Godrej Agrovet (GODREJAGRO) Q4 24/25 earnings summary

Executive summary

• Achieved highest-ever standalone profitability in FY 2025, with consolidated EBITDA up 11.6% to ₹845 crore and PAT up 4.5% to ₹386 crore, excluding non-recurring items and Astec.

• FY25 consolidated revenues declined 1.9% year-over-year to ₹9,383 crore, while Q4 FY25 revenues were flat at ₹2,134 crore.

• Board approved audited results for FY25 with unmodified audit opinions; final dividend of Rs. 11 per share recommended.

• Recognized for sustainability achievements, including CII Climate Action Program award and leadership ratings in climate, forest, and water disclosures.

• 32,204 equity shares allotted under ESOP scheme; 34th AGM scheduled for August 6, 2025.

Financial highlights

• Consolidated EBITDA margin (excluding non-recurring items) improved by 110 bps year-over-year to 9.0%; PAT margin rose to 4.1%.

• Net profit after tax for FY25 was Rs. 403.37 crore, up from Rs. 359.45 crore in FY24; basic EPS at Rs. 22.35.

• Cash generated from operations for FY25 was Rs. 1,115.88 crore; net cash from operating activities at Rs. 969.34 crore.

• Operating margin for FY25 was 8.70%, up from 7.3% in FY24.

• Non-recurring items and Astec losses impacted reported results; adjusted figures show stronger profitability.

Outlook and guidance

• FY 2026 guidance targets 15%-18% top-line and 16%-18% bottom-line growth, mainly volume-driven.

• Crop protection, animal feed, and Astec LifeSciences expected to drive growth; Astec losses projected to reduce by more than half.

• Board expects to complete acquisition of remaining 48.06% stake in Creamline Dairy Products Limited by September 30, 2025.

• ESG and sustainability initiatives remain a strategic priority, with ambitious emission reduction and water positivity targets.

• Dairy segment targeting 10% volume growth and value-added products to exceed 40% of sales; EBITDA margin expected to rise to 6%-7%.