Net Sales are expected to increase by 8.9 percent Y-o-Y (up 1.6 percent Q-o-Q) to Rs. 1,729 crore, according to Kotak.
Godrej Agrovet is into animal feed, crop protection, oil palm, dairy, poultry and processed foods businesses.
The union budget had both its hits and misses. The government has rolled out the roadmap for the next five years in order to promote growth, increase investment in key sectors like power and infrastructure.
In September 2018, Godrej Agrovet and Astec had approved draft scheme of amalgamation.
Godrej Agrovet reported total income of Rs 1,356.9 crore during the last quarter of 2018-19. The revenue of the company was Rs 1,205.5 crore in the fourth quarter of 2017-18.
Net Sales are expected to increase by 14.7 percent Y-o-Y (down 5.8 percent Q-o-Q) to Rs. 1,370.4 crore, according to Kotak.
Godrej Agrovet is a diversified agri company with pan-India presence and operations spread across five business verticals
Motilal Oswal is bullish on Godrej Agrovet has recommended buy rating on the stock with a target price of Rs 610 in its research report dated April 01, 2019.
Godrej Agrovet's consolidated Q3 net profit after tax fell 16.1 percent YoY to Rs 48.6 crore
This is the verbatim transcript of Godrej Agrovet management call with analysts.
Although some hurdles in the operating environment have curbed growth at present, we expect these to stabilise and overall earnings to improve in FY19
The company's net profit stood at Rs 85.02 crore in the same quarter previous fiscal, as per regulatory filing.
With the growth story for both GAVL and IHCL intact, we find the current price level attractive and would recommend progressive accumulation.
Net income increased to Rs 1,488.21 crore during April-June quarter of the 2018-19 compared to Rs 1,371.40 crore in the year ago period
The stock may be bought in the range of Rs 644-648 for targets of Rs 680-695, with a stop loss below Rs 625.
Revenue increased around 16 percent YoY and earnings before interest tax and depreciation improved around 17 percent.
Import duty on palm oil has surged over the last one year. In March, duties on CPO were increased to 44% from 30%, which is the third such hike in nine months which started from 7.5%.
Companies such as Patanjali Ayurved Ltd, ITC Ltd and Emami Ltd too have evinced interest in Ruchi Soya