Godrej Properties sets FY27 booking value target at ₹39,000 crore with ₹48,000 crore launch guidance

Godrej Properties Sets Aggressive FY27 Guidance on Strong Q4 Performance

Godrej Properties reported Q4 FY26 consolidated net profit of nearly ₹650 crore, rising over 70% year-on-year from ₹382 crore in the same period last year. The company delivered its highest ever annual net profit of ₹1,850 crore for FY26, registering a YoY growth of 32%.

With momentum from record-breaking FY26 results, the board has outlined ambitious targets for the fiscal year ending March 2027. For FY27, the company has set guidance targets of ₹20,000 Cr for business development, ₹48,000 Cr for launch value, ₹39,000 Cr for booking value, and ₹24,000 Cr for customer collections. The guidance also includes launch value guidance at ₹48,000 crore, collections at ₹24,000 crore, and delivery target at 13.5 million sq ft.

Strong FY26 Foundation

FY26 pre-sales of Rs 34,200 crore, up 16 per cent YoY (year-on-year), following 56 per cent, 84 per cent, and 31 per cent YoY pre-sales growth over FY23, FY24, and FY25 respectively demonstrates a rapid scale-up in business. Its booking value for the year grew 16 per cent YoY and at a three-year compound annual growth rate (CAGR) of 41 per cent to Rs 34,171 crore in FY26.

The company reported record operating cash flows of ₹7,830 crore in FY26, which it said will support continued investments while maintaining a strong balance sheet. Godrej Properties' collections jumped 17% YoY to ₹19,965 crore in FY26.

Business Development and Pipeline

Godrej Properties reported FY26 business development of ₹42,100 Cr against a target of ₹20,000 Cr, marking 211% growth. This robust portfolio addition underpins confidence in the FY27 launch program. The firm said the aim forms part of a strategic plan to expand its residential portfolio while maintaining focus on delivery and customer satisfaction. Pirojsha Godrej, chair and managing director, outlined the ambition and indicated that the company will align project launches and execution timelines to support the target.

Market Position and Track Record

According to GPL, the company retained its position as India's largest residential developer by booking value for the third consecutive financial year. Godrej Properties has delivered 78 million sq ft area since 2017-18 fiscal.

Historically the company has beaten its booking value guidance by 18% on average. The company also exceeded FY26 targets across most metrics: The company said it has delivered projects aggregating 12.1 million sq. ft. in FY26, achieving 121% of guidance.

Dividend and Shareholder Returns

The board of directors has recommended a dividend of ₹10 per equity share (200%) for FY26, subject to shareholder approval at the upcoming Annual General Meeting. This marks Godrej Properties' highest-ever dividend since its listing and the first payout since 2015, when it last declared a final dividend of ₹2 per share.

FY27 Outlook and Execution Strategy

Godrej Properties is expecting to maintain its growth trajectory on strong consumer demand for homes and has set a target to achieve a 14 per cent increase in pre-sales this fiscal to ₹39,000 crore, its executive chairperson Pirojsha Godrej said.

The company said it will prioritise new launches that match demand patterns and will emphasise timely completions to convert inventory into revenues. Management signalled that product mix and pricing discipline will be calibrated to market conditions to protect margins and sustain sales momentum.

In an interview with PTI, he highlighted that the company has performed very well during the last four years on key financial and operational metrics and said the company sees "no hindrance" in meeting the growth target for the current fiscal despite global uncertainties. However, Pirojsha said the company would remain "watchful" and "careful" to uncertainties caused by West Asia conflict for making any adjustment in its business plan.

Balance Sheet Strength

The company's net debt as of FY26 stood at Rs 6,414 crore. The company's board of directors also approved raising up to Rs 3,000 crore by issue of non-convertible debentures (NCDs), bonds and/or other debt securities on a private placement basis, in one or more tranches. The company had raised Rs 6,000 crore through a qualified institutional placement (QIP) in December 2024.