Consolidated Financial Performance - Q1 FY27

Revenue Performance:

  • Sales: ₹2,852 Crore (Q1 FY27) vs ₹2,603 Crore (Q1 FY26), representing 10% year-on-year growth
  • Both reported and adjusted figures show identical revenue numbers

Profitability Metrics:

  • EBITDA (reported): ₹255 Crore vs ₹282 Crore (Q1 FY26), decline of 9%
  • EBITDA (excluding non-recurring items): ₹259 Crore vs ₹282 Crore (Q1 FY26), decline of 8%
  • EBITDA Margin (reported): 8.9% vs 10.8% (Q1 FY26)
  • EBITDA Margin (adjusted): 9.1% vs 10.8% (Q1 FY26)
  • Profit Before Tax (reported): ₹168 Crore vs ₹188 Crore (Q1 FY26), decline of 10%
  • Profit Before Tax (adjusted): ₹172 Crore vs ₹188 Crore (Q1 FY26), decline of 8%
  • PBT Margin (reported): 5.9% vs 7.2% (Q1 FY26)
  • PBT Margin (adjusted): 6.0% vs 7.2% (Q1 FY26)
  • Profit After Tax (reported): ₹128 Crore vs ₹149 Crore (Q1 FY26), decline of 14%
  • Profit After Tax (adjusted): ₹126 Crore vs ₹149 Crore (Q1 FY26), decline of 15%
  • PAT Margin (reported): 4.5% vs 5.7% (Q1 FY26)
  • PAT Margin (adjusted): 4.4% vs 5.7% (Q1 FY26)

Non-Recurring Items

  • Employee separation costs provision: ₹4 Crore impact on EBITDA and PBT, ₹3 Crore impact on PAT
  • Remeasurement of Deferred Tax: ₹5 Crore impact on PAT

Segment-Wise Performance Update

Animal Nutrition Business:

  • Sales Volume: 402,257 tons vs 375,139 tons (Q1 FY26), growth of 7.2%
  • Segment Revenue: ₹1,302 Crore vs ₹1,156 Crore (Q1 FY26), growth of 12.6%
  • Reported Segment Result: ₹84 Crore vs ₹65 Crore (Q1 FY26), growth of 29.7%
  • Reported Segment Margin: 6.4% vs 5.6% (Q1 FY26)
  • Underlying Segment Result (excluding supplier financing impact): ₹102 Crore vs ₹75 Crore (Q1 FY26), growth of 35.8%
  • Underlying Segment Margin: 7.8% vs 6.5% (Q1 FY26)
  • Cattle feed volumes grew approximately 15% YoY

Oil Palm Business:

  • CPO Realizations: ₹134,783 per MT vs ₹114,079 per MT (Q1 FY26), growth of 18.1%
  • PKO Realizations: ₹251,789 per MT vs ₹210,698 per MT (Q1 FY26), growth of 19.5%
  • Segment Revenue (excluding trading): ₹591 Crore vs ₹458 Crore (Q1 FY26), growth of 28.9%
  • Trading Revenue: ₹29 Crore in Q1 FY27 vs ₹41 Crore in Q1 FY26
  • Segment Result (excluding trading margin): ₹99 Crore vs ₹87 Crore (Q1 FY26), growth of 14.4%
  • Trading Margin: ₹0.7 Crore in Q1 FY27 vs ₹0.3 Crore in Q1 FY26
  • Segment Margin: 16.7% vs 18.9% (Q1 FY26)
  • Oil Extraction Ratio improved by 43 basis points
  • Volume growth: +9% YoY

Crop Care Business:

  • Segment Revenue: ₹271 Crore vs ₹328 Crore (Q1 FY26), decline of 17.2%
  • Segment Result: ₹86 Crore vs ₹138 Crore (Q1 FY26), decline of 37.6%
  • Segment Margin: 31.7% vs 42.2% (Q1 FY26)
  • Performance impacted by significantly delayed monsoon affecting volumes of key products

Astec LifeSciences:

  • Revenues: ₹83 Crore vs ₹91 Crore (Q1 FY26), decline of 9.2%
  • EBITDA: Break-even continued vs negative ₹11 Crore (Q1 FY26)
  • EBITDA Margin: Not meaningful vs -12.1% (Q1 FY26)
  • Showed sharp reduction in losses year-on-year

Creamline Dairy:

  • Revenues: ₹465 Crore vs ₹417 Crore (Q1 FY26), growth of 11.4%
  • Volume growth: +8% YoY
  • EBITDA: ₹7 Crore vs ₹15 Crore (Q1 FY26), decline of 52.7%
  • EBITDA Margin: 1.5% vs 3.5% (Q1 FY26)
  • Value-added products salience improved from 42% to 49%

Godrej Foods:

  • Revenues: ₹188 Crore vs ₹187 Crore (Q1 FY26), growth of 0.7%
  • EBITDA: ₹5 Crore vs ₹9 Crore (Q1 FY26), decline of 45.6%
  • EBITDA Margin: 2.6% vs 4.9% (Q1 FY26)
  • Yummiez volume growth: 22%
  • Branded salience: >80%
  • Branded volume salience grew ~6% YoY

Joint Venture - ACI Godrej Agrovet (Bangladesh):

  • Sales Volume: 109,191 tons vs 95,340 tons (Q1 FY26), growth of 14.5%
  • Revenue (BDT): 572 Crore vs 503 Crore (Q1 FY26), growth of 13.8%
  • PBT (BDT): 47 Crore vs 42 Crore (Q1 FY26), growth of 12.2%
  • PBT Margin: 8.2% vs 8.3% (Q1 FY26)
  • PAT (BDT): 33 Crore vs 35 Crore (Q1 FY26), decline of 5.6%
  • Tax rate increased from 15% to 27.5% effective July 1, 2025

Strategic Updates

Portfolio Streamlining:

  • Businesses identified for strategic review (e.g., Shrimp Feed)
  • Select plants evaluated for closure
  • Unprofitable/sub-scale sub-segments identified for exit
  • Live Bird Trading will be closed

Capital Allocation:

  • Capex to continue at ₹300-350 Crore per year, funded through internal accruals
  • Majority of growth capex allocated towards high-margin, high ROCE businesses
  • Sharp focus on managing Net Working Capital to improve ROCE

New Product Development Updates:

  • Crop Care: Ashitaka (Maize herbicide) volumes scaled ~3x in Q1 FY27 to 30 kL
  • Crop Care: Takai (Insecticide) expanded to five additional crops with 13 kL sales in Q1 FY27
  • Crop Care: Ghassnash (Soybean herbicide) launched in May 2026 with 26 kL Q1 sales
  • Godrej Foods: ~20% of B2C revenue from new product developments across frozen chicken, momos, and nuggets
  • Creamline Dairy: ₹20 Badam Flavoured Milk reached 24.5K outlets with 42% repeat rate
  • Creamline Dairy: 30g protein paneer at ₹99 achieved 200% of planned revenue in Q1

ESG Initiatives

  • Solar rooftops installed at 20+ manufacturing sites with cumulative generation of ~3,500 MWh in Q1 FY27
  • Vegetable Oil business renewable energy portfolio >99% of total energy usage
  • Water positive company: 7.3 million m³ water sequestered against consumption of 0.52 million m³
  • Over 6,000 Ha area covered under watersheds
  • 9.3% Scope 1 & 2 GHG emission reduction
  • First Agri company in India with approved science-based emission reduction target aligned to WB2DS
  • Target: 37.5% scope 1+2 GHG emission reduction by FY35 from FY20 baseline