Kaveri Seed Co Ltd (BOM:532899)
₹ 834.1 +4.15 (+0.5%) Market Cap: 42.57 Bil Enterprise Value: 36.25 Bil PE Ratio: 14.65 PB Ratio: 2.42 GF Score: 88/100

Q2 2026 Kaveri Seed Company Ltd Earnings Call Transcript

Nov 07, 2025 / 10:30AM GMT
Release Date Price: ₹1005.85 (-4.02%)

Key Points

Positve
  • Revenue from operations grew by 17.09% in the first half of FY26 compared to the previous year.
  • EBITDA increased by 11.12% in the first half of FY26, indicating improved operational efficiency.
  • The company recommended a 250% dividend, reflecting strong shareholder returns.
  • Vegetable seed revenue increased by 31.06%, showing growth in the non-cotton segment.
  • Exports are expected to grow by 25% to 30% compared to last year, indicating strong international demand.
Negative
  • Net profit for Q2 FY26 was a loss of INR 15.05 crore, indicating financial challenges in the quarter.
  • Cotton sales were negatively impacted by increased illegal cotton seed usage.
  • The cost of production for cotton seeds increased, affecting profitability.
  • Employee and other expenses rose by 14%, potentially impacting future profitability.
  • Inventory levels have increased significantly, which could pose a risk if sales do not meet expectations.
Operator

Ladies and gentlemen, good day and welcome to Kaveri Seed Company's Q2 FY26 earnings conference call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions at the end of today's presentation.

Please note that this conference call will be recorded.

Joining us today on this call is Mr. Mitun Chan, executive director.

Before we begin, I would like to mention that some of the statements made in today's call may be forward-looking in nature and may involve risks and uncertainties. For a list of such considerations, please refer to the earnings presentation.

I would now like to hand the call over to Mr. Mitun Chand. Over to you, sir.

C. Mithun Chand
Kaveri Seed Company Ltd - Executive Director

Thank you. Good evening and welcome everyone to our quarter, H1 FY 26 earnings conference call. We hope, you had had a chance to review the presentation of our results, which is also available on our website.

I will touch upon the operational and financial

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