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Godrej Industries has reported a 119 per cent increase in net profit from Rs 43 crore to Rs 94 crore for the fourth quarter.
Net income, however, fell 0.4 per cent to Rs 1,472 crore (Rs 1,479 crore).
Adi Godrej, Godrej Industries Chairman, said, “It has been a tough year for the chemicals business on account of the volatility in the global macro economic environment and raw material price fluctuations. We believe that these challenges are transitory.”
“Our agri businesses recorded encouraging growth in a challenging environment and despite a high irregular monsoon,” he said.
“With our focus on adding innovative products and with new capacities, our agri businesses will continue on its growth momentum in the years to come.”
Godrej Seeds, launched last year, made good progress during the year, he added.
purvita@thehindu.co.in
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