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GODREJAGROVET Diversified 15 May 2026

Godrej Agrovet Ltd — Q4 FY26

Godrej Agrovet delivered a strong Q4 FY26 with consolidated revenue of ₹2,333 crore (+9% YoY) and PBT growth of 16.8% to ₹87 crore.

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Revenue ₹2,333 Cr +9%
EBITDA
PAT ₹102 Cr
EBITDA Margin
Duration 65 min
Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

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Godrej Agrovet delivered a strong Q4 FY26 with consolidated revenue of ₹2,333 crore (+9% YoY) and PBT growth of 16.8% to ₹87 crore. Full-year revenue crossed ₹10,000 crore milestone at ₹10,233 crore (+9% YoY), with PBT up 17.2% to ₹569 crore. Performance was driven by volume-led growth in animal nutrition (cattle feed volumes +24%), record oil palm area expansion and extraction ratio improvement, and Aztec Life Sciences turning EBITDA positive. Management guided for early double-digit revenue growth and mid-teens PBT growth in FY27, with capex of ~₹350-400 crore and free cash flow of ₹100-125 crore. Key risks include potential El Niño impact on monsoons and Iran war uncertainty affecting palm oil prices and crop protection demand.

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Quarter Snapshot

Cattle feed volume growth 24%
+24% YoY

Cattle feed volumes increased sharply by 24% in Q4, significantly ahead of industry growth.

Oil extraction ratio (Q4) 20.77%
+101 bps YoY

Oil extraction ratio improved to 20.77% in Q4 from 19.76% last year, indicating better productivity.

Aztec CDMO revenue share 52%
flat YoY

CDMO contributed 52% of Aztec revenue in FY26; enterprise 48%. Mix expected similar for next two years.

Branded revenue salience (Godrej Foods) 80%+
+2pp YoY

Branded revenue salience remained above 80% in FY26, up from 78% last year, driven by strategic shift.

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Guidance and risk preview

Top guidance Early double-digit revenue growth in FY27

Management targets early double-digit consolidated revenue growth for FY27, driven by volume growth across segments.

Top risk El Niño impact on monsoons

Below-normal monsoon predictions could affect crop protection and animal feed demand, though management believes impact may be mitigated by geograp...

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