Godrej Agrovet Limited has announced a significant expansion in its dairy business by acquiring the remaining 48.06% equity stake in Creamline Dairy Products Limited (CDPL) for ₹930 crore. This strategic move will make CDPL a wholly-owned subsidiary of Godrej Agrovet, strengthening its position in India’s competitive dairy market.
Strengthening the ‘Godrej Jersey’ Dairy Brand
Currently holding 51.94% of CDPL, Godrej Agrovet is set to fully consolidate its control over the company, which operates under the popular ‘Godrej Jersey’ brand. This acquisition will further bolster its presence in the southern Indian dairy market, where CDPL has been a key player since its incorporation in 1986.
The transaction, which has received board approval in a meeting held on March 11, 2025, is expected to be finalized by September 30, 2025.
Stock Market Impact
Following the announcement, Godrej Agrovet Limited’s stock closed at ₹739 on NSE, down by ₹6.45 (0.87%). Investors are closely watching the impact of this acquisition on the company’s overall growth strategy.
Leadership Transition at Godrej Agrovet
In addition to the acquisition, the board approved a key leadership change. Y.V. Sathish has been appointed as Head of Manufacturing & Supply Chain Excellence, effective March 24, 2025. He succeeds Mr. Prafulla Bhat, who is taking early superannuation at the end of this month.
Sathish brings a wealth of experience, having spent nearly 30 years in leading FMCG companies, including GlaxoSmithKline and Hindustan Unilever Limited. Currently, he heads Unilever’s Sumerpur factory, the largest in South Asia.
CDPL’s Growth and Market Presence
Creamline Dairy Products Limited has witnessed steady revenue growth, reflecting its strong market performance:
✅ FY 2023-24 Revenue: ₹1,54,050.18 lakh
✅ FY 2022-23 Revenue: ₹1,47,157.99 lakh
✅ FY 2021-22 Revenue: ₹1,15,350.25 lakh
With this acquisition, Godrej Agrovet aims to drive further expansion in India’s dairy sector, leveraging CDPL’s established market presence and distribution network
