Godrej Industries Ltd. — Interim / Quarterly Report 2023

May 19, 2023

Godrej Industries Limited Regd. Office: Godrej One, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai 400079. India. Tel.: 91-22-2518 8010/8020/8030 Fax: 91-22-2518 8068/8063/8074 Website: www.godrejindustries.com

CIN: L24241MH1988PLC097781

Dated: May 19, 2023

To, To, Mumbai – 400 001 Bandra (East), Mumbai-400 051

BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Fort Exchange Plaza, Bandra - Kurla Complex,

Ref.: BSE Scrip Code No. "500164" Ref.: "GODREJIND"

Debt Segment NSE:

NCD- GIL23 - ISIN: INE233A08022 NCD- GIL24 - ISIN: INE233A08030 NCD- GIL25 - ISIN: INE233A08048 NCD- GIL28 - ISIN: INE233A08055 NCD- GIL26 - ISIN: INE233A08071 NCD- GIL25A-ISIN: INE233A08063

Sub.: Performance Update

The Board of Directors at its Meeting held today, i.e. on May 19, 2023 have approved the Audited Financial Results (Standalone and Consolidated) for the Quarter and Financial Year ended March 31, 2023. We enclose herewith the performance update of the Financial Results.

Kindly take the same on your record.

Thanking you,

Yours sincerely,

For Godrej Industries Limited

Tejal Jariwala Company Secretary & Compliance Officer (FCS 9817) TEJAL VIRENDRA JARIWALA 2023.05.19 14:09:07 +05'30'

Encl.: A/a

Performance Update

Q4 & FY 2022-23

May,19, 2023

1 I Godrej Industries Limited I Q4 & FY 2022-23 | Performance Update | May 19,2023

DISCLAIMER

"Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations."

PRESENTATION FLOW

• Results
  • Financial Highlights Consolidated
  • Segment Performance
• Business Performance
  • Performance highlights including Subsidiaries and Associates
• Other information

FINANCIAL HIGHLIGHTS – CONSOLIDATED

FINANCIAL HIGHLIGHTS - CONSOLIDATED

Particulars(₹crore)	Q4FY2022-23	Q4FY2021-22	%Growth	FY2022-23	FY2021-22	%Growth
Total Income	5,085	4,727	8%	17,762	15,065	18%
PBDIT *	1,042	802	30%	2,928	2,179	34%
Depreciation	79	72	-	305	274	-
PBIT*	962	730	32%	2,623	1,906	38%
Interest	284	175	-	943	623	-
Net Profit *#	300	227	32%	975	654	49%

* Including share of profit in associates & exceptional.

# With share of profit in associate companies, post reduction of non-controlling interest.

5 I I Godrej Industries Limited I Q4 & FY 2022-23 | Performance Update | May 19,2023

CONSOLIDATED RESULTS – SEGMENT PERFORMANCE

SEGMENT-WISE CONTRIBUTION TO FINANCIALS: Q4 FY 2022-23

SEGMENT-WISE CONTRIBUTION TO FINANCIALS: FY 2022-23

PBIT * (₹ crore)

8 I I Godrej Industries Limited I Q4 & FY 2022-23 | Performance Update | May 19,2023

BUSINESS PERFORMANCE: Performance Highlights incl. subsidiaries, JVs and Associates

CONSUMER (GCPL)

Business and Financial Highlights for Q4 FY2022-23:

• Consolidated sales grew by 10% INR and 14% constant currency year-on-year.
• Consolidated EBITDA grew by 32% year-on-year.
• Consolidated net profit grew by 29% year-on-year (without exceptional items and one offs).
• Category Review
  • Home Care: Home Care grew by 14%. Household Insecticides continued to improve its growth trajectory, with growth in teens. Performance was broad based with both the mosquito and nonmosquito portfolio growing in double digits. Air Fresheners continue to consistently deliver strong double-digit growth.
  • Personal Care: Personal Care grew by 17%, Personal Wash delivered double-digit growth led by healthy volume growth. Magic Handwash grew double digits in volume terms. Hair Colour continued to consistently deliver strong double-digit growth.

Financial Highlights

₹ crore	Q4FY-23	Q4FY-22	FY-23	FY-22
Revenue	857	802	4173	3057
PBIT	135	83	697	334

• Revenues for Q4FY23 increased by 7% & FY23 increased by 37%
• PBIT for Q4FY23 increased by 63% & FY23 increased by 108%
• Exports for FY23 stood at ₹1,383 crore

Godrej Industries Ltd (Chemicals) has received the prestigious Export Excellence Award

11 I I Godrej Industries Limited I Q4 & FY 2022-23 | Performance Update | May 19,2023

Product Portfolio Q4 FY 2022-23

REAL ESTATE

Godrej Properties Limited (GPL) - Consolidated Financial Highlights:

₹ crore	Q4FY23	Q4FY22	FY23	FY22
Total Income	1,930	1,476	2,998	2,397
Net Profitafter tax	412	260	571	352

Business & Sales Highlights for Q4 & FY 2022-23

• GPL's best ever quarterly sales- booking value stood at ₹ 4,051 crore in Q4 FY23, up 25%
• GPL's best ever annual sales- booking value stood at ₹ 12,232 crore in FY23, up 56%
• Added 5 new projects with a total estimated saleable area of nearly 9 million sq. ft. and total estimated booking value of ~₹ 5,750 Crore in Q4 FY23.
• Received 17 awards in Q4 FY23 and a total of 91 awards in FY23

AGRI BUSINESS

Godrej Agrovet Limited (GAVL) - Consolidated Financial Highlights

₹ crore	Q4 FY23	Q4 FY22	FY23	FY22
Total Income	2,108	2,134	9,481	8,386
Net Profitafter tax	31	122	302	403

• Animal Feed: Animal Feed segment revenue for the quarter grew by 10% however the margin for the quarter was impacted by volatile commodity price movements and limited transmission due to pricing pressure, mainly in poultry feed.
• Vegetable Oil: Strong volume growth in Q4 FY23; however, performance was impacted by lower crude palm oil prices as compared to previous year.
• Crop Protection Business: In Q4FY23, Consolidated revenues stood at ₹242 crore as compared to ₹353 crore in the corresponding quarter of the previous year.
• Dairy: In Q4FY23, revenues stood at ₹399 crore a growth of 19% as compared to the corresponding quarter of the previous year.

OTHER INFORMATION

GODREJ INDUSTRIES LIMITED

CORPORATE STRUCTURE

investments

SIGNIFICANT APPRECIATION IN INVESTMENT VALUE

Company	Business	Holding(%)	Investment atcost(₹ crore)	Market Value ^of investment(₹ crore)
Godrej ConsumerProducts (GCPL)	FMCG, Personal andHousehold Careproducts	23.7%	1,366	23,513
Godrej Properties(GPL)	Real Estate andProperty Development	47.3%	1780	13,564
Godrej Agrovet	Animal Feed, Agriinputs, Poultry, Dairy &Oil Palm	64.9%	1043	5,148
Godrej Capital Ltd	Financial Services	87.2%	1494
Godrej International	International Trading	100%	15
Godrej International &Trading	International Trading &Investments	100%	4
Others		--	23
	Total		5,725

SHAREHOLDING PATTERN AS ON MAR 31, 2023

Major Institutional Investors

THANK YOU FOR YOUR TIME AND CONSIDERATION THANK YOU FOR YOUR TIME AND CONSIDERATION

18 I I Godrej Industries Limited I Q4 & FY 2022-23 | Performance Update | May 19,2023