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GODREJAGRO Diversified 23 Jan 2026

Godrej Agrovet Limited — Q3 FY26

Godrej Agrovet delivered a strong Q3 FY26 with consolidated revenues growing 11% YoY and profit before tax up 23% YoY (before exceptional items).

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Revenue ₹2,718 Cr +11%
EBITDA
PAT ₹110 Cr
EBITDA Margin
Duration 62 min
Read Time 1 min read

✓ Verified against BSE filing

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Godrej Agrovet delivered a strong Q3 FY26 with consolidated revenues growing 11% YoY and profit before tax up 23% YoY (before exceptional items). The performance was driven by margin expansion, operational efficiencies, and robust contributions from vegetable oil, animal feed, poultry, and processed foods, alongside a sharp turnaround in Astec Life Sciences. Animal feed volumes grew 12% YoY, with cattle feed up 21%, while vegetable oil revenue rose 27% on higher fresh fruit bunch arrivals and record oil extraction ratio of 21%. Astec Life Sciences turned EBITDA positive at ₹5 crore, a sharp improvement from a loss last year. Management guided for continued momentum, with Astec targeting 15% revenue growth in FY27 and the crop protection business diversifying into new products. A strategic portfolio review is underway, with communication expected by early April. Key risks include unseasonal rains impacting crop protection and sustained milk procurement cost inflation in dairy.

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Unseasonal rains impacting crop protection

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Quarter Snapshot

Cattle Feed Volume Growth 21%
+21% YoY

Cattle feed volumes grew 21% YoY in Q3, contributing to overall animal feed volume growth of 12%.

Oil Extraction Ratio (OER) 21%
+30bps YoY

Record OER of 21% in Q3, up from 20.7% in Q3 last year, driven by operational efficiencies.

Astec EBITDA ₹5 Cr
Positive vs loss YoY

Astec Life Sciences turned EBITDA positive at ₹5 crore, a sharp improvement from a loss in Q3 FY25.

Branded Salience in Foods 81%
+4pp YoY

Branded salience in the foods business rose to 81% from 77% last year, driven by focus on value-added products.

Fast read

Guidance and risk preview

Top guidance Astec Life Sciences: FY27 revenue growth target of 15%

Management targets 15% revenue growth for Astec in FY27, led by CDMO segment growing faster than enterprise.

Top risk Unseasonal rains impacting crop protection

Unseasonal rains and cyclones in Q3 affected crop protection volumes, and a base effect from co-marketing herbicide sales will impact Q4.

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