VENKEYS

** Poultry seller Venky's India VENK.NS down 6.49% at 1,786.45 rupees after Q3 results

** Stock set for sharpest one-day fall since Q2 print on November 7

** Co reports 7.5% decline in Q3 revenue from operations due to stress in oilseeds business

** VENK getting lower prices for edible oil and de-oiled cake

** Oilseed revenue, which makes up nearly 36% of total, falls to 3.25 bln rupees from 4.61 bln rupees a year ago

** However, better poultry revenue and lower input costs help co return to profit vs year ago loss

** With session's decline, VENK shares down ~10% in last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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

• SEPT-QUARTER PROFIT 77.6 MILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 7.74 BILLION RUPEES

Source text: ID:nBSE15wdtH

Further company coverage: VENK.NS

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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)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** 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)

(([email protected]; +91 8805175330 ;))

** 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)

(([email protected]; +91 8805175330 ;))

BENGALURU, Feb 8 (Reuters) - Venky's (India) VENK.NS reported a third-quarter loss on Thursday, hurt by the subdued performance of its key oilseed business, sending its shares down by 6%.

The company reported a net loss of 79.4 million rupees (nearly $957,000) in the three months to Dec. 31, compared to a profit of 165.3 million rupees a year earlier.

Pune city-based Venky's sells edible oil obtained from processing oilseed such as soya, while the by-product de-oiled cake is sold or used as poultry feed. It also sells poultry and animal health products.

The oilseed business, which accounts for about 48% of the total revenue, was impacted due to weak demand and lower realisations.

Realisations were affected by lower edible oil prices, which also led to a decline in profit for oil maker Adani Wilmar ADAW.NS.

The oilseed segment's revenue fell more than 16%, while revenue from poultry and poultry products - which accounted for 46% of the total - was flat.

As a result, total revenue fell 8% to 9.53 billion rupees.

Realisations in the poultry segment were lower from sales of day-old chicks and adult broiler birds, which are reared for consumption.

Shares of Venky's are on track for their worst day since early August 2023.

Rival Godrej Agrovet GODE.NS, a farm feed producer, reported a decline in third-quarter profit.

($1 = 82.9725 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Sonia Cheema)

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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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BENGALURU, Nov 7 (Reuters) - Poultry firm Venky's (India) VENK.NS returned to a profit in the second quarter on Tuesday, helped by lower expenses and better earnings per poultry unit sale.

The Pune, Maharashtra-based company reported a standalone profit of 340.9 million rupees ($4.09 million) in the three months to Sept. 30, from a loss of 205.6 million rupees a year earlier.

Realisations, or earnings per sales-volume unit, were higher from sales of day-old chicks and adult broiler birds -- birds reared for consumption, the company said.

Raw material costs fell 12.3% from a year earlier in the quarter, shrinking total expenses 11.8% to 8.76 billion rupees.

Input costs that affect realisations, feed ingredient costs including maize and soybean in the case of the company's poultry division, were down in the quarter.

The company's poultry and poultry products revenue rose 3.2%, constituting nearly 47% of total revenue.

Its oilseed segment, however, was hit by lower edible oil prices. Venky's sells edible oil obtained from processing oilseed such as soya, while the by-product de-oiled cake is sold or used as poultry feed. Revenue from its oilseed segment fell more than 13%.

Larger edible oil-making rival Adani Wilmar ADAW.NS posted a second straight quarterly loss last week, while farm feed producer Godrej Agrovet's GODE.NS profit climbed.

Shares of Venky's climbed as much as 9.2% after the results, before paring some gains to last trade up 3.6%.

($1 = 83.2530 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Rashmi Aich)

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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)

(([email protected]; 9101861583;))

** 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)

(([email protected]))

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;))