BQ Prime’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 BQ Prime’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; dairy registered YoY growth of 20.2%. We note-
continued growth momentum in all feed categories led to 38.2% YoY revenue growth in animal feed segment, and
steep increase in palm oil prices resulted in 163.8% YoY higher revenues in vegetable oil segment.
Godrej Agrovet continued its efforts toward product portfolio expansion.
The company has also gained market shares across subsegments such as broiler feed, shrimp feed, cattle feed and dairy.
We model Godrej Agrovet to report revenue and profit after tax compound annual growth rate of 19.3% and 17.3%, respectively, over FY22- 24E, and remain confident of creation (return on equity more than cost of equity).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.