Godrej Agrovet - Commodity Price Inflation To Boost Revenues: ICICI Securities 
Godrej Agrovet Ltd.’s range of products (Source: Company website)

Godrej Agrovet - Commodity Price Inflation To Boost Revenues: ICICI Securities 

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

Analysing the price curve of commodities that influence Godrej Agrovet Ltd.’s revenues, we note -

1. the 68% increase in prices of palm oil in past year is likely to drive revenues and profitability the vegetable oil segment;

2. the ~8% YoY increase in milk prices will boost revenues from cattle feed, but will impact the profitability of the dairy segment;

3. shrimp prices have increased from $11.35/kilogram in October 2020 to $11.93/kg in February 2021 and this is likely to boost revenues from shrimp feed; and

4. revival in prices of chicken and egg (after a decline due to bird flu) will increase revenues from poultry and poultry feed.

Click on the attachment to read the full report:

ICICI Securities GAVL Company Update.pdf


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