Godrej Agrovet Ltd News Today

As per the company, this acquisition is expected to bolster Godrej Agrovet’s footprint in the dairy sector, enhancing its value-added product portfolio.

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EBITDA margin improved at 9% as against 6.8% in Q3 FY24 due to better control over costs and higher profit margins.

In India, rice and maize are vital crops that are crucial to both the economy and the country's food security.

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Profit margins improved from 7.7% last year to 9.1% this quarter, reflecting focused efforts on cost management and productivity improvements.

Abhay Soi, Max Healthcare's Chairman and Managing Director, stated that the acquisition improves Max's foothold in the NCR region.

According to bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments sold 27.10 lakh shares of Godrej Agrovet.

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Following the deal, GAVL will own a 100% share in GTFL, further integrating its operations, the firm stated in a stock exchange filing.