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HomePosts Tagged "Godrej Agrovet Limited (GAVL)"
Agribusiness, Company News, Dairy, India

The company aims to be present across 500+ modern trade stores in the city of Hyderabad by year-end.

Creamline Dairy Products Limited (CDPL), a subsidiary of India’s largest and diversified agribusiness, Godrej Agrovet Limited (GAVL), announced the launch of Godrej My Farm Milk, a premium milk straight from Godrej’s farm to consumers’ doorsteps. With Godrej My Farm Milk being directly sourced from Godrej’s own farm, pasteurized, and packaged using cutting-edge technology, it ensures that milk is fresh with its natural flavor and nutritional value intact. To be available only in Hyderabad, the entire process from milking to product reaching the consumer is automated, thereby making Godrej My Farm a zero human touch milk with a single point fully controlled supply chain starting from feed to breed. The company aims to be present across 500+ modern trade stores in the city of Hyderabad by year-end.

Commenting on the launch of My Farm Milk, Bhupendra Suri, CEO, Godrej Jersey, said”, “We at Godrej are fully committed to the way our milk is produced and distributed. With the quality of milk dependent on how cows are treated, we take personalized care of 1,400 cows, including monitoring their food and health on a regular basis. This, coupled with our state-of-the-art processing plant and fully controlled supply chain, enables us to deliver untouched, nutritious, and fresh milk. Being a single source of milk with complete traceability from cow to packaging, ensuring its safety, consumers can now enjoy Godrej My Farm milk as if having a cow in their backyard and milk reaching their table.”

The milk report launched on the sidelines further highlighted that 55 per cent of consumers associate unhygienic milk with unbranded milk options. Additionally, with 90% of consumers willing to pay more or a premium for high-quality and safe milk, the report reiterated the growing demand for pure and safe dairy products among consumers.

Today, Indian consumers are very conscious of their health and strive to choose the best for themselves and their families. The same was also resonated in the findings of the Milk Report titled ‘Bottoms Up…India Says Cheers to Milk’, with 1 out of every 2 consumers considering hygienic sourcing, processing, and packaging in addition to the assurance of no adulteration while purchasing the milk.

By prioritising quality, transparency, and technological prowess, GAVL remains committed to playing a leading role in shaping a healthier and more vibrant dairy landscape in India.

The company aims to be present across

Agro chems – Chemicals, Agro chems – Pesticides, Agrotech, Company News, India

An advanced pest control product for the Chilli crops during the flowering stage is developed   in association with Nissan Chemical Corporation.

Godrej Agrovet Limited (GAVL), one of India’s largest diversified agri-businesses, announced the launch of an advanced pest control product Rashinban in India. With the patent chemistry discovered and developed by Japan’s Nissan Chemical Corporation, Rashinban is being launched first time globally in India through collaboration with GAVL to protect the Chilli crops during the flowering stage.

India, a global Chilli capital, accounts for almost 36 per cent of total production globally. However, 80 percent of Chilli crops get damaged at the nascent stage because of pests (Thrips, Leps, Hoppers and Mites) that continue to create havoc for the farmers. GAVL, through the launch of Rashinban, which provides quick knockdown of wide range of pests in Chilli in a single shot during the flowering stage, endeavors to help farmers fight the pests effectively. This will help increase yields by virtue of pest free cropping.

Balram Singh Yadav, Managing Director, GAVL, commented, “Through our partnership with Nissan Chemical Corporation, our endeavour is to introduce solutions that uplift and prosper Indian farming families. Our new product Rashinban is recommended specifically for the active flowering stage of Chilli plants to provide holistic efficacy. Along with the already existing products, Hanabi and Gracia, the addition of Rashinban in the portfolio will enable us to serve the entire value chain of Chilli crop.  We are certain that the launch of Rashinban will help aid India’s contribution to global Chilli market scale greater heights.”

Dr. Rajkumar Yadav, Managing Director of Nissan Chemical Corporation (India), expressed his views about the partnership with GAVL, stating, “We are delighted to collaborate with GAVL for the global-first launch of Rashinban and contribute to company’s endeavour to uplifting Indian farming families. Rashinban is another result of our efforts to support the growth and sustainability of Indian agriculture. We are confident that like our previous products, Rashinban too will be widely adopted by the farming community.”

Burjis Godrej, Executive Director and COO, Crop Protection Business, GAVL said, “At GAVL, our mission is to bring forth innovative solutions tailored to the Indian market. Chilli farmers today need to ensure that their crop receives right quantity of nutrient at the right time across the crop’s growth cycle and free from abiotic stress to ensure a high-quality yield. And it is herein that we continue to launch innovative solutions and educate farmers on the importance of leveraging our wide range of products for pest control and subsequent integration of appropriate measures.”

Highlighting Rashinban’s efficacy controlling different pests, Rajavelu NK, CEO, Crop Protection Business, GAVL, said, “Following launch of Gracia in 2022, our ‘Start with Gracia’ focus enabled farmers to proactively protect their seedlings. However, during our field visits and discussions with the farmers, it was brought to our notice that crops continued to get wiped out due to invasive pests. To address the same, we decided to launch Rashinban. Effective on the broader spectrum of pests, both sucking as well as chewing type, it eliminates the need for multiple insecticides and reduces the frequency of sprays.”

An advanced pest control product for the

Agro chems – Chemicals, Agro chems – Fertilizers, Agro chems – Pesticides, Company News, Finance, India, Poultry

Segment results of Crop Protection business improved significantly by 224 per cent in Q1 FY24 as compared to the same period last year.

Godrej Agrovet Limited (GAVL) has today announced its financial results for the first quarter ended June 30, 2023. The Company reported consolidated revenues from operations of Rs 2,510.2 crore in Q1 FY24, unchanged from the same period last year. FY24 consolidated EBITDA* increased to Rs 206.8 crore from Rs. 169.3 crore in Q1 FY23, a growth of 22 per cent year-on-year. Q1 FY24 Profit before tax* increased to Rs 124.5 crore from Rs 102.8 crore in Q1 FY23, a growth of 21 per cent year-on-year.

Commenting on the performance, B. S. Yadav, Managing Director, Godrej Agrovet Limited, said, Godrej Agrovet started FY24 with a strong growth in profitability and margin expansion in the first quarter ended June 30, 2023. While our topline growth was flat, we achieved 21 per cent  year-on-year growth to clock Profit before tax of Rs. 124.5 Crore in Q1 FY24. The growth in profitability was driven by the strong performance of domestic Crop Protection, Animal Feed and Poultry businesses.

With robust volume growth and improved realizations in HITWEED (in-house herbicide), domestic Crop Protection business achieved a record quarterly topline and profitability in Q1 FY24. Segment results of Crop Protection business improved significantly by 224 per cent in Q1 FY24 as compared to the same period last year. In Feed business, sustained volume growth in cattle-feed and aqua feed was accompanied by notable recovery in margin profile across categories. Our food businesses-maintained volume growth momentum in branded products and delivered margin expansion. In Poultry, revenues from branded products increased by 15% year-on-year led by higher volumes. Lower live bird costs on account of better operational efficiencies boosted profitability as segment EBITDA grew by 50% year-on-year. Dairy business turned EBITDA positive in Q1 FY24. The higher salience of value-added products coupled with reduction in procurement costs contributed to recovery in margin profile.

Astec LifeSciences and Vegetable Oil businesses were adversely impacted by challenging market conditions. The continued demand-supply imbalance and the resultant decline in volumes as well as realizations of key enterprise products led to a sharp drop in Astec’s profitability. Astec’s contract manufacturing business, however, remained on track and its performance was in line with our expectations. Vegetable Oil business suffered from correction in end-product prices more than offsetting higher volumes.

During the quarter, GAVL commissioned its first downstream project in Vegetable oil business of an edible oil refinery in Andhra Pradesh. The refinery has a capacity of 400 MT per day.

Segment results of Crop Protection business improved