Agricultural Products company Godrej Agrovet announced Q1FY25 results: The Company reported consolidated revenues from operations of Rs 2,350.8 crore in Q1FY25 as compared to Rs 2,510.2 crore in Q1FY24 Consolidated EBITDA increased to Rs 253.7 crore from Rs 206.7 crore in Q1FY24, a growth of 23% YoY Profit Before Tax increased to Rs 168.9 crore from Rs 124.5 crore in Q1FY24, a growth of 36% YoY Commenting on the performance, B. S. Yadav, Managing Director, Godrej Agrovet, said: Godrej Agrovet continued to demonstrate strong growth in profitability and margin expansion in the first quarter of FY25. The growth in profitability was mainly driven by robust volumes & improved realisations in the domestic Crop Protection business and margin expansion in Animal Feed and Dairy businesses. In the domestic Crop Protection business our segment margins improved significantly from 32% in Q1FY24 to 45% in Q1FY25 due to robust volume growth and higher realizations across most categories. In our Animal Feed business our segment margins improved remarkably due to favorable commodity positions while the volume growth was impacted due to subdued milk prices and lower placements. Profitability of the Dairy business improved significantly as compared to Q1FY24 due to consistent improvement in operational efficiencies and improved milk spread. In our Poultry business, volumes from branded products increased by 17% YoY and revenues declined primarily due to lower volumes in live bird business as business continued to focus on branded products. Astec LifeSciences was adversely impacted by challenging market conditions. The continued pricing and demand headwinds in the enterprise products resulted in lower volumes and also necessitated write down of inventories. Deferral in execution of CDMO orders further compressed margins and led to a sharp drop in Astec’s profitability. Vegetable Oil business suffered from fall in Fresh Fruit Bunch (FFB) arrivals and lower Oil Extraction Ratio (OER). Result PDF