What worked
- Animal Feed: 3.90KT this qtr, 2% revenue up.
- Processed Food: Revenue 21% up yoy. Mngmnt claims margin improvement is sustainable (Here).
- Domestic Crop Protection: Q3 Rev 172Cr, margin improvement
- Dairy, Bangladesh business
What didn’t work
- Commodity nature continues to impact profitability across different verticals
- Astec’s and Oil palm biz.
References: Presentation and Press release
Disclaimer: I may or may not be invested in Godrej Agrovet or its subsidiaries. I am not SEBI registered and this is not a buy or sell recommendation.
| Subscribe To Our Free Newsletter |
