1/8/2024, 6:27:02 pm

Godrej Agrovet Q1 Results | Net profit rises 23% to ₹132 cr

Godrej Agrovet Ltd reported a 22.9% YoY increase in net profit to ₹131.6 crore in Q1 FY24, driven by a 17.2% increase in EBITDA to ₹226.2 crore. Revenue declined 6.4% to ₹2,350.8 crore due to lower prices and volumes. The company also approved the acquisition of 49% stake in GTFL and plans to set up a new feed plant in Maharashtra.