Godrej Industries (500164) Q2 25/26 earnings summary

Executive summary

• Total consolidated income for Q2 FY26 rose 23% year-over-year to ₹6,290 crore; H1 FY26 up 16% to ₹12,009 crore.

• Net profit for Q2 FY26 declined 16% year-over-year to ₹242 crore; H1 FY26 net profit down 3% to ₹592 crore.

• Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26, with statutory auditors issuing an unmodified review conclusion.

Financial highlights

• PBDIT for Q2 FY26 increased 41% year-over-year to ₹1,428 crore; H1 FY26 up 31% to ₹3,176 crore.

• PBIT for Q2 FY26 up 44% year-over-year to ₹1,307 crore; H1 FY26 up 33% to ₹2,942 crore.

• Interest expenses rose to ₹584 crore in Q2 FY26 from ₹477 crore in Q2 FY25.

• Earnings per share (consolidated, not annualized) for Q2 FY26 was ₹7.65 (basic and diluted).

Segment performance

• Chemicals: Q2 FY26 revenue up 29% year-over-year to ₹1,059 crore; PBIT up 2% to ₹97 crore. H1 FY26 revenue up 25% to ₹1,942 crore; PBIT up 5% to ₹183 crore. Exports contributed ~27% of revenue.

• Real Estate: Q2 FY26 total income at ₹1,867 crore, net profit at ₹405 crore. Q2 booking value grew 64% YoY to ₹8,505 crore. H1 FY26 income ₹3,460 crore; net profit ₹1,005 crore.

• Agri Business: Q2 FY26 total income at ₹2,575 crore, net profit at ₹93 crore. H1 FY26 income ₹5,201 crore; net profit ₹253 crore. Animal Feed saw record volumes; Vegetable Oil segment posted strong growth.

• Consumer Products: Q2 FY26 sales grew 4% year-over-year; net profit declined 2% (excluding one-offs). Home Care and Personal Care categories gained market share.