Kaveri Seed Company Limited announced its Un-audited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025. The company reported a notable 16.08% year-over-year revenue growth for Q3FY26, reaching ₹179.65 crore. While EBITDA saw a minor increase of 1.14% to ₹25.38 crore, PAT decreased by 50.44% to ₹7.46 crore for the quarter. Nine-month results showed robust growth across key metrics.
Kaveri Seed Q3 & 9MFY26 Financial Performance
Kaveri Seed Company Limited disclosed its financial results for the Quarter ended December 31, 2025, highlighting significant revenue expansion for both the quarter and the nine-month period.
Key Financial Snapshot (Standalone, in ₹ crore)
- Revenue from Operations in Q3FY26 stood at ₹179.65 crore, marking a 16.08% growth compared to Q3FY25 (₹154.77 crore).
- EBITDA for the quarter grew by 1.14% to ₹25.38 crore (Q3FY25: ₹25.09 crore).
- Profit After Tax (PAT) declined by 50.44% year-over-year, landing at ₹7.46 crore (Q3FY25: ₹15.04 crore).
Nine-Month Performance (9MFY26)
The results for the nine months ending December 31, 2025, demonstrated stronger upward momentum:
- Revenue grew by 16.94% to ₹1221.56 crore (9MFY25: ₹1044.61 crore).
- EBITDA rose by 10.35% to ₹358.39 crore (9MFY25: ₹324.78 crore).
- PAT increased by 4.91%, reaching ₹308.91 crore (9MFY25: ₹294.46 crore).
Q3FY26 Operational Highlights
The performance was driven by strong volume and revenue contributions across several product lines:
- Non-Cotton Hybrids: Volumes increased by 6.1%, and revenues grew by 13%.
- Cotton Seed: Both volumes and revenues for cotton seed registered growth.
- Paddy and Vegetable Seeds: Research paddy volume grew by 51%, and Vegetable seeds volume grew by 5%.
- Oilseeds: Sunflower volume saw massive growth of 94%, and Mustard volume grew by 64%.
- Exports: Revenues from exports witnessed a steep growth of 86%.
- Maize Pricing Challenge: Commercial maize prices were lower (hovering around ₹1200 to ₹1600 per quintal vs. ₹2200 previously), impacting Rabi Maize cultivation in key early markets.
9MFY26 Segment Analysis
The longer period highlights strategic shifts and market challenges:
- Cotton Product Mix: Contribution of new Cotton products to volumes rose significantly from 11% to 35%.
- Cost Pressure: Profitability was impacted by an increase in the cost of production of cotton seed, as well as the impact of illegal cotton sales.
- Rice Performance: Hybrid rice volumes decreased slightly by 0.9%, but revenues grew by 17.9%. Selection rice volumes and revenues grew by 7% and 14.2%, respectively.
- Maize Strength: Maize volumes increased by 21.7%, leading to revenue growth of 42.6%.
Chairman’s Commentary
Mr. G V Bhaskar Rao, Chairman & Managing Director, stated, “We are happy to declare good set of numbers for the quarter.” He noted that while good rate support in Q3FY26 could have led to better profitability growth, the current performance across rice, maize, and vegetables provides a good indication for next year’s performance.
He concluded by highlighting future strategy: “Our investments in expanding plant capacities and increased spend in R&D is going to contribute for increasing share of new products in both Cotton and non-Cotton segments.”
Source: BSE
