By: ICN Bureau
Last updated : February 05, 2026 9:44 am
Consolidated net profit remained relatively flat at Rs. 109.9 crore
Godrej Agrovet reported 11% increase in its Q3 FY26 revenue at Rs. 2,718.32 crore YoY as compared to Rs. 2,450 crore during Q3 FY25. Despite this top-line growth, consolidated net profit remained relatively flat at Rs. 109.9 crore, largely due to a one-time exceptional expense of Rs. 30.44 crore related to new statutory labour codes.
During the quarter, EBITDA rose to Rs. 260 crore from Rs. 229 crore, showing an increase of 13.6% YoY. EBITDA Margin remained steady at 9.6%.
For the 9 months period ended December 31, 2025, Godrej Agrovet reported revenue at Rs. 7,900 crore as compared to Rs. 7,249 crore in Q3 FY25, reflecting a growth of 9%. PAT for the 9 months stood at Rs. 343 crore as compared to Rs. 337 crore with a growth of 1.7%.
Commenting on the performance, Sunil Kataria, Managing Director, Godrej Agrovet Limited, said: “Q3 FY26 has been an exceptional quarter for Godrej Agrovet, with robust double digit revenue growth of 11% and strong profitability improvement of 23% year-on-year. This strong performance was driven by sustained margin expansion across most of our key businesses, supported by sharp operational execution and a continued focus on value creation. All key businesses, particularly Vegetable Oil, Animal Feed and Poultry delivered solid improvements.
Vegetable oil continued to report stellar growth of 25% in profitability on the back of improvement in key operational parameters (Fresh Fruit Bunch (FFB) growth ~ 16% y-o-y; Oil Extraction Ratio (OER) improvement by ~ 30 bps) & higher Palm Kernel Oil (PKO) realizations.
Animal feed reported another quarter of sustained volume growth led by 21% y-o-y growth in Cattle feed. Our Poultry business registered good EBITDA growth of 51% y-o-y, supported by the rising contribution of our branded portfolio. Astec also demonstrated a strong turnaround, reducing losses sharply and returning to positive EBITDA on the back of higher volumes and improved enterprise margins.
Standalone Crop Protection business reported flat segment margins as it faced temporary weather-related headwinds. The Dairy business was adversely impacted by higher milk procurement costs and shortfall in revenue.”