Financial Performance Highlights
Quarterly Performance (Q4 FY26 vs Q4 FY25):
- Revenue from Operations: ₹207.6 crore (up 5% from ₹197.8 crore)
- Profit Before Tax: ₹24.4 crore (up 8% from ₹22.5 crore)
- PBT Margin: 11.7% (improved by 30 bps from 11.4%)
- Profit After Tax: ₹17.4 crore (up 2% from ₹17.1 crore)
- Revenue from Own Facilities: ₹162.0 crore (up 2% from ₹159.5 crore)
- Volume from Own Facilities: 31.6 thousand MT (down 1% from 32.0 thousand MT)
- Revenue from Royalty Income: ₹45.5 crore (up 19% from ₹38.2 crore)
Annual Performance (FY26 vs FY25):
- Revenue from Operations: ₹763.4 crore (up 2% from ₹747.5 crore)
- Profit Before Tax: ₹105.5 crore (up 31% from ₹80.4 crore)
- PBT Margin: 13.8% (improved by 300 bps from 10.8%)
- Profit After Tax: ₹78.4 crore (up 29% from ₹60.9 crore)
- Revenue from Own Facilities: ₹588.5 crore (down 3% from ₹607.7 crore)
- Volume from Own Facilities: 121.1 thousand MT (up 1% from 119.8 thousand MT)
- Revenue from Royalty Income: ₹174.5 crore (up 25% from ₹139.1 crore)
Operational Highlights
- Royalty income contribution to total revenue increased to 22.9% in FY26 from 18.6% in FY25 (430 basis points expansion)
- Franchisee volumes grew 10% YoY to 37.9 lakh MT in FY26
- Brand sales turnover reached approximately ₹23,000 crore in FY26
- Company maintains a debt-free balance sheet
Dividend Declaration
The Board has proposed a dividend of ₹0.40 per share (40% of face value of Re.1 each), subject to shareholder approval.
Management Commentary
Mr. Satish Kumar Agarwal, Chairman & Managing Director, commented on the strong performance driven by the asset-light franchise-led business model. He highlighted the robust growth in royalty income and franchise network expansion. The company remains optimistic about long-term growth outlook for the steel and construction sector, citing continued government focus on infrastructure creation, urban development, housing, and public capital expenditure.
Company Background
Kamdhenu Limited, founded in 1994, is India's largest manufacturer and seller of branded TMT Bars in the retail segment. The company operates through a franchisee business model with over 12,500 dealers and 500 distributors in India. Kamdhenu TMT Bar is the largest selling TMT Bar in India's retail segment. The company is ISO 9001:2015 certified and 'Great Place to Work' certified.