Godrej Agrovet Profit Edges Up on Crop and Palm Oil Strength
Godrej Agrovet reported a modest rise in quarterly profit, supported by strong performance in its crop protection and palm oil segments despite slower growth in its core animal feed business. The company posted a consolidated net profit of ₹1.15 billion, slightly higher than ₹1.11 billion recorded during the same period last year, reflecting steady but uneven business expansion.
The company’s revenue from operations increased 11% year-on-year to ₹27.18 billion, driven largely by favourable agricultural conditions. Strong rainfall and growing usage of agricultural inputs such as herbicides and pesticides boosted the crop protection segment, which registered significant growth. Meanwhile, the palm oil business also delivered solid gains, benefiting from reduced imports of palm oil into India from major producing nations like Malaysia and Indonesia.
However, growth in the animal feed division, which contributes nearly half of the company’s total revenue, remained limited, recording a marginal increase. The dairy business also showed moderate growth. Overall expenses rose during the quarter, mainly due to higher raw material costs, which continue to remain the company’s largest expenditure component.
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