The company posted a consolidated net profit of ₹128.3 crore for the quarter ended June 30, 2026, down 13.8% from ₹149 crore in the corresponding quarter last year. The decline in profit came despite growth in revenue, as operating earnings weakened during the period.
Revenue from operations increased 9.2% year-on-year to ₹2,855.2 crore from ₹2,614.3 crore a year earlier, indicating steady growth in the company’s business operations.
However, operating profitability came under pressure during the quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) declined 10.9% year-on-year to ₹240.1 crore from ₹269.6 crore in the year-ago period.
As a result, EBITDA margin contracted to 8.41% from 10.32% a year earlier. EBITDA margin measures how much operating profit a company generates from every rupee of revenue, and the decline indicates that costs increased faster than revenue during the quarter.
The quarterly performance highlights the challenge faced by the company in converting revenue growth into higher profitability. While the company reported higher sales compared with the previous year, weaker operating margins weighed on earnings at the bottom line.
Godrej Agrovet operates across multiple segments, including animal feed, crop protection, oil palm, dairy and poultry. Performance across these businesses is influenced by factors such as commodity prices, input costs, demand trends and market conditions.
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Management changes
Separately, the company’s board took note of the early superannuation of Chief Financial Officer and Head – Finance & Legal S. Varadaraj, who will step down from his position at the close of business on September 30, 2026, citing personal reasons.
The board approved the appointment of Ravishankar A. as Chief Financial Officer-Designate from September 21 to September 30. He will take over as Chief Financial Officer from October 1, 2026.
The company said the transition is part of its leadership continuity plan and will ensure a smooth handover of financial responsibilities.
Subsidiary updates
Godrej Agrovet also provided updates on its subsidiaries and investments during the quarter.
The company said its subsidiary Godrej Foods adopted the new tax regime during the period.
Meanwhile, Godrej Agrovet’s stake in Creamline Dairy Products increased to 99.78%, with the company in the process of acquiring the remaining 0.22% stake. Creamline Dairy Products operates in the dairy segment and markets products under the Jersey brand.
The company’s holding in Astec LifeSciences also increased to 67.03% following its participation in the subsidiary’s rights issue last year. Astec LifeSciences operates in the agrochemicals space, manufacturing crop protection products and intermediates.
Shares of Godrej Agrovet ended 0.5% higher at ₹566.05 on Wednesday, ahead of the June-quarter results announcement. The stock has declined more than 30% over the last one year.
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