Q1 2026 Kaveri Seed Company Ltd Earnings Call Transcript
Key Points
- Kaveri Seed Co Ltd (BOM:532899) reported a 16.98% increase in revenue from operations, reaching INR945.31 crores compared to INR808.09 crores in the previous year.
- The company saw significant growth in non-cotton segments, with maize volumes increasing by 21% and revenues by 54%, and vegetable seed volumes increasing by 28% with a 41% revenue increase.
- Hybrid rice volumes increased by 6.48%, and revenues grew by 32%, despite restrictions in Punjab.
- The contribution of new cotton product volumes increased from 12% to 34%, indicating a successful introduction of new products.
- Kaveri Seed Co Ltd anticipates a 20% growth in the non-cotton segment going forward, supported by increased acreage in maize and rice markets.
- Cotton sales were negatively impacted by the increase in illegal cotton seeds, which affected profitability.
- The cost of production for cotton seeds increased, impacting overall profitability despite some price increases.
- The company's EBITDA margin decreased by 1% compared to the previous year, primarily due to lower margins in the cotton segment.
- There is a significant increase in inventory levels, which could pose a risk if not managed properly.
- Consolidated sales growth was only 7%, compared to a 17% growth in stand-alone sales, indicating potential discrepancies in subsidiary performance.
Ladies and gentlemen, good day, and welcome to Kaveri Seed Company Limited Q1 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
Joining us today on this call, we have with us Mr. Mithun Chand, Executive Director. Before we begin, I would like to mention that some of the statements made in today's conference 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 now hand the conference over to Mr. Mithun Chand. Thank you, and over to you, sir.
Thank you. Good afternoon, and welcome, everyone, to our quarter-one financial '26 earnings conference call. We hope you had a chance to review the presentation of our results, which is also available on our website. I would touch upon the operational financial performance of the company and then open the floor for Q&A.
We are delighted to declare a good set of
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