Commenting on the performance, Mr. A.B. Godrej Chairman, Godrej Industries Limited, said:

I am pleased to share with you that our overall performance in fiscal year 2012-13 has been good despite economic uncertainty in the global scenario.

Our agri businesses recorded encouraging growth in a challenging environment and despite a highly irregular monsoon. 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 and we are positive about its potential.

Godrej Properties witnessed a year of strong growth and continued momentum with revenues, booking and net profits growing significantly. Having added 8 new projects in 2013, which include 5 redevelopment projects in Mumbai, we are meaningfully expanding our presence. Further, we have built considerable launch momentum this year with thirteen successful launches across the country including Mumbai, NCR, Bangalore, Pune, Ahmedabad and Kolkata. Our national presence, strong brand equity, differentiated business model and a large number of new projects should enable us to deliver strong growth in the coming years.

Godrej Consumer Products had a good year and delivered robust performance in the domestic and international markets. Intensified focus on innovation and backing new products with strong marketing investments have helped us sustain leadership position in our core categories. Going forward, we remain optimistic of continuing the strong growth momentum.

For our Chemicals business, it has been a tough year on account of the volatility in the global macro economic environment and raw material price fluctuations. We believe that these challenges are transitory.

At Godrej Industries, we will continue to strengthen our core businesses and harness opportunities in a diverse array of businesses. Our growth-centric strategy has enabled us to create value over the long-term and we are confident of continuing to deliver value for all our stakeholders going forward.

For quarter ended March 2013

The net sales increased by 2% to Rs 1457.54 crore due to 18% growth in animal feeds business and 15% growth in other business. Rest of the segments has shown de-growth.

OPM inclined by 450 bps to 7.2% due to fall in purchase of traded goods by 550 bps to 13.64% and raw material cost by 450 bps to 48.66% of adjusted net sales. As a result, the operating profit inclined by 170% to Rs 105.4 crore.

Other income has decreased 70% to Rs 14.57 crore. The interest cost declined by 18% to Rs 24.1 crore. Depreciation has increased by 23% to Rs 16.33 crore. As a result, the profit before tax before exceptional items stood at Rs 79.54 crore, growth of 79%.

Exceptional expenses stood at Rs 1.98 crore which is profit on sale of long term investment of Rs 0.34 crore and provision for diminution in value of investments/loans of Rs 2.32 crore. The tax outgo stood at Rs 29.62 crore. The net profit after considering PPT, share of profit from associates companies and minority interest has increased by 119% to Rs 93.67 crore due to rise in margin.

For the year ended March 2013

Net sales grew by 24% to Rs 6964.32 crore on back of 33% growth in animal feeds business, 34% in vegetable oil business, 25% in estate & property development and 27% in finance & Investment business.

OPM has increased by 70 bps to 5.4%. The operating profit has increased by 42% to Rs 377.38 crore.

Other income has declined by 46% to 52.82 crore. Interest cost stood at Rs 110.34 crore. Depreciation was up by 6% at Rs 59.45 crore. The profit before tax before exceptional items stood at Rs 260.41 crore, inclined by 33%.

Exceptional income has inclined by 76% to Rs 165.41 crore which is profit on sale of long term investment of Rs 180.31 crore ,provision for diminution in value of investments/loans of Rs 10.48 crore and voluntary retirement compensation of Rs 4.42 crore. Total tax outgo increased by 41% to Rs 134.21 crore. The net profit after considering PPT, share of profit from associates companies and minority interest has increased by 34% to Rs 391.18 crore.

Chemicals

The revenues declined by 1% to Rs 328.75 crore for Q4 FY13. The performance of the Chemicals business was impacted on account of raw material price fluctuation and a difficult economic environment. PBIT margin declined by 460 bps to 6.4%. PBIT was down by 43% to Rs 20.98 crore. The category contributed around 22% to the revenues and14% to total PBIT

For FY13, the revenue of this category grew by 3% to Rs 1324.36 crore. Export revenues stood at Rs 515 crore. PBIT margins of the division decreased by 437 bps to 5%. The PBIT decreased 45% to Rs 65.8 crore. The category contributed around 18% to the revenues and 9% to total PBIT.

Animal Feeds

Revenue has grown 18% to Rs 552.86 crore for Q4 FY13. PBIT margin was up by just 12 bps to 6.8%. There was increase in PBIT by 20% to Rs 37.58 crore. The category contributed around 36% to the revenues and 24% to total PBIT.

For FY13, the revenue grew by 33% to Rs 2322.87 crore. PBIT margin of the division declined by 13 bps to 5.3%. The PBIT increased by 18% to Rs 123.79 crore. The category contributed around 31% to the revenues while the contribution to total PBIT stood 18%.

Vegetable oils

Sales declined 46% during Q4 FY13 to Rs 156.34 crore. There was loss at PBIT level stood at Rs 1.19 crore.

For FY13, the revenue has increased by 34% to Rs 1655.07 crore. PBIT margin of the division has decreased by 140 bps to 3%. As a result, PBIT decreased by 8% to Rs 49.6 crore. The category contributed around 22% to the revenues while the contribution to total PBIT stood 7%.

Estate and property developments

Sales of this business decreased by 22% to Rs 334.63 crore for Q4 FY13. PBIT margin has inclined by 1820 bps to 27.7%. The PBIT increase by 126% to Rs 92.83 crore. The category contributed around 22% to the revenues and 60% to total PBIT.

Godrej Properties Limited has launched flagship commercial project at Godrej BKC, Bandra-Kurla Complex, Mumbai. It has sustained new deal momentum with 3 new projects with 2.3 mn. sq.ft. of saleable area in Q4. It has added a second redevelopment project at Sahakar Nagar, Chembur with 0.75 mn. sq. ft. saleable area. It has entered a joint venture agreement for 1.5 million sq. ft. saleable area at Undri, Pune. redevelopment project with approx. 95,000 sq. ft. saleable area in Malad, Mumbai.

For FY13, the revenue increased by 25% to Rs 1121.92 crore. PBIT margin have inclined by 590 bps to 23.3%. The PBIT inclined by 67% to Rs 261.62 crore. The category contributed around 15% to the revenues and 37% to total PBIT.

Finance and investments

This business revenue has decreased by 60% to Rs 15.86 crore while PBIT has declined by 54% to Rs 4.49 crore for Q4 FY13. The category contributed around 1% to the revenues and 3% of total PBIT.

For FY13, this business revenue has increased by 27% to Rs 273.7 crore while PBIT has increased by 67% to Rs 190.67 crore. The category contributed around 4% to the revenues and 27% of total PBIT.

Other Developments

During the year the Company has sold part of it's holding in its subsidiary viz Godrej Agrovet Limited , entire holding in M*Modal Inc. and in its joint venture company viz Godrej Hershey Limited. The profit/loss on sale of this investment has been included under exceptional item.

During the quarter Swadeshi Detergents Limited has become 100% subsidiary of the Company. The Board of Directors has approved a Scheme of Amalgamation of Swadeshi Detergents Lmited with the Company. Accordingly, the Company has filed the scheme petition under section 391 to 394 of the Companies Act, 1956 with the Bombay High Court.

The Board has recommended a final dividend of Rs.1.75 per share.

Valuation

The scrip is trading around 303.75 at BSE.

The total promoters holding in the company stand at 74.96%.