Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q2 FY27 Earnings Presentation
32 slides from Godrej Agrovet's earnings presentation, Nov 6, 2026
Slide 1: Cover letter to BSE and NSE
Date: November 6, 2026 To, To, BSE Limited National Stock Exchange of India Limited P. J. Towers, Dalal Street, Exchange Plaza, Bandra - Kurla Complex, Fort, Mumbai – 400001 Bandra (East), Mumbai - 400051 Ref.: BSE Scrip Code No. “540743” Ref.: “GODREJAGRO” Sub: Presentation to Investors & Analysts
Slide 2: Investor Presentation: Q2 and H1 FY27 Performance Update
INVESTOR PRESENTATION Q2 and H1 FY27 Performance Update 6 November, 2026
Slide 3: Disclaimer
Disclaimer This communication is provided for information purposes only and does not constitute (and should not be construed as) an offer, invitation or solicitation to buy or sell any securities or other financial instruments, or any investment advice. Recipients should make their own independent a
Slide 4: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE
Slide 5: Operating environment remains highly volatile and challenging
Operating environment remains highly volatile and challenging El Niño impact Geopolitical volatility-led inflation ▪ El Niño intensified into a ‘super’ event in Q2; monsoon ended ▪ Unprecedented geopolitical disruptions kept ~13% short with wide spatial and temporal deviations, causing input costs h
Slide 6: Q2 FY27 Highlights
In this context, we delivered a double-digit revenue growth with sustained earnings resilience through focused interventions Q2 FY27 Highlights 17% flat 5% 22% Revenue growth EBITDA growth PBT growth PAT# growth Driven by pricing ~120 bps margin impact ~50 bps margin Improved and premiumization from
Slide 7: Q2 FY27 Segmental Summary
Q2 FY27 Segmental Summary Revenue share, Q2 FY27 Animal Nutrition Oil Palm Crop Care India Revenue growth +14% Revenue growth +28% Revenue growth +42% Cattle feed volume +8% FFB volume +14% EBIT growth +32% EBIT growth +4% EBIT growth (23%) Margin 6.7% ▲ 90 bps Margin 18.2% ▼ 420 bps Margin 12.6% ▼
Slide 8: Q2 FY27 P&L
Q2 FY27 P&L Particulars (₹ cr) Q2 FY27 Q2 FY26 Change YoY Revenue 2,995 2,564 17% EBITDA 222 221 Flat EBITDA margin % 7.4% 8.6% (120 bps) Profit before Tax and 131 125 5% share of profit of JV PBT margin % 4.4% 4.9% (50 bps) Profit after tax (PAT)# 103 84 22% PAT margin % 3.4% 3.3% 10 bps #PAT befor
Slide 9: H1 FY27 P&L
H1 FY27 P&L Excluding non-recurring & exceptional items As reported Change Change Particulars (₹ cr) H1 FY27 H1 FY26 H1 FY27 H1 FY26 YoY YoY Revenue 5,847 5,167 13% 5,847 5,167 13% EBITDA 480 503 (4%) 476 503 (5%) EBITDA margin % 8.2% 9.7% (150 bps) 8.1% 9.7% (160 bps) Profit before Tax and 303 313
Slide 10: Progress against long-term strategic priorities across business segments
We continue to make progress against our long-term strategic priorities across business segments Business Strategic shift Key actions Progress ▪ Product ▪ Lifecycle segment focus; Samruddhi® expansion to Karnataka Animal Nutrition mindset premiumization ▪ Premium portfolio grew by ~20% vs. LY Nutrit
Slide 11: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE
Slide 12: Animal Nutrition: revenue grew 14%
Animal Nutrition | Strong performance: revenue grew 14%, driven by higher realization and volumes; segment margin up 90 bps Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Volume (‘000 MT) 411 400 3% 814 775 5% Revenue (₹ cr) 1,387 1,217 14% 2,689 2,373 13% Segment Result (₹ cr) 93
Slide 13: Oil Palm: robust revenue growth of 28%
Oil Palm | Robust revenue growth of 28%, driven by better realizations and higher FFB volumes Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Revenue* (₹ cr) 784 613 28% 1,374 1,072 28% CPO Realizations (₹ ‘000s per MT) 136 111 23% 136 112 21% PKO Realizations (₹ ‘000s per MT) 250
Slide 14: Crop Care: significant impact on profitability due to El Niño
Crop Care | Significant impact on profitability due to El Niño, despite revenue growth of 42% Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Revenue (₹ cr) 198 139 42% 469 467 flat Segment Result (₹ cr) 25 32 (23%) 111 171 (35%) Segment Margin (%) 12.6% 23.3% (1,070 bps) 23.7% 36.
Slide 15: Astec: Q2 revenue down ~3%
Astec | Q2 revenue down ~3%, mainly from weak demand in enterprise segment Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Revenue (₹ cr) 73 75 (3%) 157 166 (6%) EBITDA (₹ cr) (19) (6) n.m. (19) (16) n.m. EBITDA Margin (%) (26%) (7%) (1,900 bps) (12%) (10%) (260 bps) n.m.: not meas
Slide 16: Creamline Dairy: revenue growth led by pricing and VAP
Creamline Dairy | Revenue growth led by pricing and higher VAP salience; margin impacted by milk inflation Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Revenue (₹ cr) 415 393 6% 880 810 9% EBITDA (₹ cr) 5 18 (72%) 12 33 (64%) EBITDA Margin (%) 1.2% 4.6% (340 bps) 1.4% 4.5% (310
Slide 17: Godrej Foods: revenue up 8%
Godrej Foods | Revenue up 8%; B2C volume traction continues, with ~50% growth vs. LY Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Revenue (₹ cr) 198 182 8% 386 369 4% EBITDA (₹ cr) 5 7 (23%) 10 16 (36%) EBITDA Margin (%) 2.7% 3.7% (100 bps) 2.7% 4.3% (160 bps) EBITDA + WM# (₹ cr
Slide 18: ACI – GAVL JV: revenue growth of 32%
ACI – GAVL JV | Revenue growth of 32%, driven by volumes Change Change Particulars Q2 FY27 Q2 FY26 H1 FY27 H1 FY26 YoY YoY Volume (‘000 MT) 122 101 21% 231 196 18% Revenue (₹ cr) 503 380 32% 940 733 28% PBT (₹ cr) 34 33 4% 70 62 13% PBT (%) 7% 9% (180 bps) 7% 8% (110 bps) PAT (₹ cr) 25 21 20% 50 46
Slide 19: Efficient management of working capital
Efficient management of working capital Net Working Capital Net Working Capital Days (₹ cr) 47 1,222 894 32 655 21 Sep, '24 Sep, '25 Sep, '26 Sep'24 Sep'25 Sep'26 NWC = Average Net Working Capital (Current Assets - Current Liabilities excluding Current Borrowings and Current Lease Liabilities) 18 I
Slide 20: New Product Launches / Updates
NEW PRODUCT LAUNCHES/ UPDATES
Slide 21: Crop Care: diversification progressing well with new launches
Crop Care | Diversification progressing well, with new launches broadening portfolio Ashitaka® off to a bumper start ~6X Sales in H1 vs. LY ▪ Differentiated solution with strong ramp-up in H1 ▪ Deep channel penetration, reaching 2,500+ tracked retailers Other key products Takai® scaling in paddy/ ot
Slide 22: Godrej Foods: NPD gaining scale
Godrej Foods | NPD# gaining scale; innovation led entry to new growth spaces ~24% of Godrej Foods B2C H1 revenue is from NPDs across three core categories Frozen chicken Increasing Qcom market share, led by improved distribution and visibility initiatives Enablers Continued expansion of Momos Growin
Slide 23: Creamline Dairy: value-added products gaining traction
Creamline Dairy | Value-added products gaining traction ₹20 Badam Flavored Milk ~25K outlets reached, with high repeat rate Enablers Paneer 53 lakh ~33% Growth vs. Q2 LY, with ~14% repeat rate people reached at 3+ frequency with TV advertisement in AP, Telangana 22 I Godrej Agrovet
Slide 24: Animal Nutrition: premiumization journey continues
Animal Nutrition | Premiumization journey continues; ACI-GAVL JV sustains focus on quality-led launches Samruddhi® | Karnataka Dhanalakshmi® | Maharashtra Market Leader expansion Expanded from Maharashtra to In the premium Karnataka, MP, Gujarat, TN and UP cattle-nutrition segment Godrej Samruddhi®
Slide 25: ESG Update
ESG UPDATE
Slide 26: Our ESG initiatives continued to generate meaningful impact
Our ESG initiatives continued to generate meaningful impact 79.3% −11.1% A- Gold GAVL's renewable energy Scope 1 & 2 GHG emission Leadership band in CDP EcoVadis sustainability portfolio^ reduction^ Climate & Forest (Palm)* rating (Dec 2025) • Solar rooftops at >20 • First Indian agri company with •
Slide 27: ESG: Global collaboration and disclosures
ESG | Global collaboration and disclosures Published 1st Sustainability Report (SR) aligned to GRI framework ▪ Member of the World Business ▪ Committed to the global Science Council for Sustainable Development Based Targets initiative (SBTi) to ▪ Signatories to the Vision 2050 reduce our emissions i
Slide 28: Annexures
ANNEXURES
Slide 29: Key Awards and Recognition
Key Awards and Recognition SAP INDUS ALM Award 2026 for CII-FACE Food Safety Award Fulcrum Awards across segments: accelerating SAP S/4HANA-led digital (Commendation Certificate) for Large CCB Ashitaka® and Spin the Wheel Campaign transformation and operational Manufacturing Food Businesses – ANB Pr
Slide 30: Non-recurring items
Non-recurring items EBITDA PBT PAT Consolidated (₹ cr) H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 REPORTED 476 503 299 313 231 233 Employee separation costs provision 4 - 4 - 3 - Remeasurement of Deferred Tax - - - - -5 - BEFORE NON-RECURRING ITEMS 480 503 303 313 229 233 29 I Godrej Agrovet
Slide 31: Shareholding pattern as on 30 Sep, 2026
Shareholding pattern as on 30 Sep, 2026 Key investors ▪ Temasek Others, 18.3% ▪ Nippon MF ▪ Life Insurance Corporation of India ▪ FSSA Investment Managers DII, 7.4% ▪ DSP MF FII, 6.6% ▪ UTI MF ▪ White Oak Promoter/ ▪ Kotak MF Promoter Group, 67.7% ▪ Invisage Capital 30 I Godrej Agrovet
Slide 32: Thank You
THANK YOU For more details, please connect with Anurag Gupta Head, Investor Relations anurag.gupta3@godrejagrovet.com