KERALA AYURVEDA LTD. Q4 FY26 Results

Summary

Kerala Ayurveda Limited reported a total revenue of ₹145.4 Crs. for FY26, marking a 19.0% year-on-year growth, which rises to 22.0% when excluding discontinued business lines. The standalone entity notably crossed the ₹100 Crs. revenue mark for the first time, achieving 32.8% growth driven by the India business momentum. Despite continued investments in talent and technology, consolidated EBITDA remained broadly flat at ₹-3.5 Crs., though the EBITDA margin showed a 20 bps improvement to -2.4%. The company aims for significant growth in FY27, targeting ₹200 Crs. in total revenue with 50% operating revenue growth, and expects to achieve operating break-even by January 2027. This outlook is supported by strategic investments and the recent full consolidation of its Ayurvedagram resort.

Key Highlights

1. 1

   Kerala Ayurveda Limited (KAL) reported a total revenue of ₹145.4 Crs. for FY26, demonstrating a 19.0% growth year-on-year, or 22.0% excluding the impact of discontinued business lines.

2. 2

   The standalone business achieved a significant milestone, crossing ₹100 Crs. in revenue for the first time, driven by strong performance in the India E-Product business and a 32.8% growth.

3. 3

   Consolidated EBITDA for FY26 remained broadly flat at ₹-3.5 Crs., compared to ₹-3.2 Crs. in FY25, despite continued strategic investments.

4. 4

   EBITDA margin improved by 20 basis points (0.2%) year-on-year to -2.4%, with adjusted EBITDA (excluding non-cash ESOP provisions) turning positive at ₹+1.8 Crs.

5. 5

   Profit Before Tax (PBT) closed at ₹-16.4 Crs. and Profit After Tax (PAT) at ₹-16.3 Crs. for FY26, primarily due to higher interest costs.

6. 6

   For Q4 FY26, consolidated total income grew by 14% to ₹36.64 Crs. (3664 Lakhs), reflecting sustained momentum.

7. 7

   KAL targets an ambitious FY27 with 50% operating revenue growth, aiming for a total revenue of ₹200 Crs., and plans to achieve operating break-even by January 2027.