Godrej Agrovet Q3FY26: EBITDA Grows to ₹2.42B, Margin Compresses to 8.9%
Godrej Agrovet delivered mixed Q3FY26 results with EBITDA growing to ₹2.42 billion from ₹2.34 billion year-on-year, while EBITDA margin compressed to 8.9% from 9.54%. The company reported revenue growth to ₹2,718.32 crore and maintained stable net profit at ₹109.73 crore, with diversified segment performance across Animal Feed, Vegetable Oil, Crop Protection, and Dairy businesses.

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Godrej Agrovet announced its unaudited financial results for Q3FY26 ended December 31, 2025, delivering consolidated net profit of ₹109.73 crore and revenue from operations of ₹2,718.32 crore. The company reported EBITDA of ₹2.42 billion compared to ₹2.34 billion in the corresponding quarter last year, though EBITDA margin compressed to 8.9% from 9.54% year-on-year. The Board of Directors approved these results at their meeting held on February 3, 2026, pursuant to Regulations 30, 33 and 52(4) of SEBI Listing Regulations.
Financial Performance Overview
The company's Q3FY26 consolidated performance demonstrates steady growth in revenue while maintaining stable profitability. Total income reached ₹2,736.66 crore for the quarter, with total expenses managed at ₹2,567.33 crore, resulting in profit before tax of ₹146.47 crore.
| Financial Metric: | Q3FY26 (Consolidated) | Q3FY25 (Consolidated) | Performance |
|---|---|---|---|
| Revenue from Operations: | ₹2,718.32 crore | ₹2,449.63 crore | Growth |
| Total Income: | ₹2,736.66 crore | ₹2,458.35 crore | Growth |
| EBITDA: | ₹2.42 billion | ₹2.34 billion | Growth |
| EBITDA Margin: | 8.9% | 9.54% | Decline |
| Net Profit: | ₹109.73 crore | ₹109.85 crore | Stable |
| Earnings per Share (Basic): | ₹5.97 | ₹5.80 | Growth |
Segment-wise Business Performance
The company's diversified business model showed varied performance across segments. Animal Feed business generated revenue of ₹1,298.39 crore, while Vegetable Oil segment contributed ₹626.91 crore. The Crop Protection business recorded ₹259.88 crore in revenue, with Dairy operations adding ₹379.83 crore to the overall performance.
| Business Segment: | Q3FY26 Revenue | Segment Result |
|---|---|---|
| Animal Feed: | ₹1,298.39 crore | ₹80.71 crore |
| Vegetable Oil: | ₹626.91 crore | ₹144.60 crore |
| Crop Protection: | ₹259.88 crore | ₹19.95 crore |
| Dairy: | ₹379.83 crore | ₹4.69 crore |
| Poultry & Processed Food: | ₹215.46 crore | ₹12.66 crore |
Nine Months Performance
For the nine months ended December 31, 2025, the company achieved consolidated revenue from operations of ₹7,900.03 crore compared to ₹7,249.13 crore in the corresponding period last year. Net profit for the nine-month period stood at ₹342.90 crore versus ₹337.27 crore in the previous year.
Operational Highlights and Regulatory Compliance
The company maintained strong operational metrics with a current ratio of 0.79 and debt equity ratio of 0.81. Net worth increased to ₹2,057.68 crore, reflecting the company's solid financial foundation. The results include exceptional items of ₹30.44 crore related to statutory impact of new Labour Codes, primarily arising from changes in wage definition affecting gratuity and leave encashment benefits. The financial results received unmodified opinion from statutory auditors BSR & Co. LLP.
Historical Stock Returns for Godrej Agrovet
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.04% | +6.89% | -4.46% | -32.64% | -28.01% | +3.48% |
































