Kaveri Seed Company Limited has informed the Exchange about Transcript of Q1 & FY 2025-26 Results Conference Call made on Thursday, 14th August 2025.
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Awaiting price reaction for this filing.
Kaveri Seed Company reported a strong Q1 FY26 with revenue of Rs. 945.31 crore, up 16.98% year-on-year, powered by robust non-cotton segments. Maize revenues surged 54%, hybrid rice 32%, and vegetables 41% on both volume gains and better realisations. Cotton, however, remained weak with volumes down 15% due to spread of illegal BG-II RRF seeds and higher production costs. EBITDA grew 13.7% to Rs. 332.85 crore and net profit rose 11.9% to Rs. 316.50 crore, though overall EBITDA margins slipped about 1% as cotton profitability was hit. Management opened a new Rs. 45-50 crore R&D centre and expects 15-20% growth over the next 3-5 years, with margins improving and 80-90% of cotton revenue targeted to come from new products by FY28.
Positive for sentiment given strong non-cotton traction and clear multi-year growth guidance; however, cotton remains a near-term overhang due to illegal seed competition, elevated inventory, and a temporary 1% margin dip.