Shares of Godrej Agrovet Ltd were trading in the green and 2% higher on 28 August after the company announced acquiring an additional 49% stake in its subsidiary Godrej Tyson Foods, taking its entire holding in the company to 100%. 

After completing the acquisition, Godrej Tyson Foods has become its wholly-owned subsidiary of the company. 

In the June quarter, Godrej Agrovet reported a 6.4% year-on-year decline in revenue, totalling Rs 2,350 crore, which was slightly higher than market expectations of Rs 2,305 crore. The company’s EBITDA increased by 17.2% year-on-year to Rs 226 crore, while the EBITDA margin expanded by 193 basis points, reaching 9.6% in Q1FY25.

So far this year, the shares of the company have surged 44%, outpacing benchmark Nifty 50’s 15% gain. 

However, at 3:30 pm, the shares of Godrej Agrovet shed all their early gains and closed 0.78% lower at Rs 783.65 on NSE.

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