Godrej Properties

June 9 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - SELLS HOMES WORTH OVER 20 BILLION RUPEES AT GODREJ VANANTARA LAUNCH

Source text: ID:nBSEbfHptJ

Further company coverage: GODR.NS

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May 22 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - AWARDS LARGEST SINGLE CONSTRUCTION CONTRACT WORTH 11 BILLION RUPEES TO TATA PROJECTS

Source text: ID:nBSE76NfPP

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May 18 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES COMPLETES HANDOVER OF 500+ PLOTS AT FOREST ESTATE, NAGPUR, WITH THE FIRST NAGPUR EDITION OF ITS SIGNATURE HANDOVER IP, SHUBH AARAMBH

Source text: ID:nPreYMmR2a

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May 4 (Reuters) - Indian real estate developer Godrej Properties GODR.NS reported a 70% rise in fourth-quarter profit on Monday as demand for residential apartments stayed high.

Here are some details:

• The company is one of India's largest listed residential developers by sales, with a strong presence in key real estate markets including the Mumbai Metropolitan Region (MMR), Pune, Bengaluru and the National Capital Region

• The property maker's net profit rose to 6.5 billion Indian rupees ($68.46 million)in the quarter ended March 31, from 3.82 billion rupees a year earlier.

• Revenue from operations climbed 63% to 34.58 billion rupees

• Analysts expect growth in the quarter to be driven by a combination of steady real estate volume expansion and pricing gains in the sector

• The company's increase in market share to further boost growth driven by business development in the recent years and strong product pipeline, analysts added

• Booking value was flat year-on-year at 101.63 billion rupees in the quarter, while expenses increased 45% to 30.2 billion rupees

• Godrej Properties has acquired nearly 20 land parcels so far this fiscal year to develop housing projects worth 420 billion rupees, CNBC-TV18 reported in March

• "The demand for residential real estate in India remains strong across key markets," CEO Pirojsha Godrej said, adding that the company aims to grow FY27 bookings to over 390 billion rupees.

($1 = 94.9450 Indian rupees)

(Reporting by Devika Nair in Bengaluru)

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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 5 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES DEC-QUARTER CONSOL NET PROFIT 1.95 BILLION RUPEES

• GODREJ PROPERTIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES

Source text: [ID:]

Further company coverage: GODR.NS

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Feb 2 (Reuters) - Godrej Properties Ltd GODR.NS:

• SELLS HOMES WORTH OVER 20 BILLION RUPEES IN MUMBAI RESIDENTIAL PROJECT

Source text: ID:nBSE3gYQhG

Further company coverage: GODR.NS

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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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** Shares of Godrej Properties GODR.NS rise 2% to 1,908.6 rupees

** Real estate developer says its Q3 FY26 booking value surged 55% Y/Y to 84.21 billion rupees ($929.10 million)

** Booking value rose 19% Y/Y to 341.71 billion rupees in CY25; collections expand 28% Y/Y 189.79 billion rupees - GODR

** CLSA maintains "outperform" rating and says GODR is well-positioned to exceed its FY26 presales guidance

** GODR rated "buy" on avg by 20 analysts; median PT at 2,672 rupees - data compiled by LSEG

** GODR fell 28% in 2025

($1 = 90.6360 Indian rupees)

(Reporting by Brijesh Patel in Bengaluru)

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Jan 15 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - BOOKING VALUE GREW 19% Y/Y IN CY 2025

• GODREJ PROPERTIES - COLLECTIONS INCREASED 28% Y/Y IN CY 2025

Source text: ID:nBSE91GwXT

Further company coverage: GODR.NS

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** Shares of Godrej Properties GODR.NS rise nearly 4% to 2,135 rupees

** GODR set for biggest jump in four months, since June 6

** Real estate developer buys 26-acre land in southern Indian city of Bengaluru

** Co says project estimated to have a revenue potential of 11 billion rupees ($124.50 million)

** GODR rated "Buy" on avg by analysts covering it; median PT at 2,672 rupees - data compiled by LSEG

** YTD, GODR down 23%

($1 = 88.3560 Indian rupees)

(Reporting by Komal Salecha)

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** Shares of Godrej Properties GODR.NS rise 2.85% to 2,025 rupees apiece

** CLSA reiterates "outperform", hikes PT to 2,850 rupees from 2,770 rupees

** Brokerage expects Q2 pre-sales of 80-85 bln rupees ($902.32-$958.72 million), up 55% YoY and 15% sequentially

** Pre-sales driven by eight new launches with estimated gross development value (GDV) of 115 bln rupees

** CLSA sees H2 FY25 earnings outpacing H1 on strong pipeline of 350 bln rupees GDV

** Avg rating of 19 analysts is "buy"; median PT of 2,697.50 rupees - data compiled by LSEG

** YTD, GODR down 29% vs realty index's .NIFTYREAL 17% drop

($1 = 88.6600 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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** India's Godrej Properties GODR.NS rises as much as 2.45% to 2091.9 rupees

** Co emerges as highest bidder for 7.8 acres land parcel in the city of Hyderabad, valued at 5.48 billion rupees

** Co sees estimated revenue potential of 38 billion rupees ($436.91 million), utilizing the land parcel to build premium residential apartments

** Stock last up 1.5%

** GODR down ~25.6% YTD

($1 = 86.9750 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru)

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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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** Godrej Properties GODR.NS closes nearly 2% higher at 2,339.2 rupees

** Mumbai-based real estate developer enters Raipur, Chhattisgarh state, with 50-acre land acquisition for premium plotted residential units

** Co says Raipur, an emerging real estate market, is seeing strong demand for residential plotted developments and strong infrastructure growth

** GODR shares down about 16% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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July 16 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES LTD - ENTERS RAIPUR WITH 50-ACRE LAND ACQUISITION

• GODREJ PROPERTIES LTD - DEVELOPMENT TO OFFER 950,000 SQ FT SALEABLE AREA

Source text: ID:nBSE5LrV3f

Further company coverage: GODR.NS

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** Godrej Properties GODR.NS down ~2% to 2,273 rupees

** Nomura starts with "reduce"; stock rated "buy" on avg, per data compiled by LSEG

** PT of 1,900 rupees second-to-lowest, just 100 rupees above Street-low target; median PT is 2,713.50 rupees

** Brokerage expects FY26 pre-sales to miss co's forecast by 5% on weaker new launches "amid fading exuberance among buyers in India's real estate market"

** Says medium-term pre-sales growth could be slower as new trends "do not inspire confidence" in co's ability to sharply scale new launches

** Believes challenges to execution visible, given deliveries not ramping up as fast as sales volumes

** YTD, GODR falls ~19%

(Reporting by Hritam Mukherjee in Bengaluru)

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June 25 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES LTD - SELLS 2.5% STAKE IN MEPL FOR 32.5 MILLION RUPEES

• GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN MHPL FOR 334.4 MILLION RUPEES

• GODREJ PROPERTIES LTD - GPDL SELLS 2.5% STAKE IN VLDPL FOR 172.7 MILLION RUPEES

Further company coverage: GODR.NS

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June 23 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF GODREJ MSR CITY

Source text: ID:nBSE6Cc9Dx

Further company coverage: GODR.NS

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** Shares of Ahluwalia Contracts (India) AHLU.NS jump ~6% to 914 rupees
** Construction firm gets 3.97 bln rupees ($46.3 mln) order from real estate developer Godrej Properties GODR.NS
** More than 215,000 shares change hands by 11:15 a.m. IST, more than twice their 30-day avg
** YTD, AHLU down 11% but stock closed last trading session logging sixth straight weeks of gains

(Reporting by Hritam Mukherjee in Bengaluru)

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** Godrej Properties GODR.NS rises 1.3% to 1,999.30 rupees; last up 0.3%

** ICICI Securities upgrades to "buy" from "hold"; raises PT to 2,515 rupees from 2,482 rupees

** Co posts FY25 gross sales bookings of 294 bln rupees ($3.42 bln), above its annual expectation of 270 bln rupees

** Brokerage expects FY26 sales bookings to touch 305 bln rupees and 312 bln rupees in FY27 on strong launch pipeline

** Says residential demand slowdown, muted price growth will be key risks for co

** Stock rated "buy" on avg; mean PT of 3,040 rupees, per data compiled by LSEG

** GODR down ~28% YTD

($1 = 86.0370 Indian rupees)

(Reporting by Vijay Malkar)

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** Shares of Godrej Properties GODR.NS rise as much as 6.5% to 2,052.95 rupees amid a broad market .NSEI rebound

** Nifty up 1%; the benchmark had fallen 6.8% on Monday

** Real estate developer says its Q4 FY25 booking value grew 87% Q/Q and 7% Y/Y to 101.63 bln rupees ($1.2 bln)

** Adds, this is its highest ever quarterly booking value

** FY25 booking value grew 31% Y/Y to 294.44 bln rupees - GODR

** GODR among top pct gainers on Nifty Realty <.NIFTYREAL> index, which is up 1.8%

** Avg rating of 18 analysts is equivalent of "buy", median PT is 3,300 rupees - LSEG data

** YTD, GODR down 29.4% vs 24.8% fall by Nifty Realty

($1 = 85.8925 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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April 4 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES TO DEVELOP A PROJECT IN VERSOVA, MUMBAI

• PROPOSED DEVELOPMENT WILL HAVE REVENUE POTENTIAL OF 13.5 BILLION RUPEES

Further company coverage: GODR.NS

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April 1 (Reuters) - Godrej Properties Ltd GODR.NS:

• SELLS HOMES WORTH OVER 20 BILLION RUPEES AT LAUNCH OF PROJECT GODREJ RIVERINE IN NOIDA

Source text: [ID:]

Further company coverage: GODR.NS

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March 28 (Reuters) - Godrej Properties Ltd GODR.NS:

• SELLS HOMES WORTH OVER 10 BILLION RUPEES AT LAUNCH OF PROJECT IN GURUGRAM

Source text: ID:nNSE9Vtysj

Further company coverage: GODR.NS

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March 25 (Reuters) - Godrej Properties Ltd GODR.NS:

• GODREJ PROPERTIES - SELLS HOMES WORTH OVER 10 BILLION RUPEES IN HYDERABAD

Source text: ID:nNSE30swmm

Further company coverage: GODR.NS

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