BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Godrej Agrovet Ltd.'s animal feed and vegetable oil segments reported strong results but dairy segment reported muted numbers.
We note-
favorable base, aggressive price hikes and revival in layer and broiler feed helped animal feed segment to report 33.9% revenue growth,
steep increase in palm oil prices and better extraction rate resulted in 83.5% higher revenues of vegetable oil segment and
with increase in milk procurement prices, dairy segment reported losses again.
We also note lower out-of-home consumption and closure of hotel-restaurant-cafe due to lockdown resulted in lower off-take for segments like dairy and poultry.
We expect most segments of Godrej Agrovet to show recovery in FY22-23 with favourable base of FY21.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
