Godrej Agrovet Limited (GAVL), a leading player in the agribusiness sector, has reported a commendable financial performance for the third quarter (Q3) and the first nine months (9M) of the fiscal year 2024 (FY24). The company has demonstrated resilience and strategic agility, achieving significant growth in both revenue and profit amidst challenging market conditions. Financial […]
Godrej Agrovet Limited’s (GAVL) Oil Palm business is all set to revolutionize the palm oil sector in Telangana with the announcement of an Integrated Palm Oil Complex in the Khammam district. This groundbreaking initiative will include a cutting-edge Crude Palm Oil mill and, in the near future, a refinery. Additionally, Godrej Agrovet will establish a […]
Godrej Agrovet’s oil palm business announced today that it has been granted an area of 47,000 acres in Sangareddy District of Telangana by the Department of Agriculture and Cooperation (Horticulture & Sericulture), Government of Telangana. The company plans to utilize this allotted area to expand its oil palm cultivation and establish oil palm processing units. […]
Godrej Agrovet Limited has posted an 18.5% decline in its net profit before tax for the first quarter of the fiscal year 2023 (Q1 FY23) to INR 102.8 crores, compared to INR 126.2 crores in the same quarter of the previous fiscal year. The Indian animal feed and agribusiness company, which is owned by the […]
Godrej Industries Limited (GIL) said that it has increased its stake in Godrej Agrovet Limited (GAVL) from 62.47% to 64.55% by investing INR 197.04 crores. The Indian conglomerate purchased the additional 2.08% stake by buying four million shares in Godrej Agrovet of the face value of INR 10 per share. The total paid up equity […]
Godrej Agrovet Limited has registered a 20% increase in its net profit after tax (PAT) for the third quarter of the fiscal year 2022 (Q3 FY22) to INR 80.7 crores, compared to INR 67.3 crores in the same quarter of the previous fiscal year. The Indian animal feed and agribusiness company, which is part of […]
Godrej Agrovet Limited said that Godrej Maxximilk Private Limited (GMPL) has become its fully-owned subsidiary after it acquired the remaining 25.1% stake in the latter. The Indian animal feed and agribusiness company had acquired the stake for INR 14.99 crore by subscribing preferential issue. Godrej Agrovet has been allotted 4,41,176 equity shares at a face […]