Indian Godrej Agrovet profit jumps on core business growth, land sale gain
India’s Godrej Agrovet posted a 48% jump in quarterly profit on Thursday, helped by strong growth in its animal feed and crop protection segments, as well as a one-time gain from the sale of land. Here are some details: Total revenue rose 9.3% to 23.33 billion rupees during the quarter. Revenue from animal nutrition, the company’s largest segment accounting for over 50% of quarterly revenue, rose 10.8% to 12.70 billion rupees. Crop protection revenue climbed 15.6%, recovering from weather disruptions in the prior quarter; palm oil and dairy businesses remained under pressure. Total expenses for the Godrej Industries’ unit rose 10%. Consolidated profit stood at 1.05 billion rupees, up from 707.8 million rupees a year earlier. Profit was also lifted by a one-time gain of 334.8 million rupees from the sale of land.
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Change of guard: Pirojsha to take over from Nadir Godrej
Nadir Godrej will step down as Godrej Industries Group chair on August 13. His nephew, Pirojsha Godrej, will assume the role of GIG chair. Pirojsha will also chair Godrej Industries, the group's holding company. Nadir's son, Burjis Godrej, will become chair of Godrej Agrovet. This marks a significant generational leadership change within the prominent Indian conglomerate.
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Garuda Aerospace collaborates with Godrej Group Companies Across India for industrial inspection
New Delhi [India], March 2: Garuda Aerospace has successfully completed drone inspection projects for the Godrej Group, including Godrej Consumer Products Ltd, Godrej Agrovet Ltd, Godrej Tyson Foods Ltd, and Godrej Industries, across multiple states such as Maharashtra, Andhra Pradesh, Karnataka, Rajasthan, Gujarat, Assam, Bihar, Uttar Pradesh, Goa, Tamil Nadu, and others. The inspections included chimney and stack assessments, ultrasonic thickness (UT) testing, visual and thermal inspections and large-scale sanitization operations, leveraging drone technology to ensure safety, precision, and efficiency even in challenging environments.
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Godrej Agrovet expanding product portfolio, strengthening distribution networks in North and East for Crop Protection biz
The company’s new plant for the crop protection business in Gujarat’s Dahej, expected to be commissioned by May this year, will manufacture newly-launched products along with existing products
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Godrej Agrovet bets on new crop launches to revive growth
Godrej Agrovet is boosting its crop protection business. The company is adding more crops to its offerings and launching new products. A new manufacturing plant in Gujarat will support these efforts. This strategy aims to counter a slowdown in the agrochemical industry. The company expects demand to recover with new product introductions and a normal monsoon.
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Why TCS, CUB, Marico, GRSE, Shree Refrigerations, HAL, Ceigall, Godrej Agrovet, Axiscades, Anant Raj, UVS Hospitality to remain active in today’s trade
Redzone partners with TCS to modernise manufacturing, City Union Bank gets RBI nod for new MD, Marico SEA acquires Vietnam-based Skinetiq, and multiple Indian companies secure strategic orders and partnerships across defence, renewable energy, and AI sectors.
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India's Godrej Industries eyes acquisitions in consumer sector, group chair says at Davos
Godrej Industries is actively seeking acquisitions in consumer goods and animal feed sectors, despite high valuations for young companies. Group chair Nadir Godrej highlighted India's strong growth as a driver for these elevated valuations. The conglomerate's food and agri business, Godrej Agrovet, is also exploring opportunities in the animal feed category.
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Godrej Agrovet partners with Maharashtra to empower women farmers in State
This three-year partnership aims to mobilise self-help groups and women farmers to adopt good agricultural practices and integrated pest management, improving farm productivity and creating resilient livelihoods
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Godrej honcho upbeat on Vidarbha cotton, says need to upgrade BT
Nagpur: Agri sector major, Godrej Agrovet's executive director, Burjis Godrej, said the company is working closely with the Maharashtra govt as well a.
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Godrej Industries crosses Rs 10,000 crore investment mark in Telangana, announces new Rs 150 crore Godrej Jersey Dairy facility
Creamline Dairy Products Limited, the company behind the Godrej Jersey brand and a key subsidiary of Godrej Agrovet, has strengthened...
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