Godrej Agrovet to Acquire 48.06% Stake in Creamline Dairy Products

Godrej Agrovet was established in 1991 as a division of the Godrej Group, but its agribusiness beginnings date back to 1971, when it ventured into the animal feed sector. It gradually branched out into poultry, dairy, oil palm plantations, and crop protection.

Stake Acquisition Details

On March 11, 2025, Mumbai-based agribusiness giant Godrej Agrovet announced its decision to acquire the remaining 48.06% stake in Hyderabad-based Creamline Dairy Products for ₹930 crore, thereby transforming ‘Godrej Jersey’ into a wholly owned subsidiary, to consolidate its presence in the dairy sector

Creamline Dairy Products, which procures, processes, and manufactures and sells dairy products under the ‘Godrej Jersey’ brand, will become a fully integrated subsidiary through a cash transaction, as per an exchange filing.

Godrej Agrovet currently holds a 51.94% stake in Creamline. As part of the deal, the company will enter into a share purchase agreement to acquire a 47.38% equity stake from the company’s original promoters. The takeover is expected to conclude by September 30th, resulting in the company possessing all 1.13 crore shares of the dairy business.

Godrej Agrovet Q3 FY25 Results

In Q3 FY25, Godrej Agrovet Limited posted a 4.5% YoY revenue growth to ₹2,449.6 crore, with EBITDA surging 38% to ₹220 crore. The Vegetable Oil segment led the growth with a 45% YoY revenue jump, driven by higher crude palm oil prices and improved oil extraction ratios.

The Animal Feed segment saw its margins expand from 4% to 6%, benefiting from strategic commodity positioning. Meanwhile, Astec LifeSciences significantly reduced EBITDA losses from ₹17 crore to ₹4 crore, aided by higher CDMO volumes.

Share Price Performance 

At 9:20 AM on March 12, 2025, Godrej Agrovet Ltd shares traded 1.04% up at ₹743.75 per share on the NSE.

Conclusion

This strategic acquisition reinforces Godrej Agrovet’s commitment to strengthening its foothold in the dairy industry, enhancing operational synergies, and driving long-term growth. With full ownership of Creamline Dairy Products, the company is well-positioned to expand its market presence and deliver greater value to consumers.

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