Godrej Agrovet Limited

rs,

Date: November 9, 2021 To, BSE Limited P. J. Towers, Dalal Street, Fort Mumbai – 400 001 To, National Stock Exchange of India Limited Exchange Plaza

30%

vet STRIDING TOWARDS A NET ZERO FUTURE • Overachieved our renewable capacity addition target of 30% by 2020 • Currently at 70% and will achieve goal of 90% Renewable Energy (RE) usage by 2025 • Ach

70%

ZERO FUTURE • Overachieved our renewable capacity addition target of 30% by 2020 • Currently at 70% and will achieve goal of 90% Renewable Energy (RE) usage by 2025 • Achieved more than 400% water p

90%

our renewable capacity addition target of 30% by 2020 • Currently at 70% and will achieve goal of 90% Renewable Energy (RE) usage by 2025 • Achieved more than 400% water positivity i.e. for every litr

400%

ently at 70% and will achieve goal of 90% Renewable Energy (RE) usage by 2025 • Achieved more than 400% water positivity i.e. for every litre of water we withdraw, we add 4 litres back to the environment

24,000 MT

de possible by our flagship watershed programmes in MP and Karnataka CO2 • Sequestered more than 24,000 MT afforestation from our of projects, equivalent to 45% of our emissions • Allied with our ambitious

45%

Karnataka CO2 • Sequestered more than 24,000 MT afforestation from our of projects, equivalent to 45% of our emissions • Allied with our ambitious Renewable Energy targets, we will be close to net zer

35.3%

e, unless stated) Q2FY22 Q2FY21 Growth Q2FY22 Q2FY21 Growth Total Income 1,699.3 1,256.0 35.3% 2,159.7 1,732.2 24.7% Earnings before interest, tax and Depreciation (EBITDA) 166.2 135.9

24.7%

Q2FY21 Growth Q2FY22 Q2FY21 Growth Total Income 1,699.3 1,256.0 35.3% 2,159.7 1,732.2 24.7% Earnings before interest, tax and Depreciation (EBITDA) 166.2 135.9 22.3% 196.1 181.5 8.0%

22.3%

2,159.7 1,732.2 24.7% Earnings before interest, tax and Depreciation (EBITDA) 166.2 135.9 22.3% 196.1 181.5 8.0% EBITDA Margin (%) 9.8% 10.8% 9.1% 10.5% Profit before tax (PBT) 132.6

8.0%

4.7% Earnings before interest, tax and Depreciation (EBITDA) 166.2 135.9 22.3% 196.1 181.5 8.0% EBITDA Margin (%) 9.8% 10.8% 9.1% 10.5% Profit before tax (PBT) 132.6 107.0 23.9% 149.8

9.8%

erest, tax and Depreciation (EBITDA) 166.2 135.9 22.3% 196.1 181.5 8.0% EBITDA Margin (%) 9.8% 10.8% 9.1% 10.5% Profit before tax (PBT) 132.6 107.0 23.9% 149.8 150.1 -0.2% PBT Margi

Notes

1

Notes

(1) As % of total consolidated segment revenues (2) As % of total consolidated segment profit before interest and taxes excluding non-recurring income 8 I Godrej Agrovet SEGMENT-WISE PERFORMANCE UPDATE 9 I Godrej Agrovet ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q2FY22 Q2FY21 Growth H1FY22 H1FY21 Growth Sales Volume (tons) 3,37,609 2,79,906 20.6% 6,54,446 5,47,655 Segment Revenue (Cr) 1,134.1 Segment Result (Cr) Segment Margin (%) 57.6 5.1% 762.3 47.6 6.2% 48.8% 21.0% 2,135.4 1,510.3 121.4 5.7% 95.7 6.3% 19.5% 41.4% 26.8% • Growth momentum continued in volumes in Q2 FY22 with growth being registered in all feed categories i.e. cattle, broiler and layer. This coupled with timely price hikes taken during the quarter resulted in revenue growth of 48.8% YoY in Q2FY22 & 41.4% in H1 FY22. • Segment results grew by 21.0% YoY in Q2FY22 & 26.8% YoY in H1FY22 despite increase in key commodity prices. Realisation of R&D