Godrej Agrovet Limited — Updates, 31-01-2025: Press Release

Godrej Agrovet Limited has reported a solid performance for the quarter and nine-month period ending December 31, 2024.

**Financial Highlights:** For the nine-month period, revenues reached ₹7,249 Cr, a modest year-on-year decline of 2.4%, yet EBITDA grew 15.7% to ₹685 Cr, highlighting improved profitability driven by enhanced margins across various segments. In Q3, revenues climbed to ₹2,450 Cr, reflecting a 4.5% increase, while EBITDA surged 34% year-on-year to ₹229 Cr, underpinned by strong growth in profitability.

**Strategic Initiatives and Growth Drivers:** The company’s vegetable oil business delivered robust results, propelled by higher realizations and improved oil extraction ratios. The animal feed segment also saw significant margin improvements due to favorable commodity prices, with a 10% sequential volume growth.

**Business Developments:** Despite challenges in the domestic crop protection business due to weather impacts, the performance in the poultry and animal feed sectors remained strong, pointing towards resilience in key markets.

**Market Position and Competitive Advantage:** Continuous innovation and a commitment to improving productivity positions Godrej Agrovet favorably against competitors in the agri-business sector.

**Investor Implications:** The positive trends in profitability and market positioning suggest a favorable outlook for investors, with strong potential for growth moving forward. The company’s diversified operations across key agricultural sectors provide a solid foundation for future performance.