BSECompany Update5 Aug 2026 · 5 Aug 2026, 06:28 pm
Please find enclosed Press Release
Godrej Agrovet Ltd · 540743
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Godrej Agrovet Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, with consolidated sales of Rs. 2,852 crore, a 9.5% increase from Rs. 2,603 crore in the same quarter last year. Profit before tax, excluding non-recurring items, was Rs. 172 crore, a 8.5% decrease from Rs. 188 crore in Q1 FY26.
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Godrej Agrovet Ltd - 540743 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: August 5, 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: Media Release
Dear Sir / Madam,
The Board of Directors of Godrej Agrovet Limited (“The Company”) at its Meeting held today, i.e., on
Wednesday, August 5, 2026, has approved the Standalone and Consolidated Unaudited Financial
Results for the Quarter ended June 30, 2026.
We enclose herewith a copy of the Media Release and the same is being placed on the website of the
Company i.e., www.godrejagrovet.com.
Kindly take the above on your record.
Thanking you,
Yours sincerely,
For Godrej Agrovet Limited
Vivek Raizada
Head- Legal & Company Secretary & Compliance Officer
(ACS 11787)
Encl.: As above
PRESS RELEASE
Mumbai, August 5, 2026: Godrej Agrovet Limited (“GAVL”) has today announced its
financial results for the first quarter ended June 30, 2026.
HIGHLIGHTS OF FINANCIAL PERFORMANCE
Q1 FY27 Financial Summary
• The Consolidated Sales was Rs. 2,852 crore in Q1 FY27 as compared to Rs. 2,603
crore in Q1 FY26.
• Profit before tax*, excluding non-recurring items, of Rs.172 crore in Q1 FY27 as
compared to Rs. 188 crore in Q1 FY26.
* Profit before tax excludes share of profit from Joint Venture
MANAGING DIRECTOR’S COMMENTS
Commenting on the performance, Mr. Sunil Kataria, Chief Executive Officer &
Managing Director, Godrej Agrovet Limited, said:
Godrej Agrovet Limited delivered a resilient performance in Q1 FY27, with
consolidated sales reporting double-digit growth despite operating in a challenging
environment marked by delayed monsoon conditions and geopolitical tensions that
led to inflationary pressures. While profitability was impacted by temporary cost
headwinds in select businesses, we remain confident of our ability to navigate these
challenges through operational excellence and focused cost management.
The quarter was characterized by robust volume-led growth across majority of our
businesses. Animal Nutrition delivered another standout quarter, with ~15% growth
in cattle feed volumes and improved realizations driving strong revenue momentum,
while disciplined execution across sourcing, cost management and operating leverage
translated to margin expansion. Our Bangladesh joint venture, ACI Godrej Agrovet,
also returned to a strong growth path, delivering healthy volume and profitability
growth.
The Oil Palm business continued to deliver strong performance, with improved
realizations and enhanced oil extraction efficiency driving robust growth in both
revenue and profitability, while Fresh Fruit Bunch (FFB) volumes remained resilient
against a high base despite delayed monsoon conditions.
Astec LifeSciences continued to make strong progress on its turnaround journey,
achieving another quarter of EBITDA break-even and significantly reducing losses,
driven by improved volumes, better realizations, and higher capacity utilization.
The Crop Care business was impacted by a significantly delayed monsoon, slower
kharif sowings following one of the driest June in over a decade, affecting volumes of
our in-house cotton herbicide; however, strong market traction and continued scale-
up of Ashitaka (a new Maize herbicide) reaffirmed the strength of our innovation-led
portfolio diversification efforts, helping to partially mitigate the impact even as lower
cotton herbicide volumes weighed on margins. The Dairy business continued to
strengthen its value-added portfolio, delivering healthy revenue growth backed by
strong volume growth and increasing the share of value-added products from 42% to
49% of sales. However, industry-wide milk inflation and war impact on other inputs
impacted profitability. In Godrej Foods, branded volumes continued to grow strongly
in line with our strategic direction and the business maintained stable revenues.
Profitability was affected by higher input costs and inflationary pressure from
geopolitical disruptions.
The significant improvement in net working capital over the past two years reflects
our disciplined focus on capital allocation, cash generation and value creation. As we
progress through FY27, we remain focused on building a customer and market centric
organization with sharp execution focus to build a stronger higher return portfolio.
SEGMENT-WISE BUSINESS HIGHLIGHTS
Animal Nutrition
▪ Delivered robust topline growth powered by strong demand-led volume
expansion and improved realizations. Cattle feed volumes grew ~15% YoY,
reinforcing the business's leadership position and growth momentum.
▪ Margin performance strengthened materially, with underlying segment results
improving by ~36% YoY, reflecting the benefits of strategic commodity
sourcing, operating leverage, and relentless cost discipline.
Oil Palm
▪ Segment revenue was driven by improved realizations and higher sales
volumes. Fresh fruit bunch (FFB) volumes remained broadly flat despite high-
comparable base in Q1FY26, which had benefited from the early onset of the
monsoon.
▪ Segment result increased YoY, supported by enhanced oil extraction efficiency
and higher realizations.
Crop Care (Standalone)
▪ Demand remained muted amid delayed monsoon progress and slower kharif
sowings following one of the driest June in over a decade. Consequently, there
was a de-growth in segment revenue predominantly due to lower volumes of
in-house cotton herbicide.
▪ The Company’s strategic diversification journey has started on a strong footing,
with Ashitaka (Maize Herbicide) and Takai (Paddy insecticide) gaining strong
market traction. The successful scale-up of these recent launches reinforces the
innovation-led growth strategy and helped partially mitigate the impact of
adverse market conditions during the quarter.
▪ The significant reduction in volumes as stated above resulted in margin
contraction, with segment margin declining in Q1 FY27.
Astec LifeSciences
▪ Astec LifeSciences sustained its recovery momentum in Q1FY27, reporting
substantial improvement in EBITDA over Q1FY26, driven by margin expansion
across both Enterprise and CDMO categories. Building on the operational
turnaround achieved in FY26, the business performance reflects the success of
turnaround initiatives taken and positions the business for sustained
profitability and growth.
▪ There was a marginal de-growth in revenue primarily due to change in product
mix.
Dairy
▪ The Dairy business delivered healthy revenue growth in Q1FY27 compared to
Q1FY26, primarily driven by strong volume growth in value-added products,
reflecting sustained consumer demand and brand strength across key
categories. Salience of value-added products improved from 42% in Q1FY26 to
49% in Q1FY27.
▪ Q1 FY27 EBITDA was impacted by elevated milk procurement prices amid
industry-wide constraints in milk availability, together with war-led inflation in
certain other inputs. Management remains focused on calibrated pricing
actions, procurement efficiencies and cost optimization to mitigate these near-
term pressures.
Godrej Foods Limited (GFL)
▪ Branded volume salience grew ~ 6% YoY in Q1FY27, underscoring sustained
execution against the Company’s value-accretive branded growth strategy.
This helped to offset the impact of deliberate reduction in live bird volumes,
enabling Godrej Foods Ltd. (GFL) to deliver stable revenues while further
improving the quality of earnings.
▪ EBITDA margins in Q1FY27 moderated due to higher input costs and
inflationary pressure from geopolitical disruptions. While the company
implemented calibrated pricing actions, the increase in costs could only be
partially mitigated.
ACI Godrej Agrovet Private Limited, Bangladesh
▪ ACI GAVL demonstrated a strong comeback and has firmly returned to growth
trajectory, delivering robust topline growth in the quarter driven
predominantly by broad-based volume expansion across categories.
▪ PBT increased YoY by 12% driven by
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