Godrej Agrovet Limited · NSE:GODREJAGRO
Godrej Agrovet — Q3 FY26 Earnings Presentation
29 slides from Godrej Agrovet's earnings presentation, Feb 3, 2026
Slide 1: Cover letter to stock exchanges
Date: February 3, 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: Godrej Agrovet Limited Q3 FY26 Performance Update
GODREJ AGROVET LIMITED Q3 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: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE 3 I Godrej Agrovet
Slide 5: Strong performance driven by margin expansion in key portfolio businesses in Q3 FY26
STRONG PERFORMANCE DRIVEN BY MARGIN EXPANSION IN KEY PORTFOLIO BUSINESSES IN Q3 FY26 Revenue growth +11% PBT* Growth +23% Animal Feed – Sustained volume growth Oil Palm Business EBIT growth 25% Cattle feed (MT) 21% y-o-y OER# improved 30 bps FFB# growth 16% Margin growth 17% y-o-y Godrej Foods Sharp
Slide 6: Consolidated Financials – Q3 FY26
CONSOLIDATED FINANCIALS – Q3 FY26 As reported Excluding non-recurring items ₹ Crore Q3 FY26 Q3 FY25 Y-o-Y Change Q3 FY26 Q3 FY25 Y-o-Y Change Revenues 2,718 2,450 11.0% 2,718 2,450 11.0% Earnings before interest, tax and 260 229 13.6% 260 229 13.6% Depreciation (EBITDA) EBITDA Margin (%) 9.6% 9.3% 9
Slide 7: Consolidated Financials – 9M FY26
CONSOLIDATED FINANCIALS – 9M FY26 As reported Excluding non-recurring items ₹ Crore 9M FY26 9M FY25 Y-o-Y Change 9M FY26 9M FY25 Y-o-Y Change Revenues 7,900 7,249 9.0% 7,900 7,249 9.0% Earnings before interest, tax and 763 700 8.9% 763 685 11.3% Depreciation (EBITDA) EBITDA Margin (%) 9.7% 9.7% 9.7%
Slide 8: 9M FY26 Segment-wise Revenue and PBIT
9M FY26 SEGMENT-WISE REVENUE AND PBIT Segment revenues (1) – 9M FY26 Segment results (2) – 9M FY26 Poultry & processed Others, 1.5% Poultry & processed food, 7.1% food, 2.5% Others, -0.5% Dairy, 2.3% Animal Feed, Animal Feed, Dairy, 14.5% 44.7% 27.9% Crop Protection, 19.8% Crop Protection, 10.7% Veg
Slide 9: Segment-wise Performance Update
SEGMENT-WISE PERFORMANCE UPDATE 8 I Godrej Agrovet
Slide 10: Animal Feed
ANIMAL FEED Leading compound feed play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India Particulars Q3 FY26 Q3 FY25 Y-o-Y Change 9M FY26 9M FY25 Y-o-Y Change Sales Volume (MT) 445,060 397,498 12.0% 1,220,293 1,105,040 10.4% Segment Revenue (Cr) 1,298 1,274 1.9% 3,672 3,635 1.0% Re
Slide 11: Vegetable Oil
VEGETABLE OIL Largest domestic producer of Crude Palm oil (CPO) and Palm Kernel Oil(PKO) Particulars Q3 FY26 Q3 FY25 Y-o-Y Change 9MFY26 9MFY25 Y-o-Y Change CPO Realisations (₹ per MT) 1,12,689 1,21,173 -7.0% 1,12,031 1,00,595 11.4% PKO Realisations (₹ per MT) 2,20,509 1,77,349 24.3% 2,13,656 1,39,2
Slide 12: Crop Protection Business
CROP PROTECTION BUSINESS Agrochemical products catering to the entire crop lifecycles Particulars Q3 FY26 Q3 FY25 Y-o-Y Change 9MFY26 9MFY25 Y-o-Y Change Segment Revenue (Cr) 136 99 37.2% 604 611 -1.2% Segment Result (Cr) 26 27 -3.3% 197 254 -22.5% Segment Margin (%) 19.2% 27.2% 32.6% 41.6% • Segmen
Slide 13: Astec Lifesciences
ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients Particulars Q3 FY26 Q3 FY25 Y-o-Y Change 9M FY26 9M FY25 Y-o-Y Change Revenues (Cr) 125 94 32.9% 290 262 10.6% EBITDA* (Cr) 5 -4 NM -11 -67 NM EBITDA Margin (%) 3.9% NM NM NM *Excludes wage code impact • Segment revenue
Slide 14: Creamline Dairy
CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio Particulars Q3 FY26 Q3 FY25 Y-o-Y Change 9M FY26 9M FY25 Y-o-Y Change Revenues (Cr) 380 370 3% 1,190 1,201 -1% EBITDA*(Cr) 11 18 -38% 44 63 -31% EBITDA Margin (%) 3.0% 4.9% 3.7% 5.3% *Excludes wage code imp
Slide 15: Godrej Foods Limited and Joint Venture ACI Godrej Agrovet
GODREJ FOODS LIMITED Particulars Q3 FY26 Q3 FY25 Y-o-Y Change 9M FY26 9M FY25 Y-o-Y Change Revenues (Cr) 215 216 -0.1% 585 647 -10% EBITDA (Cr) 17 11 51% 33 41 -19% EBITDA Margin (%) 7.9% 5.2% 5.6% 6.3% • Branded salience rose to ~81% in Q3 FY26 from ~77% in Q3 FY25, reinforcing the strategic shift
Slide 16: Q3 FY26: New Product Launches & Other Updates
Q3 FY26 : NEW PRODUCT LAUNCHES & OTHER UPDATES 15 I Godrej Agrovet 15
Slide 17: Feed businesses using NPD as a lever for growth
FEED BUSINESSES ARE USING NPD* AS A LEVER FOR GROWTH, BASIS STATE SPECIFIC NUTRITIONAL REQUIREMENTS Dhanalaxmi G: Nutritious premium cattle feed for high yielding cows, buffaloes • Launched in Nov25 in key geographies in Western India; users seeing increased yield after regular use • Plan to launch
Slide 18: Diversifying growth through strategic new crop launches
DIVERSIFYING GROWTH THROUGH STRATEGIC NEW CROP LAUNCHES Ashitaka (Maize herbicide, in-licensed from ISK) • Introduced in Jul ‘25 to strengthen and expand portfolio in maize weed management segment • Delivers superior broad-spectrum weed control with excellent crop safety • Best in class product, wit
Slide 19: CDPL launched ₹99 paneer and ₹20 badam milk
CDPL HAS LAUNCHED ₹99 PANEER AS A PENETRATION PACK & ₹20 BADAM MILK Godrej Jersey: First to democratize protein by launching 30g protein paneer at ₹99 price point • Launched in Dec25 primarily as a Qcomm pack ; launched in GT to drive distribution expansion Badam 20 – Godrej Jersey is the 1st brand
Slide 20: Astec unlocked new growth markets through registrations and certification
ASTEC UNLOCKED NEW GROWTH MARKETS THROUGH NEW PRODUCT REGISTRATIONS & SUSTAINABILITY CERTIFICATION Cyproconazole & Tebuconazole : Registration received for Brazil in Dec’25 Metconazole: European equivalence received in Dec’25 Astec has been recognized with the prestigious Gold rating by ECOVADIS, pl
Slide 21: ESG Update
ESG UPDATE 20 I Godrej Agrovet
Slide 22: Our ESG initiatives continued to generate meaningful impact
OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 78.9% GAVL’s Renewable 14x energy portfolio^ Water conservation^ ✓ Installed Solar rooftops at 20+ manufacturing sites - Cumulative ✓ A water positive company; 22.14 million m3 water sequestered generation of ~14,000 MWh in FY’25 against a
Slide 23: 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 24: Q3 FY26 Impact Update
Q3 FY26 IMPACT UPDATE FARMER VALUE CHAIN NATURE EDUCATION Water sequestered*: Students receiving Dairy farmers 14x* 22.14 million m3 training in modern 10,112 engaged up to Q3 Water GAVL water usage: 17K agriculture techniques FY26 Target: 13,000 positive 1.58 million m3 FY26 Target: 17K Carbon sequ
Slide 25: Annexures
ANNEXURES 24 I Godrej Agrovet
Slide 26: Non-Recurring Items
NON-RECURRING ITEMS EBITDA PBT* PAT Consolidated (₹ Crore) Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 REPORTED 260 229 169 138 110 110 Reversal of long-term incentives provision - - - - - - Remeasurement of Deferred Tax - - - - - (14) True up of Current Tax - - - - - 3 Tax impact on change in w
Slide 27: Shareholding Pattern as of December 31, 2025
SHAREHOLDING PATTERN AS OF DECEMBER 31, 2025 FII Major Investors 6.3% DII 7.0% ➢ Temasek ➢ LIC of India ➢ Nippon Mutual Fund ➢ FSSA Investment Managers Others 19.1% ➢ Vanguard ➢ DSP Mutual Fund ➢ Government Pension Fund global ➢ Tata Mutual Fund Promoters 67.7% ➢ UTI Mutual Fund ➢ Bajaj Life Insuran
Slide 28: 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 27 I Godrej Agrovet
Slide 29: Thank you for your time and consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 28 I Godrej Agrovet