Kerala Ayurveda Ltd Reports 20.7% Revenue Growth in YTD Dec‘25, Plans to Convert Promoter Debt to Equity

Kerala Ayurveda Ltd (KAL) reported a 20.7% revenue growth in YTD Dec‘25, with revenues of Rs.108.7 Crs. The company's India E-Product business grew at 40% and the Health Service business grew at 27%. KAL continues to be EBITDA positive despite heavy investment in digital marketing, technology, and talent. The company announced plans by its promoter to convert Rs. 20 Crs. of promoter debt to equity via a preferential issue of shares at a price of Rs.327.99. This is at a ~32% price premium to yesterday’s market closing price. KAL also announced its intent to acquire the balance external shareholding in its subsidiary Ayurvedagram Heritage Wellness Centre Private Ltd.