Venky's (India)

May 14 (Reuters) - Venky's (India) Ltd VENK.NS:

• MARCH-QUARTER PROFIT 1.01 BILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 11 BILLION RUPEES

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Feb 9 (Reuters) - Venky's (India) Ltd VENK.NS:

• DEC-QUARTER PROFIT 485.8 MILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 9.6 BILLION RUPEES

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Aug 8 (Reuters) - Venky's India VENK.NS posted a nearly 79% drop in first-quarter profit on Friday, as its poultry business margins shrank, with over-supply and curtailed demand leading to lower pricing.

The poultry firm reported a net profit of 158.3 million rupees ($1.81 million) in the quarter ended June 30, compared to last year's 751.8 million rupees.

Venky's poultry and poultry products business has been impacted for months by lower market pricing of broiler birds.

Panic selling drove down prices during an April heatwave, over concerns about the birds' mortality rate in hotter conditions, Venky's said in a post-earnings call in May.

Firms such as Venky's are also impacted seasonally, usually during the second and third quarters, when multiple Hindu festivals limit meat and egg consumption, which can lead to a months-long overhang, the company has said.

Revenue in the poultry and polutry products segment fell 7.4%, resulting in a loss of 56.6 million rupees from the category, compared to a year-ago profit of 827.4 million rupees.

Revenue in Venky's second largest oilseed segment grew 33.6%, aided by firmer pricing of soya and decent demand, the company said.

Venky's processes soya to make edible oil, which it sells in bulk to traders, and de-oiled cake, which it sells as poultry feed to manufacturers.

Its overall revenue rose 7.1%, helped by the growth in the oilseeds segment. However, expenses rose more than 19%.

The company is also foraying into ready-mix spice powders, production for which began in the first quarter.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Ronojoy Mazumdar)

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Feb 7 (Reuters) - Venky's India VENK.NS reported a drop in third-quarter revenue on Friday as weakness in its oilseeds segment more than offset upbeat sales in its mainstay poultry business, sending its shares down 5%.

Revenue from operations fell 7.5% to 8.82 billion rupees ($100.87 million) in the October-December quarter. It was hit by a decline in oilseeds revenue to 3.25 billion rupees, from 4.61 billion rupees a year earlier.

The oilseed business, which makes up about 36% of Venky's overall revenue, has been impacted by a fall in prices of edible oil and de-oiled cake, which is used as poultry feed.

After the results, shares of the Pune-based company were trading 4.1% lower at 1829.2 rupees, as of 01:09 p.m. IST, reversing early gains of nearly 4%.

Venky's, however, returned to profit in the third quarter, on lower raw material costs and improvement in sales and pricing in its poultry business.

The company reported third-quarter profit of 203.8 million rupees, compared with a year-ago loss of 79.4 million rupees.

Revenue from the poultry segment rose nearly 12% to 4.91 billion rupees.

Input costs, which include costs of poultry feed ingredients such as soy and maize, fell nearly 17% in the reported quarter.

($1 = 87.4400 Indian rupees)

(Reporting by Ananta Agarwal in Bengaluru; Editing by Rashmi Aich)

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** Shares of Venky's VENK.NS slip 7.8% to 1,742 rupees, their biggest intraday decline since August 2023

** Poultry co's Q2 profit and revenue sink 77% and 15%, respectively, hurt by a 38% decline in its oilseed segment revenue

** VENK sees busiest day in over 2 months, with over 156,000 shares traded

** Stock down 10% YTD vs ~41% slump in peer Ovobel Foods OFOD.BO

(Reporting by Aleef Jahan in Bengaluru)

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** Shares of India's Venky's VENK.NS surges ~14%, erasing YTS losses

** Stock set for best one-day gain since mid-July 2023

** Poultry co reports over three-fold jump in Q1 profit, helped by higher margins

** Stock now up ~7% YTD; was down ~6.5% as of Weds close

** Peers Ovobel Foods OFOD.BO down 14% YTD, while Simran Farms SIMF.BO has slid 25%

(Reporting by Sethuraman NR in Bengaluru)

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** Shares of Venky's (India) VENK.NS up as much as 8% to 1,900 rupees; last up 3.7%

** The poultry firm reported a 32.8% jump in its March-qtr profit to 335.1 mln rupees ($4 mln)

** Revenue from operations fell 14.1% Y/Y however, a near 16% drop in its total expenses helped pushing up margins

** Its input costs, consisting of poultry feed ingredients, broiler chicks and eggs, fell 22.2% Y/Y

** VENK on track for a third straight week of gains, if trends hold

** More than 408,000 shares traded as of 2:15 p.m. IST, 10.5x the 30-day moving avg; busiest day yet since August 2023

** Including session's move, stock is down 6.6% YTD

($1 = 83.4866 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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** Shares of Venky's (India) VENK.NS up 3% to 1,629.50 rupees

** The poultry firm company said on Tuesday it has begun commercial production at its animal health product unit in the state of Maharashtra

** The unit is set to manufacture veterinary medicine powders at a capacity of 600 tonnes per year and veterinary medicine liquids at a capacity of 300 kilolitres per year, co added

** Stock on track to break three consecutive sessions of losses, if trends hold

** VENK down 16.3% so far this year, compared to a 2.1% gain in 2023

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Feb 8 (Reuters) - Venky's (India) Ltd VENK.NS:

• VENKY'S (INDIA) DEC-QUARTER LOSS 79.4 MILLION RUPEES VERSUS PROFIT 165.3 MILLION RUPEES

• VENKY'S (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.53 BILLION RUPEES VERSUS 10.36 BILLION RUPEES

Source text for Eikon: ID:nBSE8tLM00

Further company coverage: VENK.NS

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BENGALURU, Feb 1 (Reuters) - India's Godrej Agrovet GODE.NS reported a 21% fall in third-quarter profit on Thursday, hurt by soft demand and inventory destocking.

Consolidated net profit fell to 918.4 million rupees ($11.1 million) for the three months ended Dec. 31 from 1.16 billion rupees a year earlier, the company said in an exchange filing.

The company's overall inventory levels have fallen 15.5% due to the ongoing destocking across the sector, according to analysts. This in turn affected the bottom line of the company.

Total expenses for the quarter rose 0.23%, while total revenue was flat at 23.45 billion rupees.

The animal feed segment, which constitutes more than half of the total revenue, rose 1.5%.

Shares of the company rose 1.9% on Thursday ahead of results.

($1 = 82.9800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Sohini Goswami)

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** Shares of Venky's (India) VENK.NS rise as much as 9.2% to 2,199 rupees, their biggest intra-day pct gain since July 17

** Close to 330,000 shares change hands by 12:35 p.m. IST in their most active trading session since Aug. 7 – when it reported Q1 results

** Poultry firm reports Q2 profit vs loss last year, as lower costs more than offset a drop in revenue

** Stock pares most gains, last up 3.6%; capping YTD gains at ~9%

(Reporting by Nandan Mandayam in Bengaluru)

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Aug 7 (Reuters) - Venky's (India) Ltd VENK.NS:

• VENKY'S (INDIA) JUNE-QUARTER PROFIT 194.1 MILLION RUPEES VERSUS PROFIT 492.8 MILLION RUPEES

• VENKY'S (INDIA) JUNE-QUARTER REVENUE FROM OPERATIONS 9.76 BILLION RUPEES VERSUS 11.96 BILLION RUPEES

Source text for Eikon: ID:nBSE1CY9PB

Further company coverage: VENK.NS

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By Biplob Kumar Das

BENGALURU, Aug 1 (Reuters) - India's Godrej Agrovet Ltd GODE.NS reported a 27.3% rise in first-quarter profit on Tuesday, aided by lower costs and growth in its animal feed and crop protection businesses.

The company's consolidated net profit rose to 1.05 billion rupees ($12.8 million) in April-June, from 827.1 million rupees a year ago.

The easing in retail food inflation in the quarter and demand recovery in the agriculture sector aided profitability as raw material costs cooled off.

Godrej Agrovet's input costs fell 5% year-on-year, while total expenses reduced by 0.6%. This helped offset total revenue staying flat at 25.10 billion rupees.

Profit before interest and tax at the company's animal feed business more than doubled in the quarter, while profit at its crop protection business grew 78.5%.

While the animal feed business accounts for about half of total revenue, the crop protection business is a bigger profit contributor, at roughly 41%.

Its smallest business by either measure is vegetable oils, where profit slumped 67% in the quarter as a correction in selling prices more than offset higher sales volumes, the Godrej Group-owned firm said in a statement.

Shares of the company, which competes with Venky's (India) VENK.NS and Kaveri Seed KVRI.NS among others, rose 0.4% on Tuesday.

They rose nearly 10% from April to June, sandwiched between Venky's 18% increase and Kaveri Seed's 6.7% gain.

($1 = 82.2230 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru; Editing by Savio D'Souza)

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** Shares of poultry products seller Venky's (India) Ltd VENK.NS pares gains to fall as much as 2.8% to 1,555.05 rupees, lowest since April 27

** Stock falls most since March 28

** Co reported a 56% drop YoY in Q4 profit to 252.3 mln rupees ($3.1 mln); revenue from operations falls 15.2% YoY to 10.42 bln rupees

** Co says profit margins of the poultry and poultry products segment in Q4 and FY23 were severely affected due to steep increase in prices of key poultry feed ingredients

** Stock had risen as much as 1.7% ahead of its results

** Stock on track to fall for four straight sessions, if losses hold; currently down 4.2% from last gain on May 4

** Over 88,000 shares change hands as of 1:05pm IST, 2.9X the 30-day moving average

** Stock extends YTD losses, currently down 17.3% from last year

($1 = 81.7800 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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BENGALURU, May 9 (Reuters) - India's Godrej Agrovet Ltd GODE.NS reported a 74.6% fall in quarterly profit on Tuesday, hurt by higher costs and weakness in its vegetable oil and crop protection business.

Consolidated net profit at the company, which competes with Venky's (India) VENK.NS and Kaveri Seed KVRI.NS among others, fell to 310.2 million rupees ($3.79 million) in the seasonally weak fourth quarter ended March 31, from 1.22 billion rupees a year ago.

Companies like Godrej Agrovet, which sell animal-feed to poultry farmers and produce crude palm oil, have seen their profit squeezed due to higher inventory costs. Some analysts have also warned that rising concerns tied to the El-Niño weather pattern could hurt them.

Finance costs at the Godrej Group-owned company rose about 50%, while total revenue from operations rose at a meager 0.7%. It saw a 22.8% sales drop in its vegetable oil arm and 31.4% decline in its crop protection business. Sales at its mainstay animal-feed arm rose 10.2%.

Shares of the Temasek-backed firm have fallen ~6% this year as of today's close.

($1 = 81.7800 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]; 9101861583;))