Q4 2026 Kamdhenu Ltd Earnings Call Transcript
Key Points
- Kamdhenu Ltd (BOM:532741) reported a 31% year-on-year increase in profit before tax, reaching INR106 crore in FY26.
- The company's total sales volume grew by 10% year-on-year to 39 lakh metric tonnes in FY26.
- Royalty income through franchisees increased by 25% year-on-year, reaching INR175 crore in FY26.
- Kamdhenu Ltd remains debt-free as of March 31, 2026, with a strong ROCE of 26.8% and ROE of 19.8%.
- The company has a robust distribution network with over 12,500 dealers across India, enhancing market access and brand presence.
- The average selling price for TMT bars was marginally softer on a year-on-year basis, impacting revenue growth.
- Geopolitical disruptions have created volatility in key input costs, such as crude oil and natural gas, which may pressure margins.
- The company's own manufacturing steel volume remained flat year-on-year, indicating limited growth in this segment.
- Despite a strong brand presence, Kamdhenu Ltd faces significant competition from major players like Tata Steel and Jindal.
- The company has not outlined a clear plan for utilizing its INR300 crore cash reserve, which could impact shareholder returns.
Ladies and gentlemen, good day, and welcome to Q4 and FY26 earnings conference call of Kamdhenu Limited. (Operator Instructions) Before we begin the conference, a brief disclaimer. This conference call may contain certain forward-looking statements about the company, which are based on beliefs, opinions and expectations of the company as on date of this call.
These statements are not the guarantee of future performance and involve risks and uncertainties that are difficult to predict. This call is restricted to Kamdhenu Limited steel business, we would like to restrict the questions only to our business.
I now hand the conference over to Mr. Satish Agarwal, MD from Kamdhenu Limited. Thank you, and over to you, sir.
Good morning, and a very warm welcome to everyone present on the call. Along with me, I have Mr. Harish Agarwal, Group CFO; and SGA, our Investor Relation Adviser. We have uploaded our results and investor presentation for the quarter and full year
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