Godrej Agrovet Limited

rs,

Date: February 4, 2022 To, BSE Limited P. J. Towers, Dalal Street, Fort Mumbai – 400 001 To, National Stock Exchange of India Limited Exchange Plaza

90%

TRIDING TOWARDS A NET ZERO FUTURE Sustainability Goals Target till (2025) GAVL Progress Achieve 90% renewable energy portfolio 69.6% of energy portfolio from Renewable source Maintain water positi

69.6%

Sustainability Goals Target till (2025) GAVL Progress Achieve 90% renewable energy portfolio 69.6% of energy portfolio from Renewable source Maintain water positivity target We are water positive

76,000 MT

y & conserve more than 5 times of water we consume Achieve carbon neutrality We have sequestered 76,000 MT of CO2 which contributes to 76% of the total CO2 emission of GAVL 3 AMBITIOUS GLOBAL COMMITMENT

76%

r we consume Achieve carbon neutrality We have sequestered 76,000 MT of CO2 which contributes to 76% of the total CO2 emission of GAVL 3 AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the

41.5%

, unless stated) Q3FY22 Q3FY21 Growth Q3FY22 Q3FY21 Growth Total Income 1,585.1 1,120.2 41.5% 1,585.1 1,120.2 41.5% Earnings before interest, tax and Depreciation (EBITDA) 138.2 115.0

20.1%

1,585.1 1,120.2 41.5% Earnings before interest, tax and Depreciation (EBITDA) 138.2 115.0 20.1% 145.5 115.0 26.4% EBITDA Margin (%) 8.7% 10.3% 9.2% 10.3% Profit before tax (PBT) 103.9

26.4%

41.5% Earnings before interest, tax and Depreciation (EBITDA) 138.2 115.0 20.1% 145.5 115.0 26.4% EBITDA Margin (%) 8.7% 10.3% 9.2% 10.3% Profit before tax (PBT) 103.9 89.3 16.3% 111.1 8

8.7%

erest, tax and Depreciation (EBITDA) 138.2 115.0 20.1% 145.5 115.0 26.4% EBITDA Margin (%) 8.7% 10.3% 9.2% 10.3% Profit before tax (PBT) 103.9 89.3 16.3% 111.1 89.3 24.4% PBT Margin (%

10.3%

tax and Depreciation (EBITDA) 138.2 115.0 20.1% 145.5 115.0 26.4% EBITDA Margin (%) 8.7% 10.3% 9.2% 10.3% Profit before tax (PBT) 103.9 89.3 16.3% 111.1 89.3 24.4% PBT Margin (%) Prof

9.2%

d Depreciation (EBITDA) 138.2 115.0 20.1% 145.5 115.0 26.4% EBITDA Margin (%) 8.7% 10.3% 9.2% 10.3% Profit before tax (PBT) 103.9 89.3 16.3% 111.1 89.3 24.4% PBT Margin (%) Profit aft

16.3%

5 115.0 26.4% EBITDA Margin (%) 8.7% 10.3% 9.2% 10.3% Profit before tax (PBT) 103.9 89.3 16.3% 111.1 89.3 24.4% PBT Margin (%) Profit after tax (PAT) PAT Margin (%) 6.6% 84.7 5.3% 8.0%

“9.6 crore income from real estate project.”

“9MFY21 total income includes Rs.9.6 crore income from real estate project.”

Notes

5

Pragati

1

Notes

1. Q3FY22 Reported PBT and PAT includes non-recurring expense of Rs. 7.2 Crore and Rs. 5.2 Crores respectively towards stamp duty/Registration expense related to a land parcel 7 I Godrej Agrovet 9MFY22 STANDALONE FINANCIALS – KEY HIGHLIGHTS Particulars As Reported Excluding – non-recurring & exceptional items (Rs crore, unless stated) 9MFY22 9MFY21 Growth 9MFY22 9MFY21 Growth Total Income 4,843.8 3,539.8 36.8% 4,843.8 3,530.2 37.2% Earnings before interest, tax and Depreciation (EBITDA) 465.4 393.3 18.3% 472.6 388.5 21.7% EBITDA Margin (%) 9.6% 11.1% 9.8% 11.0% Profit before tax (PBT) 364.7 309.3 17.9% 371.9 304.5 22.1% PBT Margin (%) 7.5% 8.7% 7.7% 8.6% Profit after tax (PAT) 279.7 245.5 13.9% 285.1 241.6 18.0% PAT Margin (%) 5.8% 6.9% 5.9% 6.8%

Notes

1. 9MFY22 PBT and PAT includes non-recurring expense of Rs. 7.2 Crore and Rs. 5.2 Crores respectively towards stamp duty/Registration expense related to a land parcel 2. 9MFY21 total income includes Rs. 9.6 crore income from real estate project. EBITDA and PBT include Rs. 4.8 crore and PAT includes Rs. 3.8 crore 8 I Godrej Agrovet Q3FY22 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Particulars As Reported Excluding – non-recurring & exceptional items (Rs crore, unless stated) Q3FY22 Q3FY21 Growth Q3FY22 Q3FY21 Growth Total Income 2,088.9 1,539.2 35.7% 2,088.9 1,536.4 36.0% Earnings before interest, tax and Depreciation (EBITDA) 146.6 125.5 16.8% 153.9 122.7 25.4% EBITDA Margin (%) Profit before tax (PBT) PBT Margin (%) Profit after tax (PAT) PAT Margin (%) 7.0% 79.9 3.8% 62.4 3.0% 8.2% 7.4% 8.0% 90.1 -11.3% 104.4 87.3 19.6% 5.9% 5.0% 5.7% 68.1 -8.4% 80.7 67.3 19.9% 4.4% 3.9% 4.4%

Notes

1. Consolidated PBT includes share of profit from associates 2. Q3FY22 reported EBITDA includes non-recurring expense of Rs. 7.2 crore towards stamp duty/registration expense related to a land parcel 3. Q3FY22 reported PBT includes non-recurring expense of Rs. 24.5 crore and PAT includes Rs. 18.3 crore towards stamp duty/registration expense related to a land parcel and differential GST liability 4. Q3FY21 reported PBT includes Rs.2.8 crore and PAT includes Rs. 2.1 crore of non-recurring profit on sale of land 5. Q3FY21 reported PAT includes prior year tax expense of Rs 1.4 crore 9 I Godrej Agrovet 9MFY22 CONSOLIDATED FINANCIALS – KEY HIGHLIGHTS Particulars As Reported Excluding – non-recurring & exceptional items (Rs crore, unless stated) 9MFY22 9MFY21 Growth 9MFY22 9MFY21 Growth Total Income 6,251.8 4,833.9 29.3% 6,251.8 4,821.5 29.7% Earnings before interest, tax and Depreciation (EBITDA) 522.6 481.2 8.6% 529.9 473.6 11.9% EBITDA Margin (%) 8.4% 10.0% 8.5% 9.8% Profit before tax (PB

Notes

1. 9MFY22 reported EBITDA includes non-recurring expense of Rs. 7.2 crore towards stamp duty/registration expense related to a land parcel 2. 9MFY22 PBT includes non-recurring expense of Rs. 24.5 crore and PAT includes Rs. 18.3 crore towards stamp duty/registration expense related to a land parcel and differential GST liability arising out of classification issue of flavored milk 3. 9MFY21 total income includes Rs.9.6 crore income from real estate project. EBITDA and PBT include Rs.4.8 crore and PAT includes Rs.3.8 crore 4. 9MFY21 consolidated total income, EBITDA and PBT include Rs.2.8 crore of profit from land sale and PAT includes Rs. 2.1 crore; 9MFY21 PAT includes prior year tax expense of Rs. 1.4 Crore 10 I Godrej Agrovet 9MFY22 SEGMENT-WISE REVENUE AND PBIT Segment Revenue Mix(1) Profit before interest and taxes (2) Poultry & processed food 8.8% Others 0.5% Dairy 12.7% Crop Protection 12.8% Oil Palm Plantation 16.2% 11 I Godrej Agrovet Dairy -4.3% Poultry & processed food -1.3% A

Notes

(1) As % of total consolidated segment revenues (2) As % of total consolidated segment profit before interest and taxes excluding non-recurring item SEGMENT-WISE PERFORMANCE UPDATE 12 I Godrej Agrovet ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q3FY22 Q3FY21 Growth 9MFY22 9MFY21 Growth Sales Volume (tons) 3,58,813 2,92,542 22.7% 10,13,259 8,40,198 Segment Revenue (Cr) 1,109.9 Segment Result (Cr) Segment Margin (%) 51.6 4.7% 783.3 38.2 4.9% 41.7% 35.1% 3,245.3 2,293.6 173.0 5.3% 133.9 5.8% 20.6% 41.5% 29.2% • Revenue growth of 41.7% in Q3 FY22 and 41.5% in 9M FY22 driven by solid volume growth as well as timely price hikes. Robust volume growth recorded across all key feed categories – Cattle (+27% year-on- year in Q3), Broiler (+30%) and layer (+24%). • Sustained R&D benefits, new product launches and strategic stocking initiatives supported segment profitability. • However, limited transmission of increase in r

Pragati

Community- based Education • 4,075 students engaged in A.P. and Punjab (74% engagement rate) through sports education program to create awareness on mental and physical fitness • Support for digital education to 843 students (6th -10th) in MH and UP – 28,000+ hours of digital education content consumed Watershed Management • 4,397 Ha of area covered; 6.5 million m3 water sequestered (6x GAVL footprint) & 76,000 MT CO2 offset (76% GAVL footprint); 2,911 HHs benefited of which 774 farmers trained; 2.96 lakh trees planted 19 I Godrej Agrovet GAVL SHAREHOLDING PATTERN Others , 8.2% DII, 5.4% FII, 14.7% Promoters, 71.6% Major Investors • • • • Temasek Aberdeen Kotak Mutual Fund LIC of India • DSP • • Vanguard Bajaj Holdings • Quant Mutual Fund 20 I Godrej Agrovet CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Email: s.varadaraj@godrejagrovet.com gavlinvestors@godrejagrovet.com Aditya Desai Email: aditya.desai@godrejagrovet.com gavlinvestors@godrejagrovet.com 21 I Go