Godrej Agrovet Limited
2,217words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
78.6%
13x
14,000 MW
98%
14.79 million
1.1 million
10%
37.5%
25%
9.7%
6.0%
Guidance — 8 items
Notes
opening
“ Segment revenue and margins recorded stellar year-on-year growth in Q2 FY26, supported by higher average realisations of Crude Palm Oil (CPO) and Palm Kernel Oil (PKO).”
Notes
opening
“Fresh Fruit Bunch (FFB) arrivals remained robust, registering year-on-year growth of ~9% (H1 FY26 : growth of 24% y-o-y).”
Notes
opening
“14 I Godrej Agrovet CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Segment Revenue (Cr) Segment Result (Cr) 139 32 198 85 -30% -62% 468 171 512 227 -9% -25% Segment Margin (%) 23.3% 43.1% 36.5% 44.4% Segment revenue declined by approximately 30% in Q2 FY26, primarily due to persistent and widespread rainfall across key markets, lower crop acreages and disrupted field operations.”
Notes
opening
“15 I Godrej Agrovet ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Revenues (Cr) EBITDA (Cr) 74 -6 99 -18 -25.2% NM EBITDA Margin (%) -7.6% -18.0% 165 -16 -9.7% 168 -63 -37.6% -1.9% NM The Enterprise category delivered a robust 15% year-on-year growth, highlighting strong demand and execution.”
Notes
opening
“16 I Godrej Agrovet CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Revenues (Cr) EBITDA*(Cr) EBITDA Margin (%) 393 18 4.6% 403 18 4.4% -2% 4% 810 33 4.5% 831 45 5.4% -3% -28% *Excludes profit on sale of Land of ₹4 cr in H1 FY26 Segment Revenue and EBITDA remained broadly stable year-on-year in Q2 FY26.”
Notes
opening
“VAP posted ~10% growth & VAP contribution to total sales rose to ~36% in Q2 FY26 from ~32% in Q2 FY25, reflecting continued portfolio premiumization.”
Notes
opening
“17 I Godrej Agrovet GODREJ FOODS LIMITED Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Revenues (Cr) EBITDA (Cr) EBITDA Margin (%) 183 7 3.7% 197 5 2.7% -7% 28% 370 16 4.3% 431 29 6.8% -14% -46% Branded segment continued to strengthen its position, with revenue growing ~3% year-on-year and Yummiez delivering a robust 19% growth.”
Notes
opening
“Branded salience rose to ~86% in Q2 FY26 from ~77% in Q2 FY25, reinforcing the strategic shift toward value-added products.”
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Risks & concerns — 2 flagged
Underlying segment increased utilization of vendor result/performance excludes the impact of abovementioned.
— Notes
Overall segment revenue declined by approximately 25% year-on-year, primarily due to a cautious approach by customers in Contract Manufacturing.
— Notes
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Opening remarks
GAVL water usage
1.1 M m3 Carbon sequesteredˆ: 14,875 tCO2e GAVL emissionsˆ: 58,342 tCO2e 774 Farmers engaged FY26 Target: 1,500 EDUCATION 17K 200 Students receiving training in modern agriculture techniques FY26 Target: 17K Students receiving dance and music training FY26 Target: 200 6 I Godrej Agrovet CII CLIMATE ACTION PROGRAM (CAP 2.0) – “ORIENTED” CATEGORY • A national program to recognize climate actions taken by industries • Assessment conducted by CII certified independent assessor team • Recognized with “Oriented” - 2nd highest in award category STRENGTHS IMPROVEMENT OPPORTUNITY • GHG emission reduction target commitment & initiatives • Management approach • Transparency & Accountability • Incorporation of climate risk into ERM framework • Transparent disclosure of climate risk assessment process, methodology, adoption strategy 7 I Godrej Agrovet PERFORMANCE HIGHLIGHTS 8 I Godrej Agrovet CONSOLIDATED FINANCIALS – H1 FY26 ₹ Crore As reported Excluding non-recurring items H1 FY26 H1 FY25 Y-o-Y C
Notes
(1) As % of total consolidated segment revenues (2) As % of total consolidated segment profit before interest and taxes 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 Q2 FY26 4,00,094 Q2 FY25 3,61,594 Particulars Sales Volume (MT) Segment Revenue (Cr) Reported Segment Result (Cr) Reported Segment Margin (%) Underlying Segment Result (Cr) 1,217 70 5.8% 80 Underlying Segment Margin (%) 6.6% Y-o-Y Change 11% 1% 0% 14% H1 FY26 7,75,233 H1 FY25 7,07,542 2,373 135 5.7% 156 6.6% 2,361 149 6.3% 149 6.3% Y-o-Y Change 10% 1% -9% 5% 1,205 71 5.9% 71 5.9% Animal Feed segment delivered record quarterly volumes, driven by sustained market share gains in the cattle feed category. Cattle feed volumes grew by +18% y-o-y, contributing significantly to the overall volume expansion. Segment revenue remained flat, as strong volume growth was offset by lower average realizations due to sof
Email
amit.pendse@godrejagrovet.com gavlinvestors@godrejagrovet.com 23 I Godrej Agrovet THANK YOU FOR YOUR TIME AND CONSIDERATION 24 I Godrej Agrovet
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