Kaveri Seed Company Limited reported its standalone financial results for the quarter ended June 30, 2026. Revenue from operations stood at ₹815 crore, a decrease from ₹945.31 crore in Q1 FY26. EBITDA was ₹285.54 crore and Net Profit was ₹271.30 crore, also showing a decline compared to the previous year. The company cited rainfall deficit impacting demand for premium products and challenges in the cotton business.
Kaveri Seed Company Limited: Q1 FY27 Financial Highlights
Kaveri Seed Company Limited has announced its standalone financial results for the first quarter of the financial year 2027, ending June 30, 2026. The company reported a revenue of ₹815 crore for the period, a notable decrease from ₹945.31 crore recorded in the corresponding quarter of the previous financial year (Q1 FY26).
Profitability and Operational Performance
EBITDA for the quarter stood at ₹285.54 crore, down from ₹332.85 crore in Q1 FY26. Net Profit After Tax (PAT) also saw a decline, registering ₹271.30 crore compared to ₹316.50 crore in the same period last year. Cash on books at the end of the quarter was ₹267 crore, down from ₹477 crore in Q1 FY26.
Factors Influencing Results
The company’s operational highlights indicate that the El Nino phenomenon impacted the season with a rainfall deficit, which reflected lower farmer interest in premium, high-value products. Despite challenges like illegal cotton and reduced sowing acreage in the cotton business, volumes were maintained constant year-on-year, with new cotton products contributing significantly to growth.
However, Maize volumes were down by 39%, attributed to a 30% drop in sowing acreage in Karnataka. Despite this decline, new hybrids in the maize portfolio contributed over 20%. The company also successfully introduced new hybrid paddy varieties, KRH7344 and KRH7227, which significantly contributed to the new product bucket. The volume of Bajra also saw sustained growth with new hybrids increasing their contribution.
Commenting on the results, Mr. G V Bhaskar Rao, Chairman & Managing Director, noted that while the rainfall deficit made it a difficult quarter, the cotton business held its ground. He expressed optimism about future growth prospects, particularly with the encouraging reception to new hybrid paddy varieties and the significant growth in exports, which increased by 4x year-on-year.
Source: BSE
