Gokul Agro Resources Ltd. · NSE:GOKULAGRO
Gokul Agro Resources — Q2 FY27 / H1 FY27 Earnings Presentation
27 slides from Gokul Agro Resources's earnings presentation, Oct 29, 2026
Slide 1: Cover letter to stock exchanges
Ref: GARL/SEC/26-27/42 Date: October 29, 2026 To, To, BSE Limited National Stock Exchange of India Limited Department of Corporate Services, Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Mumbai–400 001 Bandra (E), Mumbai - 400 051 Sc
Slide 2: Investor Presentation Q2FY27 & H1FY27
Investor Presentation Q2FY27 & H1FY27 | 29 Oct 2026 www.gokulagro.com
Slide 3: Safe Harbour
Safe Harbour This presentation has been prepared by Gokul Agro Resources Limited solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctn
Slide 4: Table of content
Table of content Gokul Agro at a Glance What Sets Gokul Agro Apart • Building Scale through an Integrated Agri Ecosystem • Robust Financial Performance • Balanced Organic and Inorganic Investments Supporting Long-Term Growth • Extensive Market Reach • 4 decades of promoter experience exclusively in
Slide 5: India's leading, Fastest Growing Agro-based FMCG Powerhouse
India’s leading, Fastest Growing Agro-based FMCG Powerhouse • One of India’s prime manufacturer & processor of edible oils and allied products with widespread domestic and international presence. • 40+ years of promoter experience in the edible oil industry. • Diversified product portfolio comprisin
Slide 6: Multi-Year Growth Strategy Across Capacity, Logistics, Market Expansion and Value-Added Products
Multi-Year Growth Strategy Across Capacity, Logistics, Market Expansion and Value-Added Product Platforms FY14-16 FY17-19 FY20-21 FY22-24 FY25 FY26 Foundation & Infrastructure & Capacity Expansion National Expansion Transformational Market Expansion Listing Product & Sustainability & Scale-Up Growth
Slide 7: What Sets Gokul Agro Apart
What Sets Gokul Agro Apart 1 2 3 4 5 6 Robust Financial Building Scale Through Balanced Organic and Extensive Market Reach 4 decades of promoter Beneficiary of Structural Performance (H1FY27) an Integrated Agri Inorganic Investments experience exclusively in Industry Tailwinds Ecosystem Supporting L
Slide 8: Channel Categories
1. Building Scale through an Integrated Agri Ecosystem Channel Categories Scale anchored by Edible Oils | Margin expansion driven by Institutional, Export and B2C 5% 8% 8% 13% FY26 FY19 B2B Exports B2C H1FY27 FY19 B2B Exports B2C 79% 87% One of the largest Indian edible oil Export presence across 33
Slide 9: Diversified Product Portfolio
1. Building Scale through an Integrated Agri Ecosystem Diversified Product Portfolio Product Wise Revenue Bifurcation – 3Y CAGR Revenue 30% 1% 5% 7% 1% 4% 5% Edible Oils 4% Edible Oils Bio Deisel FY26 Castor Oil & Derivatives H1FY27 Castor Oil & Derivatives Specility Fats Specility Fats 90% Others 8
Slide 10: Building a Consumer Franchise | Accelerating B2C Transformation
1. Building Scale through an Integrated Agri Ecosystem Building a Consumer Franchise | Accelerating B2C Transformation B2C Strategy Key Competitive Enablers • Moving beyond bulk edible oils to branded packaged products • Branding expected to improve pricing power, customer retention and margin profi
Slide 11: Product basket
1. Building Scale through an Integrated Agri Ecosystem Product basket REFINED KACHI GHANI FILTERED REFINED REFINED REFINED REFINED RICE SOYABEAN OIL MUSTARD OIL GROUNDNUT OIL GROUNDNUT OIL COTTONSEED OIL SUNFLOWER OIL BRAN OIL REFINED REFINED VANASPATI VANASPATI PREMIUM PALMOLEIN OIL SUNFLOWER OIL 1
Slide 12: Q2FY27 & H1FY27 Financial Highlights (Consolidated)
2. Robust Financial Performance Q2FY27 & H1FY27 Financial Highlights (Consolidated) Revenue from Operations (₹ crore) EBITDA1 (₹ crore) & EBITDA Margin (%) +13% YoY +10% YoY +41% YoY +46% YoY • Revenue growth supported by higher 276 493 7,481 12,763 300 6.0% 500 6.0% 6,638 5,282 250 195 217 5.0% 450
Slide 13: Q2FY27 Business Updates
2. Robust Financial Performance Q2FY27 Business Updates 1. Market Expansion & Partnerships 3. Branding & Go-to-Market Initiatives • Made inroads into Jammu & Kashmir by appointing C&F depot and • Launched New Audio-Visual campaigns for Vitalife Sun, Soya and Mustard oils distributors • Increased pre
Slide 14: Q2FY27 & H1FY27 – Profit & Loss (Consolidated)
2. Robust Financial Performance Q2FY27 & H1FY27 – Profit & Loss (Consolidated) Particulars (₹ Crore) Q2FY27 Q2FY26 YoY (%) Q1FY27 QoQ (%) H1FY27 H1FY26 YoY (%) Revenue from Operation 7,481.02 6,638.19 13% 5,281.95 42% 12,762.97 11,562.54 10% Total Income 7,492.24 6,647.43 13% 5,295.01 41% 12,787.24
Slide 15: Delivering Consistent Growth; Expanding Profitability
2. Robust Financial Performance Delivering Consistent Growth; Expanding Profitability 5Y C A G R : Revenue 23%, EBITDA 35%, PAT 54% Revenue from Operations (₹. Cr) EBITDA1 (₹ Cr) and EBITDA (%) 24,077 716 562 19,551 493 13,854 12,763 298 327 10,740 242 8,387 10,384 157 1.9% 2.3% 2.8% 2.4% 2.9% 3.0%
Slide 16: Consistent Net Worth Growth, Capital Efficiency and Debt Reduction
2. Robust Financial Performance Consistent Net Worth Growth, Capital Efficiency and Debt Reduction 4x Net Worth Creation over 5 Years Despite continuous capacity expansion, conservative leverage position Net Worth (Rs. Cr) Debt/Equity 1,423 0.74 0.77 0.65 0.9 1,036 0.8 786 0.7 0.52 0.53 651 0.41 0.6
Slide 17: Profit & Loss Statement (Consolidated)
2. Robust Financial Performance Profit & Loss Statement (Consolidated) Particulars (₹ Crore) 31-March-24 31-March-25 31-March-26 30-Sep-26 Revenue from operations 13,853.93 19,550.75 24,076.98 12,762.97 Total income 13,885.60 19,584.78 24,116.69 12,787.24 Raw Material Consumed 13,284.22 18,616.08 22
Slide 18: Balance Sheet (Consolidated)
2. Robust Financial Performance Balance Sheet (Consolidated) Particulars (₹ Crore) 31-March-24 31-March-25 31-March-26 30-Sep-26 Net worth 786.29 1,035.94 1,422.81 1,696.58 Total Non Current Liabilities 331.08 394.59 380.13 344.28 Trade Payables 1,656.60 2,334.88 2,653.66 4.994.82 Total Current Liab
Slide 19: Multi-Location Manufacturing Platform Supporting Pan-India Growth
3. Balanced Organic and Inorganic Investments Supporting Long-Term Growth Multi-Location Manufacturing Platform Supporting Pan-India Growth Manufacturing Footprint Strategic Infrastructure 4 Strategic Manufacturing Facilities Manufacturing Strengths Haldia, West Bengal • Port-based infrastructure en
Slide 20: Ongoing Capacity Expansion Building a Scalable Growth Platform
3. Balanced Organic and Inorganic Investments Supporting Long-Term Growth Ongoing Capacity Expansion Building a Scalable Growth Platform Milestone Strategic Expansion Impact Growth Benefits Commissioned 300 TPD Biodiesel Access to high margin export business, Capacity expansion to enable Gokul Agro
Slide 21: Palm Oil Plantation & Biodiesel: Next phase of Growth
3. Balanced Organic and Inorganic Investments Supporting Long-Term Growth Palm Oil Plantation & Biodiesel: Next phase of Growth Palm Oil Plantation Biodiesel Scaling Domestic Feedstock Through Farmer Partnerships EU Market Tailwinds Creating Room for Certified Waste-Based Supply Pilot Development Fa
Slide 22: Trusted Partner Serving Varied Customers
4. Extensive Market Reach Trusted Partner Serving Varied Customers Domestic Revenue – H1FY27 Export Revenue – H1FY27 Gujarat Singapore 46% 22% 22% China West Bengal 35% Andhra Pradesh Germany Tamil Nadu 4% UAE 5% 17% Uttar Pradesh 5% USA 3% Karnataka Malta 7% 9% South Korea Madhya Pradesh 7% 11% 14%
Slide 23: Experienced Promoter-Led Business with Deep Industry Expertise
5. Four decades of promoter experience exclusively in the edible oil industry Experienced Promoter-Led Business with Deep Industry Expertise Mr. Kanubhai J. Thakkar Mr. Jayesh Thakkar Mr. Dipak Thakkar (Chairman & Managing Director) (Joint Managing Director) (Executive Director) Instrumental in capa
Slide 24: Indian Edible Oil Industry: Structural Demand and Long-Term Growth Tailwinds
6. Beneficiary of Structural Industry Tailwinds Indian Edible Oil Industry: Structural Demand, Import Substitution Opportunity & Long-Term Growth Tailwinds 25.33 MMT ~26.90 MMT ~ 28.34 MMT ~$18.3B Indian edible oil Projected market size Projected market size FY25 edible oil import bill / market size
Slide 25: Building Market Leadership through Strong Brand Visibility
Building Market Leadership through Strong Brand Visibility * Advertisement Video and Brand Partner for the Movie Chatni 23
Slide 26: Accolades and Awards
Accolades and Awards Honoured with Honoured with Honoured with the Honoured by Mundra Globoil Legend Emerging Import Highest Importer & Kandla Customs on Honoured with the 2023 by Globoil Powerhouse of of Soybean Oil to International Customs Highest Importer India Edible Oil 2024 India – Gold Day 20
Slide 27: Thank you
Thank you Gokul Agro Resources Ltd DHARA CHHAPIA | CFO (INE314T01033; NSE: GOKULAGRO; BSE: 539725) E: [email protected] REGISTERED & CORPORATE OFFICE: Crown-3, Inspire Business Park, Shantigram, Nr. Vaishnodevi Circle, S.G. Highway, ARPIT MUNDRA & KRISHNA PATEL | EY IR Ahmedabad, Guja
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