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Godrej Agrovet acquires full stake in Creamline Dairy for Rs 930 crore
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Tuesday, 18 March, 2025, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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In a strategic move to expand its footprint in the dairy sector, Godrej Agrovet Ltd., has announced the acquisition of the remaining 48.06% stake in Creamline Dairy Products Limited for Rs 930 crore. This acquisition will make it a wholly-owned subsidiary of the company.
Headquartered in Hyderabad, it is known for its 'Godrej Jersey' brand and has a significant presence in South India. The company reported a turnover of Rs 1,540 crore for the financial year 2023-24, highlighting its strong market presence in the dairy industry.
It has been associated with Creamline Dairy since 2005, initially acquiring a 26% stake, and later increasing it to 51% in 2015. With this latest acquisition, Godrej aims to further strengthen its dairy portfolio and expand its presence in value-added dairy products.
Balram Singh Yadav, MD of Godrej Agrovet, said, "This acquisition is a strategic move to consolidate our position in the dairy industry. Creamline Dairy’s strong distribution network and brand equity will help us expand our value-added dairy segment."
With complete ownership, the company plans to invest in innovation, product diversification, and supply chain enhancement. The company is expected to focus on high-margin products such as flavoured milk, yogurt, and dairy-based beverages to boost profitability.
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