Godrej Agrovet Q4 Review - Dairy Segment Continues To Disappoint: ICICI Securities
Godrej Agrovet Ltd.’s range of products (Source: Company website)

Godrej Agrovet Q4 Review - Dairy Segment Continues To Disappoint: 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

Three pointers from Godrej Agrovet Ltd.'s Q4 FY21:

  1. Lower demand from hotel-restaurant-cafe sector for milk, eggs and chicken continues to impact overall consumption of these commodities. It also affected the animal feed segment.

  2. Dairy segment continues to report weak numbers in-spite of lower milk procurement prices and re-branding under ‘Godrej Jersey’ brand.

  3. The company shifted from supplier financing to short term borrowings with lower cost of borrowing.

We expect most segments of the company to show recovery in FY22 with favourable base of FY21.

Click on the attachment to read the full report:

ICICI Securities Godrej Agrovet Q4FY21 Results Update.pdf


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