Godrej Agrovet reports modest profit growth as crop protection offsets weak animal feed sales

Godrej Agrovet Limited GODREJAGRO.NS reported a nearly 3% rise in its quarterly consolidated net profit to 1.15 billion rupees on February 3, 2026. The company, which operates as the food and agriculture unit of Godrej Industries Limited GODREJIND.NS, saw its total revenue increase by 11% to 27.18 billion rupees during the period. This modest profit gain occurred as strong sales in specific business segments helped to balance out more sluggish growth elsewhere in the portfolio.

The quarterly performance was driven by significant expansion in the crop protection business (fertilizer and pesticides) and the palm oil business. Sales in the crop protection business (fertilizer and pesticides) grew by 34.4%, while the palm oil business recorded an increase of 28.53%. These robust gains were necessary to offset weak growth in the animal feed segment, which continues to represent nearly half of the total revenue for the India IN based firm.