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Business Economy


Godrej Agrovet profit zooms 179 pc to Rs 65.48 cr in Q4

New Delhi, May 9 (UNI) Agri-business company Godrej Agrovet has reported a 179% year-on-year rise in consolidated net profit at Rs 65.48 crore for January-March quarter (Q4) of the financial year 2023-24.
The company had posted a profit of Rs 23.47 crore in the Q4 of the previous financial year 2022-23.
During the March quarter of 2023-24, the company's revenue from operations was at Rs 2,134.28 crore as against Rs 2,094.99 crore in the corresponding period of the previous year.
For the full year ending March 2024, Godrej Agrovet reported consolidated net profit of Rs 359.45 crore as against Rs 295.36 crore in the preceding financial year. The consolidated revenues from operations increased to Rs. 9,561 crore in 2023-24 from Rs 9,374 crore in 2022-23.
Commenting on the financial performance, performance, Godrej Agrovet Managing Director B. S. Yadav said, "The financial year 2023-34 augured well for Godrej Agrovet in terms of robust surge in profitability over FY2022-23.
This growth in profitability was primarily driven by exceptional performance of domestic crop protection business, structural turnaround of dairy business, market share gains in Animal Feed and robust volume & margin growth in branded products in our poultry business."
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