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.