Godrej Agrovet Ltd

Godrej Agrovet Q1 FY26: Revenue Up 11.2%, Margins Improve 📈 | Key Takeaways

- Consolidated revenue rose 11.2% YoY to ₹2,614 crore (vs ₹2,351 crore in Q1 FY25)

- EBITDA grew 19.6% YoY to ₹282 crore; margin expanded to 10.8% from 10.0%

- PBT up 24.9% YoY to ₹188 crore; PAT increased 13.0% to ₹149 crore

- Vegetable Oil business strong: 52% YoY growth in Fresh Fruit Bunch arrivals

- Animal Feed: 8% volume growth but flat revenue due to lower realizations; margins down ~0.3%

- Crop Protection revenue grew 5% YoY; new maize herbicide 'Ashitaka' launched in July 2025

- Astec LifeSciences: Revenue up 31% YoY, EBITDA losses reduced on lower costs & higher volumes

- Dairy business: Flat revenue; margins pressured by higher milk procurement costs

- Poultry & Processed Foods: Revenue declined on lower volumes, though branded margins improved

- Bangladesh operations (ACI Godrej Agrovet): Revenue fell 20% in local currency terms