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Godrej Agrovet Reports ₹445 Cr Profit for FY26, Recommends 110% Dividend
Godrej Agrovet Ltd. announced its audited financial results for the fiscal year ended March 31, 2026, reporting consolidated revenue of ₹10,338.52 crore and a profit of ₹445.18 crore. The company's Board of Directors recommended a final dividend of 110%, equating to ₹11.00 per share, signaling a strong commitment to shareholder returns.
The company also approved the allotment of 30,973 equity shares under its Employees Stock Grant Scheme (ESGS 2018), realizing ₹3,09,730 (₹0.03 crore). Additionally, 50,507 stock options were granted to employees, while 7,518 lapsed. These actions support employee compensation and retention, resulting in a minor increase in paid-up equity capital.
Company Background
Godrej Agrovet operates as a diversified Indian agribusiness company with interests in animal feed, crop protection, dairy, and poultry. It is currently working to acquire the remaining 22.26% stake in Creamline Dairy Products Limited (CDPL) for approximately ₹210 crore, a move aimed at consolidating its dairy operations. The acquisition is expected to be completed in the first quarter of fiscal year 2027. The company has a consistent history of dividend payments, with payouts increasing in recent fiscal years.
Investor Watchlist
Key upcoming events for investors include the 35th Annual General Meeting on August 5, 2026, where shareholder approval for the proposed 110% final dividend will be sought. The progress and completion of the Creamline Dairy Products Limited acquisition will also be a significant focus. Investors will track future financial performance updates across the company's key business segments. The impact of the recent stock option grants on employee morale and potential future equity dilution will also be observed.
Peer Landscape
In the dairy sector, Godrej Agrovet's peers include companies like Heritage Foods and Hatsun Agro Product. In crop protection, comparable companies are PI Industries and UPL.