Godrej Agrovet Limited

rs,

Date: November 3, 2023 To, BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 To, National Stock Exchange of India Limited Exchange Plaz

28%

Agrovet PERFORMANCE HIGHLIGHTS 3 I Godrej Agrovet KEY HIGHLIGHTS – H1 FY24 EBITDA Growth +28% PAT Growth +36% Crop Protection Business +42% Topline growth Godrej Tyson +3.3x EBITDA growt

36%

NCE HIGHLIGHTS 3 I Godrej Agrovet KEY HIGHLIGHTS – H1 FY24 EBITDA Growth +28% PAT Growth +36% Crop Protection Business +42% Topline growth Godrej Tyson +3.3x EBITDA growth In-licensed port

42%

et KEY HIGHLIGHTS – H1 FY24 EBITDA Growth +28% PAT Growth +36% Crop Protection Business +42% Topline growth Godrej Tyson +3.3x EBITDA growth In-licensed portfolio volume +189% EBIT Margin 30

3.3x

TDA Growth +28% PAT Growth +36% Crop Protection Business +42% Topline growth Godrej Tyson +3.3x EBITDA growth In-licensed portfolio volume +189% EBIT Margin 30.9% Topline growth +15% Real Good

189%

ion Business +42% Topline growth Godrej Tyson +3.3x EBITDA growth In-licensed portfolio volume +189% EBIT Margin 30.9% Topline growth +15% Real Good Chicken Volume +16% Dairy – EBIT positive Valu

30.9%

2% Topline growth Godrej Tyson +3.3x EBITDA growth In-licensed portfolio volume +189% EBIT Margin 30.9% Topline growth +15% Real Good Chicken Volume +16% Dairy – EBIT positive Value-added products r

15%

j Tyson +3.3x EBITDA growth In-licensed portfolio volume +189% EBIT Margin 30.9% Topline growth +15% Real Good Chicken Volume +16% Dairy – EBIT positive Value-added products revenue +19% VAP Salie

16%

-licensed portfolio volume +189% EBIT Margin 30.9% Topline growth +15% Real Good Chicken Volume +16% Dairy – EBIT positive Value-added products revenue +19% VAP Salience 37% Animal Feed – Sustaine

19%

growth +15% Real Good Chicken Volume +16% Dairy – EBIT positive Value-added products revenue +19% VAP Salience 37% Animal Feed – Sustained volume growth Cattlefeed volume Aqua Feed volume +17%

37%

l Good Chicken Volume +16% Dairy – EBIT positive Value-added products revenue +19% VAP Salience 37% Animal Feed – Sustained volume growth Cattlefeed volume Aqua Feed volume +17% +21% Astec Life

17%

+19% VAP Salience 37% Animal Feed – Sustained volume growth Cattlefeed volume Aqua Feed volume +17% +21% Astec LifeSciences and Oil Palm businesses impacted by challenging environment Demand-suppl

Notes

2

Notes

215 8.3% 134 5.2% 105 4.1% 159 6.5% 87 3.6% 70 2.8% 5.1% 34.9% 53.3% 51.1% 5,081 4,955 421 8.3% 258 5.1% 215 4.2% 328 6.6% 190 3.8% 157 3.2% 2.5% 28.3% 35.9% 36.5% ▪ ▪ ▪ EBITDA and PBT excludes Rs. 2.0 Crore and PAT excludes Rs. 1.3 Crore towards non-recurring provision of differential VAT in Q2 FY24 EBITDA and PBT excludes Rs. 4.3 Crore and PAT excludes Rs. 3.6 Crore towards non-recurring provision of differential VAT and dues in respect of industrial plots in H1 FY24 Profit before Tax excludes share of profits from associates 5 I Godrej Agrovet H1 FY24 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – H1 FY24 Segment results (2) – H1 FY24 Poultry & processed food, 10.2% Others, 1.0% Animal Feed, 46.9% Others, -1.1% Poultry & processed food, 10.7% Dairy, 0.1% Animal Feed, 28.4% Dairy, 15.1% Crop Protection, 14.1% Crop Protection, 37.1% Vegetable Oil, 12.6% 6 I Godrej Agrovet

Notes

(1) As % of total consolidated segment revenues (2) As % of total consolidated segment profit before interest and taxes excluding non-recurring items Vegetable Oil, 24.8% SEGMENT-WISE PERFORMANCE UPDATE 7 I Godrej Agrovet ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Sales Volume (tons) Segment Revenue (Cr) Segment Result (Cr) Segment Margin (%) Q2 FY24 3,72,212 1,242 57 4.6% Q2 FY23 3,56,933 1,220 49 4.0% Growth 4.4% 1.8% 15.8% H1 FY24 7,46,927 2,527 111 4.4% H1 FY23 7,09,917 2,466 74 3.0% Growth 5.2% 2.5% 50.5% • Volume growth in Q2 FY24 was primarily driven by Cattle feed and Aqua Feed categories. Led by continued market share gains, Cattle-feed maintained growth momentum with +16% y-o-y jump in volumes. • Aqua Feed volume growth of +15% y-o-y was driven by higher fish feed sales from newer regions and gains in existing markets • Softened commodity prices and higher realizations in Cattle & Fish feed categories