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

“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.”