Understanding the business of Godrej Agrovet Ltd
- Animal Feed
- Crop Protection
- Palm Oil / Edible Oil
- Dairy & Poultry
- Processed Food
Animal Feed Industry
"India currently represents one of the fastest growing animal feed markets in the world. The increasing demand for animal protein and dairy products has resulted in a growing livestock population in India, which in turn has increased the demand for animal feed. Currently the poultry, aqua and dairy industry accounts for the major share of the Indian animal feed industry. Modern animal feed products are manufactured by carefully selecting and blending ingredients to impart highly nutritional diets that both increase the quality of its end products such as meat, milk, eggs and at the same time maintain the health of the animal."
Crop Protection Industry
"The importance of pesticides for agriculture is enormous because they are considered as one of the major tools to protect crops and increase the yield. Today, the crop protection products sector is a fast developing industry, which is open to innovation. The pesticides market is also propelled by factors like growing population, and the need for minimizing crop damage."
Palm Oil / Edible Oil Industry
"India is a net food exporting country but depends heavily on imports of edible oils...The domestic consumption of edible oils in India has been outstripping the production and the gap between the two is quite significant which is being met by imports. India imports nearly 15 million tonnes annually (or nearly 68 per cent) of edible oils to meet the country’s annual consumption demand of about 22 million tonnes. The bulk of these imports are palm oil. Of the total imports of edible oil, palm oil accounts for 60 per cent or about 9 million tonnes."
Dairy Industry
"India has been the leading producer and consumer of dairy products worldwide since 1998 with a sustained growth in the availability of milk and milk products... India also has the largest bovine population in the world. However, the milk production per animal is significantly low as compared to the other major dairy producers. Moreover, nearly all of the dairy produce in India is consumed domestically, with the majority of it being sold as fluid milk... The focus is being given to value-added products such as cheese, yogurt, probiotic drinks, etc."
Poultry & Processed Food
"Chicken consumption in India has been steadily
rising over the past few years driven by preference
for protein rich food and rising income levels of the
middle class. However, per capital consumption
of chicken in India is lower than the world average
per capita consumption levels. As 95% of the
India poultry market is wet market, your Company
in the fiscal 2018-19 started focusing on growing
the live bird business and investments are on
track for expanding the business. In addition, in
the Yummiez segment we have launched multiple
vegetarian ready-to-cook products which are
being manufactured in the state-of-the-art facility
in Ludhiana and we aim to increase the market
share in the vegetarian processed food industry."
NSE:GODREJAGRO
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