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.
Godrej Agrovet Limited was incorporated in 1991 and is based in Mumbai, India. The company is a subsidiary of Godrej Industries Limited. The company was originally incorporated as a private limited company with the name 'Godrej Agrovet Private Limited' on November 25, 1991, in the state of Gujarat. The company became a deemed public limited company with effect from April 27, 1992.
Godrej Agrovet has a market capitalization of ₹15,081 Crore as of July 2025, with revenue of ₹9,383 Crore and profit of ₹403 Crore. The company has a promoter holding of 67.6%. The company's financial metrics show the stock is trading at 6.35 times its book value.
For the financial year ended March 2025, the company reported a net profit of ₹429.72 Crore, representing a 19.48% increase from ₹359.67 Crore in the previous year. However, sales declined 1.79% to ₹9,356.15 Crore compared to ₹9,526.45 Crore in the previous year.
Key Financial Highlights (FY25):
- Net Profit: ₹429.72 Crore (+19.48% YoY)
- Revenue: ₹9,356.15 Crore (-1.79% YoY)
- Q4 FY25 Net Profit: ₹70.78 Crore (+23.89% YoY)
- Q4 FY25 Revenue: ₹2,125.46 Crore (+0.33% YoY)
The company's most recent quarterly performance shows mixed results. In Q3 FY25, the company's revenue jumped 4.47% to ₹2,472.05 Crore, while net profit jumped 21.4% to ₹111.49 Crore compared to the same period last year.
Godrej Agrovet operates across multiple business segments including Animal Feed, Crop Protection, Oil Palm, Dairy, and Poultry and Processed Foods.
Animal Feed Business: The Animal Feed segment contributes 47% of revenue in H1 FY25, down from 50% in FY22. 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%.
Oil Palm Business: The company engages in oil palm cultivation with approximately 75,000 hectares of plantations across Andhra Pradesh, Telangana, Tamil Nadu, Goa, Maharashtra, and Mizoram, producing crude palm oil, crude palm kernel oil, and palm kernel cake.
Crop Protection: The company produces and markets crop protection products, including plant growth regulators, organic manures, bio-stimulants, crop protection chemicals, herbicides, and homobrassinolides.
Dairy Business: The company operates through Creamline Dairy Products Limited (CDPL), one of the leading private dairy companies in southern India. Its products are sold under the brand name 'Godrej Jersey' and had a turnover of ₹1,540.50 Crore in FY24.
Processed Foods: The company manufactures and markets poultry and meat products under the Real Good Chicken name; vegetarian and non-vegetarian ready-to-cook products under the Godrej Yummiez name.
In April 2025, Godrej Agrovet reappointed Balram Singh Yadav as Managing Director until August 2025, while Sunil Kataria was appointed CEO & MD-designate from May 2025, pending shareholder approval. Sunil Kataria is a graduate in economics from Delhi University and an MBA in marketing from IMT Ghaziabad. He brings a wealth of expertise in building future-ready organizations and driving business growth.
The company has also made significant acquisitions, including acquiring the remaining 48.06% equity stake in Creamline Dairy Products Limited from existing shareholders to make it a wholly-owned subsidiary. Pre-acquisition, the company held 51.94% shares, and post-acquisition, it will hold 100% equity shares in CDPL. The transaction is expected to be completed on or before September 30, 2025.
The Board of Directors has recommended a final dividend of ₹11 per equity share (110%) for FY 2024-25, subject to shareholder approval. The company has fixed August 1, 2025, as the record date for the purpose of final dividend for FY 2024-25, and the dividend, if approved, shall be paid on or before August 11, 2025.
The company will hold its 34th Annual General Meeting on August 6, 2025. The stock has shown strong performance over various time periods, with a 15.56% gain in the last month, 4.48% gain in the last 3 months, 44.31% gain in the last 12 months, and 55.76% gain over the last 3 years on BSE.
Godrej Agrovet Ltd has a market capitalization of ₹14,281 Crore as of May 22, 2025, and is classified as a Mid Cap company according to Value Research. Analyst target price for Godrej Agrovet is ₹819.14, representing a slight upside of 10.52% compared to the current price levels.
Recently, Godrej Agrovet shares rose 6% after Kotak Institutional Equities upgraded the stock to Buy, citing unwarranted sell-off. The brokerage raised its target price to ₹870, reflecting a positive outlook for FY26 growth despite subdued Q4 results.
The company continues to focus on expanding its market presence across all business segments while maintaining its commitment to research and development initiatives that support Indian farmers' productivity and profitability.
