Crop protection and dairy business boost operating profitability

Company
11 Mar 2024
5 Min read 
  • Godrej Agrovet reported a healthy operating performance in Q3FY24, driven by improved profitability in crop protection and dairy business.
  •  The animal feed and palm oil businesses had a muted performance, while the poultry and processed food business witnessed an operating loss.
  •  The company expects growth in its CDMO business and plans to focus on improving FFB yields in the palm oil segment.
  •  The dairy business saw a rise in revenue and operating profit due to operational efficiencies and lower raw material costs.
  •  The company retains a neutral rating on the stock with a target price of INR525.
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