Godrej Properties Ltd.Record Year, 20% Growth Guidance

Godrej Properties delivered its best-ever year in FY26, achieving record bookings of ₹34,171 crore (up 16% YoY), surpassing guidance at 105%.

The company sold 27 million square feet across 17,513 units, maintaining its position as India's largest residential developer for the third consecutive year. Q4 FY26 was particularly strong with bookings of ₹10,163 crore (up 21% QoQ) and collections of ₹7,947 crore (up 86% QoQ). Business development outpaced expectations dramatically at ₹42,100 crore (59% growth, 200% of guidance). Net profit grew 32% to ₹1,850 crore for the full year.

Management guided FY27 bookings over ₹39,000 crore (20% growth), supported by a robust ₹48,000 crore launch pipeline spanning all major markets. The company initiated a dividend policy signaling a strategic shift toward consistent capital returns. Management remains focused on achieving 20% ROE by FY28 through accelerated project execution, with FY28 positioned as the earnings inflection year when substantial revenue recognition materializes. Near-term geopolitical risks from the Iran conflict caused marginal late-March impact but are normalizing.