Freshly caught shrimp sit in a bin. (Photographer: Susana Gonzalez/Bloomberg)

Godrej Agrovet Says Growth Momentum To Continue In Animal Feed Segment

Godrej Agrovet Ltd. expects the volume growth momentum in its animal feeds segment to continue, its Managing Director Balram Singh Yadav said.

India’s largest animal feed maker registered a growth of 19 percent in the segment during the April-June period, Yadav told BloombergQuint in an interaction.

Key earnings highlights (Q1, YoY):

  • Revenue up 8.5 percent at Rs 1,488 crore.
  • Profit up 9 percent at Rs 120 crore.
  • Ebitda up 8 percent at Rs 143 crore.
  • Margins at 9.6 percent versus 9.7 percent.

Shares of Godrej Agrovet declined for the third straight trading session. The stock fell as much as 3.2 percent to Rs 605 in today's trade.