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Godrej Agrovet Ltd.    
03 Aug 2022
505.70
0.53%
Godrej Agrovet Ltd.    
02 Aug 2022
505.70
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Godrej Agrovet Ltd - 540743 - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
BSE India
Godrej Agrovet Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here
Godrej Agrovet Ltd.    
01 Aug 2022
505.70
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Agricultural products company Godrej Agrovet announced Q1FY23 results:

  • Q1FY23 consolidated total income increased to Rs. 2,517.5 crore from Rs. 2,003.2 crore in Q1FY22, a growth of 25.7% YoY
  • Company reported consolidated EBITDA of Rs. 169.3 crore in Q1FY23 as compared to Rs. 180.0 crore in QFY22
  • Company reported Profit before tax of Rs. 102.8 crore in Q1FY23 as compared to Rs. 126.2 crore in Q1FY22

Commenting on the performance, Mr. B. S. Yadav, Managing Director, Godrej Agrovet Limited, said: "Godrej Agrovet started financial year 2022-23 with a robust growth in volumes and topline in the first quarter ended June 30, 2022. All of our businesses, with the exception of Crop Protection, registered a strong volume growth. We achieved year-on-year growth of 25.7% to clock total income of Rs. 2,517.5 crore in Q1 FY23. However, it was a challenging quarter in terms of profitability as most of our businesses recorded margin contraction owing to combination of factors such as high cost inventory, input cost inflation, deferment of sales and limited transmission etc. Decline in margin was witnessed in Animal Feeds, Crop Protection and Dairy businesses while Vegetable Oils and Poultry segments reported a growth in operating margin.

On Macro front, the arrival of south-west monsoon was late by few weeks and therefore, led to delay in sowing of Kharif crops, especially Cotton. Soymeal prices declined sharply in May 2022 as Government of India allowed import of GM soymeal to the tune of 0.55 million MT. Crude Palm Oil prices reached record high levels in May 2022 owing to three-week exports ban by Indonesian Government, a largest producer and exporter of palm oil. Prices have been gradually correcting since the lifting of exports ban in the last week of May. In Dairy sector, milk procurement prices continued to increase further along with other input costs as well. In Poultry sector, live bird prices were considerably higher than the previous year and remained well above the feed costs.

Our Animal Feed business recorded double-digit growth in volumes, however suffered from high cost inventories of key raw materials. Vegetable Oil business continued to reap benefits of higher oil prices and improved efficiency levels as segment results grew by 2.6x year-on-year. Standalone Crop Protection business was impacted by deferred liquidation on account of delayed Kharif sowing and lower placements to maintain channel hygiene. Astec LifeSciences reported another quarter of significant increase in topline; however, growth was constrained by deferment of revenues while margin contraction in one of the products impacted bottomline performance. Both of our Food businesses reported strong volume growth year-on-year. For Poultry and Processed Food business, Q1 was a very good quarter led by favorable demand dynamics in Real Good Chicken (RGC) and significant increase in Live Bird prices throughout the quarter. Our Dairy subsidiary, Creamline Dairy achieved further market share gains in key value-added products registering 47.6% topline growth. However, sustained rise in procurement and packaging costs led to subdued profitability

During the quarter, Godrej Agrovet successfully completed submission of Greenhouse Gas (GHG) emissions reduction roadmap target in line with Science Based Target’s (SBTi) “Well Below 20C” scenario. In doing so, GAVL became first Agri company in India to commit to reduction in Scope 1 & Scope 2 GHG emissions by 37.5% and Scope 3 emissions by 16.0% by FY 2035. We also continued to make good progress in achieving 2025 sustainability targets."

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Godrej Agrovet Ltd.    
31 Jul 2022
505.70
0.53%
Godrej Agrovet Ltd.    
30 Jul 2022
505.70
0.53%
Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Newspaper Publication
BSE India
Pursuant to Regulation 30 read with Schedule III and Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed e-copies of the newspaper publication of the Unaudited Financial Results for the Quarter ended June 30, 2022 (approved by the Board of Directors at its Meeting held on Friday, July 29, 2022, upon recommendation of the Audit Committee), published by the Company today i.e. on Saturday, July 30, 2022 in Financial Express and Business Standard (in English language) and Loksatta and Mumbai Lakshdeep (in Marathi language). Kindly take the above on your records.
Godrej Agrovet Ltd.    
30 Jul 2022
505.70
0.53%
Godrej Agrovet Ltd - 540743 - Appointment Of Mr. Burjis Godrej (DIN: 08183082) As An 'Executive …
BSE India
The Shareholders at their 31st Annual General Meeting held on Friday, July 29, 2022 at 4.00 p.m. (IST), have approved the appointment of Mr. Burjis Godrej (DIN: 08183082), as an 'Executive Director' on the Board of the Company, for a term of 5 (Five) Years to be effective from November 1, 2022 upto October 31, 2027, on such terms and conditions and remuneration as disclosed in the notice of the 31st Annual General Meeting of the Company. The aforementioned information is also available on the website of the Company viz. www.godrejagrovetcom.
Godrej Agrovet Ltd.    
30 Jul 2022
505.70
0.53%
Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
BSE India
The Shareholders, at their 31st Annual General Meeting held on Friday, July 29, 2022 at 4.00 p.m., have approved the re-appointment of B S R & Co. LLP, Chartered Accountants, as the Statutory Auditors for a second term of 5 (five) years to hold office from the conclusion of 31st Annual General Meeting upto the conclusion of 36th Annual General Meeting of the Company i.e., to conduct the Statutory Audit of the Company from the Financial Year 2022-23 upto the Financial Year 2026-27, at such remuneration as may be mutually agreed between the Board of Directors and Statutory Auditors for conducting the audit. The aforementioned information is also available on the website of the Company viz. www.godrejagrovetcom.
Godrej Agrovet Ltd.    
30 Jul 2022
505.70
0.53%
Godrej Agrovet Ltd - 540743 - Re-Appointment Of Mr. Balram S. Yadav (DIN: 00294803) As The …
BSE India
The Shareholders have approved the re-appointment of Mr. Balram S. Yadav as the 'Managing Director' of the Company for a further period commencing from September 1, 2022 upto April 30, 2025, on such terms and conditions and remuneration as disclosed in the notice of the 31st Annual General Meeting of the Company. The aforementioned information is also available on the website of the Company viz. www.godrejagrovetcom.
Godrej Agrovet Ltd.    
30 Jul 2022
505.70
0.53%
Godrej Agrovet Ltd.    
30 Jul 2022
505.70
0.53%
175 Votes:
Buy 72.0%
Sell 16.57%
Hold 11.43%
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