Kaveri Seed Company Limited announced its Q4 and FY 2025-26 results on 25th May 2026. The company submitted a presentation to the Bombay Stock Exchange and National Stock Exchange of India, which is also available on the company's website at www.kaveriseeds.in.

FY26 Key Financial Performance

Overall Performance:

  • Total revenue increased by 16.25% to ₹1,303.77 crore in FY26 from ₹1,121.57 crore in FY25
  • Non-cotton business revenue grew by 23.17% to ₹1,060.18 crore from ₹860.75 crore
  • Cotton business revenue declined by 6.6% to ₹243.59 crore from ₹260.81 crore

Segment-wise Performance (FY26):

  • Hybrid Rice: Revenue increased by 18.37% to ₹293.77 crore from ₹248.19 crore, though volumes grew only marginally by 0.3%
  • Selection Rice: Revenue grew by 9.76% to ₹195.17 crore from ₹177.82 crore, with volumes increasing by 2.58%
  • Maize: Strong performance with revenue growth of 40.17% to ₹403.18 crore from ₹287.63 crore, supported by volume growth of 18.84%
  • Vegetables: Revenue increased by 8.4% to ₹69.96 crore from ₹64.54 crore, with volume growth of 8.4%
  • Others: Revenue grew by 18.78% to ₹98.09 crore from ₹82.58 crore

Cotton Segment Challenges:

  • Sales were impacted due to increased availability of illegal cotton seeds
  • Higher production costs adversely affected profitability margins
  • Positive development: Contribution from new cotton products increased significantly from 10.3% to 30.05%

Market Specific Issues:

  • Hybrid rice cultivation faced restrictions in Punjab, impacting sales performance in the state
  • Export business performed exceptionally well with approximately 90% growth during FY2025-26

Q4 FY26 Performance

Overall Q4 Performance:

  • Total revenue increased by 6.8% to ₹82.21 crore from ₹76.95 crore in Q4 FY25
  • Non-cotton revenue decreased by 8.1% to ₹68.43 crore from ₹74.46 crore
  • Cotton revenue showed exceptional growth of 453.1% to ₹13.78 crore from ₹2.49 crore

Segment-wise Performance (Q4 FY26):

  • Hybrid Rice: Revenue increased dramatically by 617.8% to ₹1.29 crore from ₹0.18 crore
  • Selection Rice: Revenue declined by 60.9% to ₹4.15 crore from ₹10.61 crore
  • Maize: Revenue grew by 15.8% to ₹30.05 crore from ₹25.94 crore
  • Vegetables: Revenue increased by 1.7% to ₹20.25 crore from ₹19.91 crore
  • Others: Revenue declined by 28.8% to ₹12.69 crore from ₹17.82 crore
  • Export revenue recorded approximately 76% growth in Q4

Crop Market Sizes (FY26)

The presentation provided updates on crop acreages across India:

  • Maize: Acreages increased by 10.79% compared to last financial year, with increases seen in UP, Punjab, Bihar, and Assam
  • Rice: Sowing area across states increased by 0.89%, with growing trends in West Bengal, Assam, and Telangana
  • Bajra: Sowing area across states reduced by 0.39%
  • Jowar: Acreages decreased by 5.46% compared to last financial year, totaling 1.80 lakh hectares
  • Sunflower: Sowing area across states increased by 9.76%, with increases in Karnataka and Haryana, totaling 110.03 lakh hectares
  • Cotton: Acreages down by 2.60% due to low kharif sowing in Northern India, with downturn trends in key markets Gujarat and Maharashtra

Outlook for Q1 FY27

The company provided the following expectations for Q1 FY27:

  • Expecting growth in cotton sales across North, Central, and South India driven by new hybrid products
  • Expecting growth in rainy millet across Rajasthan and Uttar Pradesh
  • Hybrid rice growth expected from key markets including Punjab, Uttar Pradesh, Bihar, Chhattisgarh, and Jharkhand
  • Export business performance expected to remain strong
  • Vegetable seed business outlook remains positive

Forward-Looking Statements

The document contains standard forward-looking statements subject to risks and uncertainties including government actions, local political or economic developments, technological risks, and other factors that could cause actual results to differ materially from expectations. The company undertakes no obligation to publicly update these statements.