Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q2 FY26 Earnings Presentation
25 slides from Godrej Agrovet's earnings presentation, Nov 5, 2025
Slide 1: Exchange filing cover letter: Presentation to Investors & Analysts
Date: November 5, 2025 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: Q2 & H1 FY26 Performance Update
GODREJ AGROVET LIMITED Q2 & H1 FY26 PERFORMANCE UPDATE 1 I Godrej Agrovet
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include change
Slide 4: ESG Update
ESG UPDATE 3 I Godrej Agrovet
Slide 5: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 78.6% GAVL’s Renewable 13x energy portfolio^ Water conservation^ Installed Solar rooftops at 20+ manufacturing sites - Cumulative A water positive company; 14.79 million m3 water sequestered generation of ~14,000 MWh in FY’25 against a
Slide 6: Ambitious global commitments & affiliations
AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS Member of the World Business Committed to the global Science Council for Sustainable Signatories to the global EP100 Based Targets initiative (SBTi) to Development; NBG is also on the framework created by the Climate reduce our emissions in line with
Slide 7: H1 FY26 impact update
H1 FY26 IMPACT UPDATE FARMER VALUE CHAIN NATURE EDUCATION Water sequestered*: Students receiving Dairy farmers 13x* 14.79 M m3 training in modern 5,157 engaged in H1 Water GAVL water usage: 17K agriculture techniques FY26 Target: 13,000 positive 1.1 M m3 FY26 Target: 17K Carbon sequesteredˆ: Student
Slide 8: CII Climate Action Program (CAP 2.0) – Oriented category
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 emis
Slide 9: Performance Highlights
PERFORMANCE HIGHLIGHTS 8 I Godrej Agrovet
Slide 10: Consolidated Financials – H1 FY26
CONSOLIDATED FINANCIALS – H1 FY26 As reported Excluding non-recurring items ₹ Crore H1 FY26 H1 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Revenues 5,182 4,800 8% 5,182 4,800 8% Earnings before interest, tax and 503 471 7% 503 456 10% Depreciation (EBITDA) EBITDA Margin (%) 9.7% 9.8% 9.7% 9.5% Pr
Slide 11: Consolidated Financials – Q2 FY26
CONSOLIDATED FINANCIALS – Q2 FY26 As reported Excluding non-recurring items ₹ Crore Q2 FY26 Q2 FY25 Y-o-Y Change Q2 FY26 Q2 FY25 Y-o-Y Change Revenues 2,567 2,449 5% 2,567 2,449 5% Earnings before interest, tax and 221 236 -6% 221 221 0% Depreciation (EBITDA) EBITDA Margin (%) 8.6% 9.6% 8.6% 9.0% Pr
Slide 12: H1 FY26 Segment-wise Revenue and PBIT
H1 FY26 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – H1 FY26 Segment results (2) – H1 FY26 Poultry & processed Poultry & processed Others, 1.5% food, 1.3% food, 6.9% Dairy, 2.6% Others, -0.3% Animal Feed, Crop Animal Feed, 44.0% Protection, 26.4% Dairy, 15.0% 25.9% Crop Protection, 11.4% Veg
Slide 13: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 12 I Godrej Agrovet
Slide 14: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Sales Volume (MT) 4,00,094 3,61,594 11% 7,75,233 7,07,542 10% Segment Revenue (Cr) 1,217 1,205 1% 2,373 2,361 1% Reported S
Slide 15: Vegetable Oil
VEGETABLE OIL Largest domestic producer of Crude Palm oil (CPO) and Palm Kernel Oil(PKO) Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change CPO Realisations (₹ per MT) 1,11,450 92,562 20% 1,11,781 89,760 24% PKO Realisations (₹ per MT) 2,08,301 1,28,017 63% 2,09,474 1,24,587 68% S
Slide 16: Crop Protection Business
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) 139 198 -30% 468 512 -9% Segment Result (Cr) 32 85 -62% 171 227 -25% Segment Margin (%) 23.3% 43.1% 36.5% 44.4% Segment r
Slide 17: Astec Lifesciences
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) 74 99 -25.2% 165 168 -1.9% EBITDA (Cr) -6 -18 NM -16 -63 NM EBITDA Margin (%) -7.6% -18.0% -9.7% -37.6% The Enterprise category delive
Slide 18: Creamline Dairy
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) 393 403 -2% 810 831 -3% EBITDA*(Cr) 18 18 4% 33 45 -28% EBITDA Margin (%) 4.6% 4.4% 4.5% 5.4% *Excludes profit on sale of
Slide 19: Godrej Foods Limited and ACI Godrej Agrovet joint venture
GODREJ FOODS LIMITED Particulars Q2 FY26 Q2 FY25 Y-o-Y Change H1 FY26 H1 FY25 Y-o-Y Change Revenues (Cr) 183 197 -7% 370 431 -14% EBITDA (Cr) 7 5 28% 16 29 -46% EBITDA Margin (%) 3.7% 2.7% 4.3% 6.8% Branded segment continued to strengthen its position, with revenue growing ~3% year-on-year and Yum
Slide 20: New product launches in Yummiez
NEW PRODUCT LAUNCHES IN YUMMIEZ Crispy Bites – A unique whole muscle innovation paired with signature atomic sauce for tossing Chicken Momos Range – Perfectly crafted momos 19 I Godrej Agrovet 19
Slide 21: Annexures
ANNEXURES 20 I Godrej Agrovet
Slide 22: Non-recurring items
NON-RECURRING ITEMS EBITDA PBT PAT Consolidated (₹ Crore) Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 REPORTED 221 236 125 138 84 96 Reversal of long-term incentives provision - (15) - (15) - (11) Reversal of Indexation benefit - - - - - 20 BEFORE NON-RECURRING ITEMS 221 221 125 123 84 104 EBITD
Slide 23: Shareholding pattern as of September 30, 2025
SHAREHOLDING PATTERN AS OF SEPTEMBER 30, 2025 FII Major Investors 7.2% DII 6.9% Temasek LIC of India Nippon Mutual Fund FSSA Investment Managers Others Vanguard 18.4% DSP Mutual Fund CDPQ Pension Fund Tata Mutual Fund Promoters 67.5% Motilal Oswal Mutual Fund UTI Mutual Fund Fr
Slide 24: Contact Us
CONTACT US To know more, visit us at: www.godrejagrovet.com S Varadaraj Amit Pendse Email: s.varadaraj@godrejagrovet.com Email: amit.pendse@godrejagrovet.com gavlinvestors@godrejagrovet.com gavlinvestors@godrejagrovet.com 23 I Godrej Agrovet
Slide 25: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 24 I Godrej Agrovet