Godrej Agrovet - Commodity Price Inflation To Boost Revenues: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Analysing the price curve of commodities that influence Godrej Agrovet Ltd.’s revenues, we note -1. the 68% increase in prices of palm oil in past year is likely to drive revenues and profitability the vegetable oil segment;2. the ~8% YoY increase in milk prices will boost revenues from cattle feed, but will impact the profitability of the dairy segment;3. shrimp prices have increased from $11.35/kilogram in October 2020 to $11.93/kg in February 2021 and this is likely to boost revenues from shrimp feed; and4. revival in prices of chicken and egg (after a decline due to bird flu) will increase revenues from poultry and poultry feed..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Godrej Agrovet - Commodity Price Inflation To Boost Revenues: ICICI Securities