Kamdhenu Ltd Q1 FY26 Results

We started the year on a strong footing, with revenue growing 6% year-on-year to Rs. 196 crore. Profitability saw a sharp upswing, driven by a substantial increase in royalty income. PBT grew by 43% YoY to Rs. 29 crore, with PBT margin expanding by 370 basis points to 14.6% from 10.9% in the same period last year. Profit After Tax (PAT) also recorded a robust 39% YoY growth, reaching Rs. 21 crore. Our own manufacturing volumes and franchisee volumes continued to post stable growth, each growing by 8% year-on-year. We anticipate the current year to be marked by accelerated capital expenditure and infrastructure development. This momentum is expected to be supported by large-scale government initiatives as well as substantial private sector capex program. During Q1 FY26, we are pleased to share that we achieved our highest-ever quarterly royalty income, driven by an increase in the total royalty charged per metric tonne. Royalty Income Stood at Rs. 42 Crores which grew by 19% YoY. Our brand continues to command a significantly higher average selling price compared to unbranded TMT bars, enabling our franchisees to generate superior ROls. This sustained growth in royalty income underscores our market leadership and brand equity, built and reinforced over the past several decades. Our unique business model combining a strong pan-India brand presence, the ability to scale rapidly with low capital investments, and a trusted brand name, positions us strongly to benefit from India’s ambitious growth agenda and large-scale infrastructure development. We remain confident in sustaining our growth momentum in the years to come.