Godrej Agrovet Limited (GAVL) is a diversified agri-business company that produces and markets various products and services for the agriculture sector, which includes animal feed, crop protection, and palm oil. The company also operates in other segments like poultry, processed foods, dairy, and aquaculture, and aims to increase farm productivity in India.
The company released its financial results for the second quarter ending on September 30, 2025. It reported a 12% YoY decline in its consolidated net profit for Q2 FY26. The company’s Profit After Tax (PAT) is at ₹84.34 crores, which is down from ₹95.79 crores recorded in the same period last year.
Despite the dip in profits, the consolidated revenue grew to ₹2,567 crores from ₹2,449 crores in the previous year. GAVL reported an increase of 5.5% in their total expenses, which reached ₹2,450.62 crores.
Which segment contributed the most?
The Vegetable Oil segment performed the best, posting a significant improvement in revenue and profitability. This growth was due to strong prices for crude palm oil and operational efficiencies, which is a record-high Oil Extraction Ratio (OER) for the quarter.
The Animal Feed segment also showed a strong performance, with the business achieving its record quarterly volumes. The category of cattle feed was up by 18% YoY and helped in keeping the growth momentum of the segment going with improved margins.
The Astec-LifeSciences category grew by 15% YoY, driven by strong demand and execution. However, the overall revenue for the segment declined by approximately 25% YoY. The EBITDA margin saw a significant improvement both year-over-year and sequentially.
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The Poultry and Processed Foods business observed a steady margin expansion. This was driven by its branded portfolio, where the “Yummiez” brand delivered a strong revenue growth of 19% during this period. The healthy revenue growth of 8% (excluding bulk sales) in the company's dairy segment was powered by a growing consumer preference for value-added products.
Mr. Sunil Kataria, Managing Director, Godrej Agrovet Limited, said in the press release, "Godrej Agrovet delivered volume-led revenue growth across most segments, with strong margin improvements, despite softness in the Standalone Crop Protection segment. The Animal Feed business sustained its growth momentum while enhancing segment margins."
Mr. Kataria continued, "The Vegetable Oil segment reported stellar improvement in revenue and profitability, driven by higher realizations and operational efficiencies, including record Oil Extraction Ratio (OER) and increased FFB arrivals. Astec significantly reduced losses both sequentially and year-on-year, supported by higher volumes and stronger margins in the enterprise category. The Dairy business continued its upward trajectory, with healthy revenue growth (excluding bulk sales) and resilient margins despite higher milk procurement costs and increased investments in advertising and marketing. Our Poultry and Processed Foods business recorded robust margin expansion, led by strong growth in the branded category and a 19% increase in Yummiez revenue, reinforcing our strategic focus on value-added products."
