - REPORTS INVENTORY SHORTFALL DUE TO POTENTIAL THEFT

• GODREJ INDUSTRIES - VALUE OF LOST INVENTORY ESTIMATED AT 80 MILLION RUPEES

• GODREJ INDUSTRIES - TAKEN COGNIZANCE OF FINDINGS AND HAS FILED FIR FOR THEFT

Source text: ID:nBSEzV6rc

Further company coverage: GODI.NS

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MUMBAI, Sept 18 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 8 billion rupees ($91.13 million), for separately transferable redeemable principal part bonds maturing in five years and six months, three bankers said on Thursday.

The company will pay an annual coupon of 7.89% and had invited bids for the issue earlier in the day, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 18:

* Size includes base plus greenshoe for some issues

($1 = 88.1275 Indian rupees)

(Reporting by Dharamraj Dhutia)

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MUMBAI, Sept 17 (Reuters) - India's Godrej Industries GODI.NS plans to raise as much as 8 billion rupees ($91.13 million), which includes a greenshoe option of 2.5 billion rupees, through the sale of bonds maturing in five years and five months, three bankers said on Wednesday.

It has invited coupon and commitment bids for the issue on Thursday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 17:

* Size includes base plus greenshoe for some issues

($1 = 87.7830 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Janane Venkatraman)

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NEW DELHI, Sept 4 (Reuters) - Indian Finance Minister Nirmala Sitharaman unveiled tax cuts for hundreds of consumer items, from soap to cars, in the biggest overhaul of the goods and services tax (GST), set to take effect from September 22.

Here are key highlights:

MAJOR CHANGES

India will have two key tax rates of 5% and 18% from September 22, versus four now. A new tax slab of 40% will apply to high-end goods, but all additional levies above that are to be abolished, bringing down effective tax rates on mid-size and big cars.

REVENUE LOSS, INFLATION IMPACT

The government estimates the cuts will cause revenue loss of 480 billion rupees ($5.5 billion), far lower than economists' estimate ranging from 1 trillion rupees to 1.8 trillion rupees.

Citi said India's inflation could ease as much as 1.1 percentage points if the cuts are fully passed through to consumers. India's retail inflation rate fell in July to its lowest in eight years.

TAX CUTS ON DAILY ITEMS

A tax panel approved lower GST of 5% on items of everyday use such as packaged food, medicines, toothpaste, fruit, milk products, talcum powder and shampoo, against 12% to 18% now.

The cut is expected to lift the sales of fast-moving consumer goods firms such as Hindustan Unilever HLL.NS, Nestle NEST.NS and Godrej Industries GODI.NS, while lowering costs for farmers.

It will abolish tax on individual life and health insurance products sold by companies such as LIC LIFI.NS, SBI Life Insurance SBIL.NS and ICICI Prudential Life Insurance ICIR.NS.

HOLIDAY BOOST TO SALES

The government has cut taxes on items such as cars, TVs and even cement, which could boost sales during the festival season that typically runs from the last week of September until November. India's tax panel also cut GST on air conditioners, ambulances, dishwashers, three-wheelers and hybrid vehicles.

Carmakers such as Maruti MRTI.NS and Toyota 7203.T, and manufacturers of consumer applicance such as LG Electronics LGEL.NS and Sony 6758.T are set to benefit immediately when the new rates kick in.

The tax panel also lowered the effective tax for big cars to 40% from the current rate of as much as 50%, making cars from Mercedes-Benz AGMBGn.DE, AUDI Aktiengesellschaft and BMW BMWG.DE attractive. GST on EVs was kept at 5%, giving relief to carmakers such as Tata Motors TAMO.NS and Mahindra & Mahindra MAHM.NS after a panel recommended an increase.

The government lowered taxes on fertiliser and tractors to help lower costs for farmers, recently come in the spotlight as Prime Minister Narendra Modi vowed to protect them following a breakdown in India-U.S. trade talks.

MAIN LOSERS

GST was raised to 18% from 12% on apparel and clothing accessories that cost more than 2,500 rupees, which could hurt global brands such as Marks and Spencer MKS.L, Levi Strauss LEVI.N, and Zara.

The tax on coal went to 18% from 5%, but the effective tax rate on fizzy drinks make by PepsiCo PEP.O and Coca-Cola KO.N was held at 40%.

($1=87.5060 Indian rupees)

(Reporting by Aftab Ahmed; Editing by Clarence Fernandez)

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NEW DELHI, Sept 3 (Reuters) - India has decided to cut taxes on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of economic headwinds from U.S. tariffs, two state ministers told reporters on Wednesday.

The new goods and services tax (GST), which will become effective from September 22, will lead to an estimated revenue loss of 477 billion rupees, West Bengal minister Chandrima Bhattacharya said after the GST council meeting.

(Reporting by Nikunj Ohri; Editing by YP Rajesh)

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Aug 13 (Reuters) - Godrej Industries Ltd GODI.NS:

• APPROVES DIVESTMENT OF STAKE IN GODREJ CAPITAL

• DIVESTMENT FOR UP TO 50 BILLION RUPEES

Source text: ID:nNSE6QdCJk

Further company coverage: GODI.NS

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By Dharamraj Dhutia

MUMBAI, Aug 4 (Reuters) - Godrej Properties GODR.NS, the real estate unit of India's Godrej Industries GODI.NS, is set to tap the corporate bond market later this month with its largest issue to date, three sources aware of the matter said.

The real estate developer is likely to raise around 20 billion rupees ($230 million) through the sale of shorter duration bonds, with a maturity of three to five years, the sources said last week.

"The company could look to tap the market after the central bank's monetary policy decision this week, in the hope that yields ease further," one of the sources said.

All the sources requested anonymity as the talks are private. Godrej Properties did not reply to a Reuters email seeking comment.

The bonds are rated 'AA+', and this will be the company's first bond issuance in nearly a year.

Last September, it had raised around 650 million rupees through the sale of five-year bonds at an annual coupon of 8.50%.

Godrej Properties has borrowed 25 billion rupees through bonds since September 2023. The upcoming sale would take its outstanding issuances to 45 billion rupees.

The Mumbai-based firm last month acquired around 50 acres of land for premium plotted residential units in the Indian state of Chhattisgarh.

($1 = 87.2300 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

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** Shares of Godrej Industries GODI.NS surge 15.8% to a record high of 1,377.8 rupees

** About 514,915 shares changes hands in one block deal priced at 1,376 rupees apiece - as per data compiled by LSEG

** Block deal at 16% premium on last closing price of 1,190.5 rupees

** Overall 2.9 million shares traded, volumes at 12.5x the 30-day avg

** Stock up 18% year-to-date

(Reporting by Manvi Pant in Bengaluru)

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MUMBAI, May 2 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 10 billion rupees ($118.4 million) for the sale of bonds maturing in four years and five years, three bankers said on Friday.

The company will pay an annual coupon of 7.54% on the four-year papers and 7.59% on the five-year bonds and had invited coupon and commitment bids earlier in the day, the bankers said.

Godrej Industries did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on May 2:

*Size includes base plus greenshoe for some issues

($1 = 84.4440 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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MUMBAI, April 30 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($117.32 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in four years and five years, three bankers said on Wednesday.

The company has invited coupon and commitment bids from bankers and investors for the issues on Friday, they said.

Godrej Industries did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 30:

*Size includes base plus greenshoe for some issues

($1 = 85.2370 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

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MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.

It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on February 27:

*Size includes base plus greenshoe for some issues

($1 = 87.1000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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** Shares of Godrej Industries GODI.NS rise 17.4% to 1,011.15 rupees, set to gain for fourth straight session

** Trading vols jump over 24x the 30-day average to 4.5 mln shares, highest since October 9, 2023

** Reuters could not immediately ascertain the reason behind day's move

** Stock set to log best gains in a session since October 6, 2023, when it surged 19.6%

** GODI gained 56.7% in 2024

(Reporting by Vijay Malkar)

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** Shares of Godrej Industries GODI.NS rise 4.8% to 852 rupees

** Co posted a 77% rise in Q3 consol net profit to 1.88 billion rupees ($21.7 million); rev from ops up 34% Y/Y

** Co aided by over two-fold surge in rev from its estate and property development segment, which contributes 24% to the total rev

** More than 1.8 million shares change hands, 20.3x its 30-day avg; set for most active session since September 6

** Stock on track to snap four-day losing streak

($1 = 86.8520 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 12 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES DEC-QUARTER CONSOL NET PROFIT 1.88 BILLION RUPEES

• GODREJ INDUSTRIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 48.25 BILLION RUPEES

• GODREJ INDUSTRIES - TO INVEST UPTO 5 BILLION RUPEES IN GODREJ CAPITAL

Source text: [ID:]

Further company coverage: GODI.NS

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By Divya Chowdhury and Praveen Paramasivam

DAVOS, Switzerland, Jan 20 (Reuters) - India's economic slowdown is not expected to show up in the country's housing market, Godrej Industries Group Chairperson Nadir Godrej said in an interview on Monday.

Godrej, an Indian conglomerate which mainly targets the "middle category" of India's housing sector, is keeping a close watch on its debt given the cyclical nature of the business and is hopeful of riding out a potential down cycle, he added.

India forecast its slowest economic growth in four years for the year ending March, weeks after the country's central bank lowered its growth outlook for the next financial year.

Middle class Indians in the country's major cities are already cutting spending due to persistent inflation.

A slowdown is not evident in the housing sector, which struggles during downturns, and nor is one imminent, Godrej told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.

A Reuters poll published last month forecast house prices in India will rise steadily over the coming years, driven mainly by demand from wealthy individuals. But rising inflation will make owning a property unattainable for most.

Godrej's group, which has annual revenue of more than $6 billion, includes Godrej Properties GODR.NS as well as animal feed and vegetable oil manufacturer Godrej Agrovet GODE.NS and Cinthol soapmaker Godrej Consumer Products GOCP.NS.

Godrej said India's rural economy is improving due to an increase in consumption in villages.

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(Reporting by Divya Chowdhury in Davos and Praveen Paramasivam in Chennai; Editing by Alexander Smith)

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Dec 12 (Reuters) - Godrej Industries Ltd GODI.NS:

• ACQUIRES 26% STAKE IN CLEAN MAX KAZE

Source text: ID:nNSEbf48dw

Further company coverage: GODI.NS

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MUMBAI, Nov 18 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($118.44 million), which will include a greenshoe option of 5 billion rupees through sale of bonds maturing in three years and six months and in five years, three bankers said on Monday.

The company has invited bids from bankers and investors for the issue on Tuesday, they said.

The company did not immediately respond to a Reuters query seeking comment.

Here is the list of deals reported so far on Nov. 18:

* Size includes base plus greenshoe for some issues

($1 = 84.4340 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

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Nov 13 (Reuters) - Godrej Industries Ltd GODI.NS:

• GODREJ INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 2.88 BILLION RUPEES

• GODREJ INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 48.05 BILLION RUPEES

Source text: ID:nBSE6CCWCZ

Further company coverage: GODI.NS

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Nov 12 (Reuters) - Godrej Industries Ltd GODI.NS:

• SIGNS AGREEMENT TO ACQUIRE BUSINESS OF SAVANNAH SURFACTANTS

• SIGNS AGREEMENT TO ACQUIRE FOOD ADDITIVES AND EMULSIFIER BUSINESS

• ESTIMATED INVESTMENT AMOUNT 760 MILLION RUPEES

Source text: ID:nBSE8k9t95

Further company coverage: GODI.NS

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