Godrej Agrovet
On Palm oil business – some interesting stats – from their concall.
Their existing Palm oil plantation of about 25k to 30k Hector
(45k Hector in total, but 60% mature )
This year Palm oil revenue: 1300 Cr, PAT of 249 Cr.
From new allocation ( in Odisha & Telangana )=Theoratically possible Plantation is close to 100k Hector
That’s about 4X from current levels ( 25-30 k Hector ) in next 5-6 year…
Moreover, Goverment is encouraging more palmoil production at home and thus, in my view, this allocation of land MAY increase going forward as well…
All in all, I am expecting significant jump in revenues from palm oil business going forward. Obviously not in short term but in long term.
Disc: Invested, biased views
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