On the segmental front, the revenue from human nutrition segment increased by 19% to Rs 110.7 crore in Q3 FY24 from Rs 93.4 crore in Q3 FY23. This growth was on account of API, probiotics and nutrition.

Animal nutrition segment revenue declined by 8% to Rs 16.2 crore in Q3 FY24 from Rs 17.5 crore in Q3 FY23.

The Bio-Processing segment revenue was at Rs 23.6 crore in Q3 FY24, up by 5% YoY. In this segment, food business performed well, it grew by 21% to Rs 19.3 crore on YoY basis during Q3 FY24. The Non-Food business de-grew by 36% to Rs 4.3 crore during the quarter.

The Specialized manufacturing segment contributed 6% in the pie which is Rs 10.4 crore to the revenue during the quarter, an increase of 20% on YoY basis.

The domestic sales constituted about 48% of revenue f...

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