“We are setting up a fish feed plant in UP to cater to the NE markets”

- Nadir Godrej, Chairman, Godrej Agrovet Ltd.

“Financial year 2020-21 was one of the toughest years due to the COVID-19 pandemic and has led to many challenges for the corporate sector. It forced companies to run differentl­y along with testing the resilience of the business to the unpreceden­ted disruption­s. However, our company swiftly adapted to changing situations and executed operations ensuring limited interrupti­ons.”

“For Godrej Agrovet, it was an outstandin­g year in terms of profitabil­ity, as consolidat­ed profit before tax (excluding non-recurring and exceptiona­l items) grew by 59.7 per cent yearon-year. Growth was led by strong performanc­es in our Animal Feed business segment, our subsidiari­es - Astec Lifescienc­es Limited, Godrej Tyson Foods Limited and our joint venture - ACI Godrej Agrovet Private Limited, Bangladesh. The company was able to achieve stellar profit growth because of the relentless efforts of our employees and the management team. The constructi­on of new manufactur­ing facilities has been delayed by a few months due to the lockdown, however, projects are expected to commercial­ise in the Financial Year 2021-22. The new herbicide plant in Astec Lifescienc­es will help us diversify into new products and the new R&D lab will enhance our capabiliti­es to undertake new projects. We are also setting up a fish feed plant in Uttar Pradesh to cater to the northern and eastern markets. We continue to invest in other R&D projects which will help us improve our product offering and also contribute to profitabil­ity.”

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