Diversified food and agri-business conglomerate Godrej Agrovet reported mixed financial results for Q3 FY26. According to reports from CNBC TV18, the company achieved a net profit of ₹109.9 crore, remaining flat compared with the year-ago period. Revenue demonstrated strong growth, increasing 11% to ₹2,718 crore from ₹2,449 crore in the corresponding quarter last year.
The company's profitability indicators showed steady performance despite the flat profit growth. As reported by CNBC TV18, EBITDA increased 10% to ₹241.9 crore from ₹219.7 crore in the previous year. The EBITDA margin remained steady at 8.9% compared with the same period last year, indicating consistent operational efficiency despite revenue growth challenges.
A significant one-time expense impacted the quarter's results due to regulatory changes. According to CNBC TV18, on November 21, 2025, India introduced four new Labour Codes replacing 29 old laws. The company recorded a one-time expense of ₹20.46 crore (standalone) and ₹30.44 crore (consolidated) due to changes in gratuity and leave benefits. More impacts are expected to be reported after government rules are finalised.
Despite the mixed quarterly results, Godrej Agrovet shares faced selling pressure in the market. As reported by CNBC TV18, shares of Godrej Agrovet Ltd closed at ₹550.40, down ₹3.70 or 0.67% on February 3, on the NSE, reflecting investor concerns about the one-time labour code costs and their potential impact on future quarters.
