Godrej Agrovet reported INR2,567 crore in revenue for Q2 FY’26, a 5% year-over-year increase. Profit before tax for H1 FY’26 stood at INR313 crores, up 14% year-over-year. Animal Feed saw strong volume growth, particularly in cattle feed. Vegetable oil revenue increased by 41% year-over-year. Astec LifeSciences revenue declined by 25%, though EBITDA improved. The company is implementing cost-saving initiatives and investing in value-added businesses.
Financial Performance
Godrej Agrovet announced its earnings for Q2 FY’26, with revenue reaching INR2,567 crores, reflecting a 5% increase compared to the same quarter last year. The Profit Before Tax (PBT) remained relatively stable at INR125 crores.
For the first half of fiscal year 2026 (H1 FY’26), the company reported consolidated revenues of INR5,182 crores, marking an 8% year-on-year growth. The Profit Before Tax (PBT) for H1 FY’26 stood at INR313 crores, up by 14% compared to the previous year.
Segmental Performance
Animal Feed
The Animal Feed segment demonstrated robust volume growth, driven by an 18% year-over-year increase in cattle feed volume. Despite the strong volume performance, revenue remained flat due to decreased realizations resulting from softening commodity prices. Underlying margins in this segment improved by 70 basis points year-on-year.
Vegetable Oil
The Vegetable Oil segment displayed substantial growth, with revenue up by 41% year-on-year. This impressive performance was attributed to higher crude palm oil and palm kernel oil realizations, as well as an increased oil extraction ratio. Margins expanded to 22.4%.
Crop Protection
The Crop Protection segment experienced a sharp decline in revenue, falling by 30% year-on-year. Segment results also dropped significantly by 62%. Excessive rainfall and lower acreages negatively impacted the segment’s performance, compressing margins to 23.3% from 43.1%.
Astec LifeSciences
Astec LifeSciences reported a 25% year-on-year decrease in revenue due to cautious contract manufacturing demand. However, the enterprise category within Astec grew by 15% year-on-year, and EBITDA improved due to better volumes and margins.
Creamline Dairy
Creamline Dairy’s revenue and EBITDA remained broadly flat. Value-added products in this segment grew by 10%, increasing their salience to 36%. EBITDA margins remained resilient despite increased milk procurement and marketing expenses.
Godrej Foods
Godrej Foods Limited reported an EBITDA growth of 28% year-on-year, fueled by branded products. Overall revenue declined by 7% year-on-year because of weakness in the Live Bird segment. However, the branded salience rose to 86%.
Source: BSE
