Godrej Agrovet aims to achieve 14-15% revenue growth in FY20
9th Dec 2019

Godrej Agrovet is expecting to achieve at least 14 to 15 percent growth in its revenue during the current fiscal (FY20), amid economic slowdown in the country. The company is also expecting to record 17 to 18 percent growth in its net profit during the fiscal 2019-20.

The revenue growth is expected due to price hike of company’s products as input costs have increased and better performance of some verticals. The company will continue to make capital expenditure of Rs 250-300 crore for another three years with a focus on few verticals like animal feeds, agro-chemicals and value- added dairy. The company sees a lot of potential in exporting agro-chemicals as India has become more competitive than China.

Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.