Godrej Agrovet also makes plant growth regulators, organic manures, generic agrochemicals and specialised herbicides. And it recently acquired Creamline Dairy Products Ltd. to boost the business, mostly concentrated in South India.
“Integration of new companies into our business needs to happen mush faster than in the past”, managing director BS Yadav told BloombergQuint. That’s because return on equity fell 10 percentage points to 27 percent in the year to March because “we funded our acquisitions worth about Rs 500 crore”, he said.
“We will maintain the same rate of investments as in the past five years,” he said. The company will continue to consider acquisitions to grow, Yadav said.
“Agri-business has challenges from everything from commodity prices to monsoons. We have built a portfolio of products and businesses to hedge against these events and we will continue to do that to maintain stable profitability,” he said.