Godrej Agrovet Limited (NSE: GODREJAGRO) is a leading Indian diversified agribusiness company, with a presence in the animal feed, crop protection, oil palm, dairy, poultry, and processed foods sectors. The company is part of the Godrej Group, a leading Indian conglomerate with a presence in several industries.
Revenue from Operations for the third quarter of FY23 were ₹2,323.5 crore, a 12% increase from the ₹2,078.01 crore earned during the same quarter last year. The company’s animal feed business, which contributes the largest share to its revenue, saw a growth of 14.6% during the year, driven by higher volumes and better realizations. This segment generated a Revenue of ₹1,272.45 crore in this quarter.
The company’s Dairy and Poultry segment also saw strong growth in revenue. Both these segment increased by 21% and 38% up to ₹347.8 crore and ₹280.49 crore, respectively. The Consolidated Net Profit was ₹114.59 crore up from ₹62.39 crore year on year. Earnings per share for this quarter was ₹6.06.