• Sign Up
  • |
  • Sign In Sign Out
  • |
  • Make us your home
  • |
  • RSS
1 2
1 15
1 4
1 9
1 14
IPO
1 25
1 5018
B2B
1 5018
  • LGT BANK TO NDTV: PRIVATE SECTOR DEMAND IN U.S. STILL NOT STRONG ENOUGH TO SUPPORT RECOVERY
  • LGT BANK TO NDTV: SEE ANOTHER CRR HIKE IN CHINA TO TIGHTEN MONETARY POLICY
  • COPPER UPDATE: COPPER DROPS IN SHANGHAI AS RISING IMPORTS ADD TO SUPPLIES
  • GOLD UPDATE: GOLD RISES FOR THE FIRST TIME IN FOUR DAYS ON FRESH BUYING
  • CRUDE OIL UPDATE: CRUDE OIL FALLS ON STRONGER USD, REDUCED OPEC COMPLIANCE
  • F&O CUES: STOCK FUTURES ADD 1.8 CRORE SHARES IN OPEN INTEREST
  • F&O CUES: INDIA VIX COLLAPSES A FURTHER 3.4% TO A NEW ALL TIME LOW
  • F&O CUES: TOTAL BUILD UP IN THE 5000 PUT TO A RECORD HIGH OF 1.01 CR
  • F&O CUES: 5000 PUT ADDS A FURTHER 12.9 LAKH SHARES IN OPEN INTEREST
  • F&O CUES: MARCH PUT-CALL RATIO RISES TO 1.57 ON THE BACK OF PUT-WRITING
  • F&O CUES: NIFTY MAR FUTS END WED AT A PREMIUM OF 2 PTS VS A DISC OF 4.45 PTS ON TUES
  • F&O CUES: NIFTY FUTURES ADD 1.6 LAKH SHARES IN OPEN INTEREST
  • GUJARAT NRE COKE: GUJARAT NRE TO INVEST A $500 MN IN ILLAWARRA COAL OPERATIONS
  • ASIAN MARKETS: ASIAN STOCKS RISE ON OUTLOOK FOR JAPAN, MSCI AP INDEX RISES 0.5%
  • U.S. ECO DATA: WHOLESALE INVENTORIES FELL UNEXPECTEDLY BY 0.2% IN JAN
  • U.S. MARKETS: US STOCKS UP FOR THE SECOND CONSECUTIVE DAY, FINANCIALS RALLY
  • U.S. MARKETS: DOW JONES UP 0.03%, NASDAQ UP 0.78%, S&P 500 UP 0.45% (WEDNESDAY CLOSING)
  • PM ECO PANEL: CASE FOR FUEL PRICE HIKE IF CRUDE PRICES RISE FURTHER
  • PM ECO PANEL: CASE FOR FUEL PRICE HIKE IF CRUDE PRICES RISE FURTHER
  • EMAAR MGF IPO: EMAAR MGF MAY HIT THE MARKET BY MID-APRIL: SOURCES
  • NMDC FPO UPDATE: SBI PUTS IN BIDS WORTH RS.500 CR, LIC WORTH RS.300 CR ON DAY 1: SRCS
  • NMDC FPO UPDATE: ONLY 10 LAKH SHARES OF RETAIL SUBSCRIBED ON DAY 1: SOURCES
  • NMDC FPO UPDATE: NMDC FPO SUBSCRIBED 0.17 TIMES ON DAY 1 OF ISSUE
  • NSE NEWS: NSE TO INTRODUCE RUPEE-BASED DJ FUTURES, S&P 500 FUTURES TRADING
  • NSE NEWS: NSE TO EXPLORE LISTING MORE INDIA-LINKED PRODUCTS ON SGX
  • NSE NEWS: NSE AND CHICAGO MERCANTILE EXCHANGE IN CROSS-LISTING PACT
  • FUND ACTION: DOMESTIC FUNDS NET SELL RS.375.42 CR IN EQUITIES ON MARCH 10 (PROVISIONAL)
  • FUND ACTION: FOREIGN FUNDS NET BUY RS.364.36 IN EQUITIES ON MARCH 10 (PROVISIONAL)
  • VIDEOCON IND: BOARD FIXES RATIO AT 2 SHARES FOR EVERY 9 HELD
  • VIDEOCON IND: BOARD APPROVES RIGHTS ISSUE AT RS.225/SHARE
Updated: 27/01/2010 | 08:49 PM IST
Bad days are over
Adi Godrej
Wednesday, January 27, 2010 (New Delhi)
Comments:
Read (0)

The third quarter result of the Godrej Group has injected fresh blood in the market. Buoyed by the rising demand in all business sectors of the company, Adi Godrej, chairman of the Godrej Group, is expecting to repeat such performance not only in the next quarter, but also in the next financial year.

NDTV: How was the quarter for you?

Adi Godrej: The third quarter was excellent. Every body knows October-December 2008 was the poor quarter for our company, but thereafter, we have done well in all sectors especially, in agriculture, properties and consumer products. The GIL Godrej share holding in consumer products has increased from 20 to 25 per cent.

NDTV: Continuing with the chemicals business, you are exporting 67 countries. Can you tell us what kind of demand situation is looking like for you?

Adi Godrej: Last year, at the same point of time, prices for raw materials were high, demand was considerably very low. But, now demand has picked up and the chemical sector is expected to perform well. By considering this fact, we are expecting good performance in chemical sector this year and in coming year as well. But it is true for all our business sectors.

NDTV: What about agriculture business? Can you give us some more aspect about the outlook of this business in the pricing aspect?

Adi Godrej: We don’t use agro commodity in food sense. Basically, we deal in animal feed where raw material demand is benign. Hence, the finished product demand is very good. Palm oil business is doing well because its demand has risen. Being the largest producer of the palm oil we are doing well in palm oil business. So, overall we are doing well in agro business.

NDTV: We all know that you do not give guidance. But, on the basis of such performance, can you give us the kind of performance you are expecting in the next financial year? Can we expect 20 to 25 percent growth in the financial year 2011?

Adi Godrej: I won’t give you any number. But, we are expecting good performance in the fourth quarter and off course in the financial year 2011 as well.

Comments:
Read (0)
Comments
 
Market Watch
         
Graphs
Stocks

                                Moremore
Stock Dashboard
Trading Calls
Simi Bhaumik
Simi Bhaumik
-0.27% status
Current: Rs 1288.8
Nikita Sureka
Nikita Sureka
0.20% status
Current: Rs 637.6
Stock Recos
The counter doesn’t look promising from short-term perspective
The counter looks bearish
Buy or Sell
Today's Analyst: Phani Shekhar
Query : Satyanarayan, from Tamil Nadu, has 2945 shares of RCom at Rs 320/share.
TV Schedule