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Earnings Call Transcript

Godrej Agrovet Earnings Call Transcript: Key Takeaways

Godrej Agrovet delivered 10% revenue growth in Q1 FY27, driven by strong animal nutrition and oil palm segments. However, a dry June delayed Kharif sowing, hurting domestic crop protection volumes and profitability.

Guidance and delivery
Revenue guidance 20.0% → 20.0% Kept
Management target Revenue 15.0% FY27
Highlights
Revenue growthConsolidated sales grew 10% YoY to ₹2,852 crore.
MarginsOil palm margins up; dairy and poultry margins pressured by inputs.
Demand visibilityStrong animal nutrition demand; crop protection dependent on second-half monsoon recovery.
Management confidenceBalanced; optimistic on long-term structural shifts despite monsoon volatility.

Growth

Animal nutrition revenue grew 12.6% with cattle feed volumes up 15%. Oil palm revenue surged 28.9%.

Outlook

Management targets double-digit growth for FY27. Oil palm expansion aims to double area to 150k hectares.

Risks

Delayed monsoon significantly impacted domestic crop protection volumes and margins. Milk procurement price inflation persists.

Last quarter's promises, checked

Delivered

  • Guided double-digit revenue growth → delivered 10% (= BEAT)
  • Guided Animal Nutrition double-digit growth → delivered 12.6% (= BEAT)
  • Guided Oil Palm double-digit volume growth → delivered 28.9% revenue surge (= BEAT)

Partly delivered

  • Guided mid-teens PBT growth → delivered mixed margins due to monsoon (= PARTIAL)

Missed

  • Guided Crop Care recovery/strong growth → delivered volume/profit decline (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: GODREJAGRO. Summary written with AI assistance from the document.

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Godrej Agrovet Ltd: key numbers

Share price
₹657.80
Market cap
₹12,657 Cr
Revenue (annual)
₹10,233 Cr
Net profit (annual)
₹472.8 Cr
P/E (TTM)
28.3×Sector 29.0×
Promoter holding
67.74%+0.00% QoQ
FII holding
6.48%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Godrej Agrovet Debt & Borrowing: ₹50 Cr

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₹50.00 Cr
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Godrej Agrovet Debt & Borrowing: ₹75 Cr

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Value
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Godrej Agrovet Debt & Borrowing: ₹50 Cr

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Value
₹50.00 Cr