Godrej Agrovet's Q4 net profit surges to Rs 65.48 crore

Godrej Agrovet reported a surge in Q4 net profit to Rs 65.48 crore, up from Rs 23.47 crore last year. Total revenue grew 1.87% to Rs 2,134.28 crore. The strong performance was driven by domestic crop protection, dairy business turnaround, and growth in animal feed and poultry businesses.

Godrej Agrovet (GAVL) on Wednesday said its consolidated net profit jumped to Rs 65.48 crore in the March 2024 quarter from Rs 23.47 crore a year ago.

Its total revenue from operations grew 1.87 per cent to Rs 2,134.28 crore during the quarter under review compared to Rs 2,094.99 crore in the year-ago period.

''The financial year 2023-34 augured well for Godrej Agrovet in terms of a robust surge in profitability over FY23. This growth in profitability was primarily driven by the exceptional performance of the domestic crop protection business, structural turnaround of the dairy business, market share gains in Animal Feed and robust volume and margin growth in branded products in our poultry business,'' Godrej Agrovet Managing Director B S Yadav said.

Shares of the company on Wednesday closed at Rs 586 apiece, up 4.23 per cent on BSE.

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