ICICI Securities: Godrej Agrovet - A Beneficiary Of Rising Out-Of-Home Consumption 

ICICI Securities: Godrej Agrovet - A Beneficiary Of Rising Out-Of-Home Consumption

Godrej Agrovet Ltd.’s range of products (Source: Company website)

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Three pointers to note from Godrej Agrovet Ltd.’s Q2 FY21:

  1. There is month-on-month recovery in demand from institutional consumers and out-of-home consumption.
  2. Rebranding all dairy products under ‘Godrej Jersey’ brand will strengthen the dairy segment and will improve the ability to raise prices and maintain margins.
  3. The company has continued to reduce investments in working capital which will lead to higher return ratios.

Click on the attachment to read the full report:

ICICI Securities Godrej Agrovet Q2FY21 Result Update.pdf
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This report is authored by an external party. BloombergQuint 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 brokerage and do not represent the views of BloombergQuint.

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