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RESULTS PRESENTATION FIRST QUARTER , FINANCIAL YEAR 2027 1 I Godrej Agrovet GODREJ AGROVET Godrej
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2 I Godrej Agrovet DISCLAIMER This communication is provided for information purposes only and does not constitute (and should not be construed as) an offer, invitation or solicitation to buy or sell any securities or other financial instruments, or any investment advice. Recipients should make their own independent assessment and consult appropriate professional advisers. The information and opinions contained herein are stated as of the date of this communication and are subject to change without notice; while reasonable care has been taken in its preparation, the Company makes no representation or warranty, express or implied, as to the accuracy, completeness or fairness of such information (including any third-party/industry data) and, to the fullest extent permitted by law, disclaims any liability for any loss arising from the use of this communication or its contents. Certain statements herein may constitute “forward-looking statements” under applicable laws and regulations, based on current expectations, assumptions and information available to the Company, and involve risks and uncertainties that could cause actual results to differ materially, including changes in economic and market conditions, competitive dynamics, laws, regulations, taxes and their interpretation, foreign exchange and interest rate movements, demand and supply conditions, operational or supply-chain disruptions, labour matters, litigation or regulatory proceedings, and the timing or impact of corporate actions. Forward-looking statements speak only as of the date hereof and undue reliance should not be placed on them; except as required by law, the Company undertakes no obligation to update or revise them. This communication should be read together with the Company’s disclosures and filings made from time to time in accordance with applicable legal and regulatory requirements; where alternative performance measures are included, they are presented for supplemental purposes, may not be comparable across companies, and should not be viewed as a substitute for financial information prepared in accordance with applicable accounting standards.
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3 I Godrej Agrovet GAVL Strategy Curtain Raiser Macro overview of our refreshed direction
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Recognizing the strengths & Reimagining the future While our core is strong… Deep understanding of Agri sector Pan-India manufacturing and farmer footprint Procurement and sourcing edge Increasing value-added portfolio State-of-the-art R&D capabilities 4 Entrepreneurial and resilient 1 2 3 4 5 6 … we need a structural reset focused on value creation Streamlining a complex portfolio Building “Multiple pillars of growth” (MPOG) in each business Building future-ready market-facing capabilities Shifting away from commodity mindset Fostering a high-performance, results-oriented culture 1 2 3 4 5
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OUR PURPOSE Crafting abundance through innovation that empowers farmers and nourishes our nation.
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Crafting abundance will need a shift from commodity led thinking to customer facing approach 6 Animal Nutrition Business, ACI Godrej Feed business, with commodity buying and R&D as strengths Nutrition mindset, with innovation, technical service, marketing and sourcing as moats Crop Care Business Product chemistry and patent focus Crop-care proposition with product innovation, distribution and branding as moats Oil Palm Business Volume led upstream player & bulk refiner Differentiated, value added products player Astec Enterprise product catalogue led approach Specialized, service-led CDMO player, along with premium enterprise offerings GFL Processed poultry player Protein forward foods company with strong consumer brands CDPL Milk-dominated business model Value-added dairy business with distribution excellence and brands From To
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Focused businesses, Selective capital allocation for superior value creation 7 Prioritize businesses • Double-down on growth / invest: Cattle Feed, OPB, CCB, GFL Branded • Reboot / Transform: CDPL, ACI Godrej, Astec • Reduce revenue / restrict capex: RGC B2B, Broiler Feed • Remaining segments within businesses: Grow with market / manage for cash Streamline the portfolio Allocate capital to portfolio priorities • Businesses have been identified for strategic review (e.g., Shrimp Feed) • Select plants have been evaluated for closure • Unprofitable / sub-scale sub-segments have been identified for exit • Live Bird Trading will be closed • Capex to continue @ 300 – 350 Cr / year, funded through internal accruals • A majority of growth capex allocated towards high-margin, high ROCE businesses with focus on long-term value creation • Sharp focus on managing Net Working Capital to ensure significant improvement in ROCE OPB = Oil Palm business, CCB = Crop Care business, GFL = Godrej Foods Ltd., CDPL = Creamline Dairy, RGC = Real Good Chicken
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8 I Godrej Agrovet Q1FY27 Performance Update
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9 I Godrej Agrovet Resilient topline performance amid transient cost and weather headwinds Oil Palm Business +14%EBIT growth OER# growth 43 bps Animal Nutrition - India Cattle feed volume growth +15% EBIT growth +30% Godrej Foods Yummiez volume growth 22% Branded salience >80% Astec Sharp reduction in losses y-o-y EBITDA Break-even continued Crop Care Creamline Dairy Significantly delayed monsoon impacted volumes of key products resulting in de-growth in revenue (~17%) and margins (~38%) # OER: Oil Extraction Ratio 10 Volume growth +15% Volume growth +9% Animal Nutrition - Bangladesh PBT* growth +12% * In local currency terms Revenue growth +11% Volume growth +8%
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10 I Godrej Agrovet CONSOLIDATED FINANCIALS – Q1 FY27 Please refer to annexure for details of non-recurring items ₹ Crore Excluding non-recurring & exceptional items As reported Q1FY27 Q1FY26 Y-o-Y Change Q1FY27 Q1FY26 Y-o-Y Change Sales 2,852 2,603 10% 2,852 2,603 10% Earnings before interest, tax and Depreciation (EBITDA) 259 282 -8% 255 282 -9% EBITDA Margin (%) 9.1% 10.8% 8.9% 10.8% Profit before Tax & Share of Profit of joint venture 172 188 -8% 169 188 -10% PBT Margin (%) 6.0% 7.2% 5.9% 7.2% Profit after tax (PAT) 126 149 -15% 128 149 -14% PAT Margin (%) 4.4% 5.7% 4.5% 5.7%
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11 I Godrej Agrovet Segment Wise Performance Update
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12 I Godrej Agrovet ANIMAL NUTRITION Leading compound animal nutrition play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in India ▪ 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. Particulars Q1 FY27 Q1 FY26 Y-o-Y Change Sales Volume (tons) 402,257 375,139 7.2% Segment Revenue (Cr) 1,302 1,156 12.6% Reported Segment Result (Cr) 84 65 29.7% Reported Segment Margin (%) 6.4% 5.6% Underlying Segment Result (Cr) 102# 75 35.8% Underlying Segment Margin (%) 7.8% 6.5% #Underlying segment results exclude the impact of supplier financing on input costs
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13 I Godrej Agrovet OIL PALM Largest domestic producer of Crude Palm oil (CPO) and Palm Kernel Oil(PKO) Particulars Q1 FY27 Q1 FY26 Y-o-Y Change CPO Realisations (₹ per MT) 134,783 114,079 18.1% PKO Realisations (₹ per MT) 251,789 210,698 19.5% Segment Revenue* (₹ Cr) 591 458 28.9% Segment Result# (₹ Cr) 99 87 14.4% Segment Margin (%) 16.7% 18.9% * Excluding trading revenues of ₹ 29 Cr in Q1 FY27 & ₹ 41 Cr in Q1 FY26; # excluding trading margin of ₹ 0.7 Cr in Q1FY27 & ₹ 0.3 Cr Q1FY26 ▪ 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.
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14 I Godrej Agrovet CROP CARE BUSINESS Crop care products catering to the entire crop lifecycles ▪ 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. Particulars Q1 FY27 Q1 FY26 Y-o-Y Change Segment Revenue (Cr) 271 328 -17.2% Segment Result (Cr) 86 138 -37.6% Segment Margin (%) 31.7% 42.2%
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15 I Godrej Agrovet ASTEC LIFESCIENCES Manufactures a wide range of agrochemical active ingredients ▪ 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. Particulars Q1 FY27 Q1 FY26 Y-o-Y Change Revenues (Cr) 83 91 -9.2% EBITDA (Cr) - -11 NM EBITDA Margin (%) NM -12.1%
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16 I Godrej Agrovet CREAMLINE DAIRY Private dairy player in Southern India with a wide range of product portfolio ▪ 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. Particulars Q1 FY27 Q1 FY26 Y-o-Y Change Revenues (Cr) 465 417 11.4% EBITDA* (Cr) 7 15 -52.7% EBITDA Margin (%) 1.5% 3.5%
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17 I Godrej Agrovet GODREJ FOODS ▪ 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. Particulars Q1 FY27 Q1 FY26 Y-o-Y Change Revenues (Cr) 188 187 0.7% EBITDA* (Cr) 5 9 -45.6% EBITDA Margin (%) 2.6% 4.9%
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18 I Godrej Agrovet JOINT VENTURE – ACI GODREJ AGROVET Leading compound animal nutrition play across Cattle (Milk), Broiler, Layer, Fish and Shrimp feed in 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 operational leverage and volume growth. Profit after tax declined YoY primarily due to the impact of higher effective tax rate following the change in the applicable tax rate from 15% to 27.5% with effect from July 1, 2025. The impact is primarily tax-related and does not reflect any deterioration in the operating performance of the business. Particulars Q1 FY27 Q1 FY26 Y-o-Y Change Sales Volume (tons) 109,191 95,340 14.5% Revenue (BDT Cr) 572 503 13.8% PBT (BDT Cr) 47 42 12.2% PBT (%) 8.2% 8.3% PAT (BDT Cr) 33 35 -5.6%
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19 I Godrej Agrovet NET WORKING CAPITAL EFFICIENCY IMPROVED SHARPLY, DRIVING HEALTHY ROCE 54 31 21 Q1FY25 Q1FY26 Q1FY27 Average NWC (No. of days) 1383 878 665 Q1FY25 Q1FY26 Q1FY27 Average NWC (Rs. crore) NWC = Net Working Capital (Current Assets - Current Liabilities excluding Current Borrowings and Current Lease Liabilities)
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20 I Godrej Agrovet Successful scale up of recent launches - An Update
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21 I Godrej Agrovet Soybean herbicide entry o Ghassnash launched in May 2026; 26 KL Q1 sales, with further ramp-up planned in Q2 CROP CARE BUSINESS: DIVERSIFICATION GAINING MOMENTUM 21 Ashitaka (Maize herbicide) volumes scale ~3x in Q1 FY27 o Q1 FY27 volume reached 30 kL. o New commercialization team setup for launching such patented solutions Takai (Insecticide) broadens beyond paddy: Label claims approved for five additional crops; 13 kL sales in Q1 FY27 -> Scale up starting
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22 I Godrej Agrovet ~20% of GFL B2C revenue in Q1FY27 is from NPDs across three core categories o Frozen chicken: Accelerating category creation from unorganized to branded through better availability, fill rates and supply planning; Qcom market share increased significantly versus Q1FY26. o Momos: Driving category creation by entering the largely unorganized street-food segment; Qcom market share improved for Chicken & Chicken Cheese momos, with further scale expected from the new automated momo line commissioned in July’26. o Nuggets: Qcom market share nearly doubled to 9% vs. 5% in Q4FY26, while ~32% GT repeat rate underscored sustained consumer traction for ‘Hot & Crispy Chicken Bites’ GODREJ FOODS: NPD ROLLOUT INTO NEW SEGMENTS SCALING WELL 22ROAS - Return on Ad Spend
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23 I Godrej Agrovet CDPL: DEMOCRATIZATION IN VALUE-ADDED PRODUCTS IS GAINING TRACTION 23 • ₹20 Badam Flavoured Milk: Reached 24.5K outlets with 42% repeat rate; reached 82 lakh people with TV advertisement in key markets • 30g protein paneer at ₹99: Launched as a Q-comm first product; Achieved 200% of planned revenue in Q1 with ~20% repeat rate with Qcom led on-app demand generation activities carried out across platforms
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24 I Godrej Agrovet ESG Update
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25 I Godrej Agrovet ✓ Installed Solar rooftops at 20+ manufacturing sites - Cumulative generation of ~3,500 MWh in Q1FY’27 ✓ Vegetable Oil business’ renewable energy portfolio >99% of total energy usage - Fruit bunches residue as a boiler fuel OUR ESG INITIATIVES CONTINUED TO GENERATE MEANINGFUL IMPACT 78.8% GAVL’s Renewable energy portfolio^ 14x Water conservation^ ✓ A water positive company; 7.3 million m3 water sequestered against a consumption of 0.52 million m3# ✓ Over 6,000 Ha area (~25 village) covered under watersheds ✓ 2nd consecutive year leadership rating for climate & forest disclosure ✓ Placing our Agrochemical business among top 5% global companies * The scores are in the range of A to D- with A being the best | # water sequestration based on estimates provided by partners | ^nos. non-audited. assurance study in progress “A-” Leadership band in CDP Climate & Forest (Palm)* “Gold” EcoVadis Rating ✓ 1st Agri company in India to have approved science-based emission reduction target aligned to WB2DS ✓ 37.5% scope 1+2 GHG emission reduction by FY’35 from baseline year of FY’20 -9.3% Scope 1 & 2 GHG emission reduction^
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26 I Godrej Agrovet AMBITIOUS GLOBAL COMMITMENTS & AFFILIATIONS ▪ Member of the World Business Council for Sustainable Development ▪ Signatories to the Vision 2050 ambition roadmap ▪ Members of the Climate imperative pathway ▪ Global rating & disclosure platform for ESG – Data accessible to external stakeholders ▪ Participated in the CDP carbon, water and forests disclosure ▪ Signatories to the global EP100 framework created by the Climate Group, committed to doubling our energy productivity by 2030 ▪ Committed to the global Science Based Targets initiative (SBTi) to reduce our emissions in line with the global 1.50 and 20 reduction targets - one of the first companies in the Agri sector to do so in India ▪ Signatories and members of WWF action groups like REDE (to drive RE adoption) and I-SPOC (India Sustainable Palm Oil Coalition) ▪ Members of the Resilient Dairy Alliance (RDA) created by Food and Agriculture Centre of Excellence (CII- FACE) and Environmental Defence Fund (EDF) to solve for cattle emissions in India
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27 I Godrej Agrovet ANNEXURES
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28 I Godrej Agrovet NON-RECURRING ITEMS Consolidated (₹ Crore) EBITDA PBT PAT Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 REPORTED 255 282 168 188 128 149 Employee separation costs provision 4 - 4 - 3 - Remeasurement of Deferred Tax - - - - -5 - BEFORE NON-RECURRING ITEMS 259 282 172 188 126 149
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29 I Godrej Agrovet SHAREHOLDING PATTERN AS OF JUNE 30, 2026 Major Investors ➢ Temasek ➢ Vanguard ➢ LIC of India ➢ Nippon Mutual Fund ➢ FSSA Investment Managers ➢ Franklin India Mutual Fund ➢ UTI Mutual Fund ➢ Kotak Mutual Fund ➢ Tata Mutual Fund ➢ Motilal Oswal Mutual Fund ➢ Franklin Templeton Investments FII, 6.5% DII, 6.9% Others, 18.9% Promoters, 67.7%
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30 I Godrej Agrovet CONTACT US Amit Pendse Email: amit.pendse@godrejagrovet.com gavlinvestors@godrejagrovet.com To know more, visit us at: www.godrejagrovet.com S Varadaraj Email: s.varadaraj@godrejagrovet.com gavlinvestors@godrejagrovet.com
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31 I Godrej Agrovet THANK YOU FOR YOUR TIME AND CONSIDERATION