About Godrej Agrovet Ltd-Part I

Godrej Agrovet Limited is a diversified, Research & Development focused agri-business company, dedicated to improving the productivity of Indian farmers by innovating products and services that sustainably increase crop and livestock yields. It holds leading market positions in the different businesses in which it operates - Animal Feed, Crop Protection, Oil Palm, Dairy and Poultry and Processed Foods. Business Segments 1) Animal Feed Business (47% in H1 FY25 vs 50% in FY22): [1] [2] The company is a leading compound feed player across Cattle Milk, Broiler, Layer, Fish and Shrimp feed in India. In addition, it operates a joint venture, ACI Godrej Agrovet Pvt Ltd in Bangladesh. The segment revenue grew by 15% between FY22 and FY24, driven by an overall volume growth of 10% and a sales realization growth of 4%. 2) Dairy (17% in H1 FY25 vs 13% in FY22): Its subsidiary Creamline Dairy Products is a leading private dairy player in Southern India with operations across Telangana, Andhra Pradesh, Tamilnadu, Karnataka, and Maharashtra. Its product portfolio includes milk, curd, yogurt, buttermilk, lassi, paneer, thick shakes, flavored milk, cooking butter, etc, sold under the Jersey brand. The segment revenue grew by 34% between FY22 and FY24, and the share of value-added products improved from 29% in FY22 to 32% in Q2 FY25. 3) Vegetable Oil (14% in H1 FY25 vs 14% in FY22): The company is India’s largest oil palm processor with a market share of 30% and works directly with more than 11,000 farmers for the entire crop lifecycle. It produces Crude Palm oil (CPO) and Palm Kernel Oil (PKO). It has about 2,00,000 hectares of potential area of plantation. The segment revenue declined by 3% between FY22 and FY24, due to lower sales volumes and a drop in realizations.