ICICI Securities: Godrej Agrovet - A Beneficiary Of Rising Out-Of-Home Consumption 
Godrej Agrovet Ltd.’s range of products (Source: Company website)

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

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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