GODREJ INDUSTRIES
Godrej Industries is a conglomerate operating in diverse sectors with different brands such as Godrej consumer products, Godrej housing finance, Godrej properties, Godrej chemicals, Godrej agrovert and more. Godrej group is an almost 124 years old company that started as a part of India’s Swadeshi movement. The values of Godrej industries to do the business consists of 6 pillars viz., Trust, Be Bold, Create Delight, Own it, Be Humble and Show Respect.
Godrej Industries has never sidelined their responsibility towards the society and have been working hard to provide benefits to the society. The company focuses on providing employability opportunities, Partnering the Indian government’s aim to make India malaria-free by 2030 by creating awareness and driving behaviour change in high-risk rural areas, sustainable solid waste management. Partnering with NABARD to help restore the ecological balance in drought-prone regions and mitigate the risk of climate change for small and marginal farmers.
The company have been leading market positions in categories such as hair colours, household insecticides and liquid detergents while increasing its presence in a global market. The company have strong marketing and distribution processes and also their products are popular and enjoy high brand awareness. The company have an opportunity to outperform due to the rapidly growing rural market and growing personal care market.
GCPL’s CSR activities and under the aegis of Protekt India Movement comprises relief supply of over 200,000 units of Godrej Protekt sanitisers and handwash products to Ujala Cygnus Hospitals.
The company have re-appointed two whole-time directors viz., Ms Tanya Dubash and Mr Nitin Nabar with the approval of the Board of Directors and the recommendation by the Nomination and Remuneration Committee of the Board of Directors.
The Board of Directors of the Company have approved a grant of 53,412 stock options to eligible employees of the Company at an exercise price of ₹1/- (Rupee One Only) per option. As per Q4 results announced, Godrej Industries Ltd. showed an incline in revenue for this quarter by more than 11% against the previous quarter whereas profit fell almost -154% against the December quarter. Also, EPS fell by 112% in this quarter and assets of the company grew by almost 41.83% against the FY19 – 20.
The Q4 results of Godrej Industries were fair to middling but the initiatives taken during the pandemic were top notch.
