Kaveri Seed Company Limited declared its un-audited standalone and consolidated financial results for the quarter ended 30th June, 2026 (Q1FY27). The disclosure was made to the Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd. via letter dated 13th August, 2026.

Financial Performance (Standalone) - Q1FY27 vs Q1FY26 (₹ in crore)

  • Revenue from Operations: ₹815.00 (vs ₹945.31 in Q1FY26) - decrease of approximately 14%
  • EBITDA: ₹285.54 (vs ₹332.85 in Q1FY26)
  • PAT (Net Profit): ₹271.30 (vs ₹316.50 in Q1FY26)
  • Cash on books: ₹267 (vs ₹477 in Q1FY26)

Operational Highlights

  • El Nino weather phenomenon impacted the season with rainfall deficit, resulting in lower farmer interest towards premium high-value products
  • Cotton business maintained strong foundation in northern markets (Haryana, Punjab, Rajasthan)
  • Despite challenges including illegal cotton and reduction in sowing acreage, cotton volumes were maintained constant compared to previous year
  • New cotton products showed significant growth, increasing contribution from 22% to 37% of portfolio
  • Maize volumes declined by 39% due to 30% drop in sowing acreage in Karnataka
  • New maize hybrids (single cross) contributed over 20% in maize portfolio despite acreage decline
  • Successfully introduced hybrid paddy varieties KRH7344 and KRH7227, which contributed 62% in new product bucket
  • Bajra volume sustained with new hybrids contribution increasing from 61% to 65%
  • Export business increased significantly from ₹1.15 crore to ₹5.79 crore (approximately 4x growth year-over-year)

Management Commentary

Mr. G V Bhaskar Rao, Chairman & Managing Director, stated that rainfall deficit made the quarter difficult with lower farmer interest in premium products. He noted that cotton business held its ground with new products now comprising 37% of portfolio. Maize was affected by acreage drop in Karnataka, though new single cross hybrids account for over 20% of that portfolio. Reception to new hybrid paddy varieties has been encouraging. Exports showed strong growth prospects for international markets. Management expects potential spillover demand if rainfall improves during Q2FY27.

Forward-looking Statements

The document contains 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. The company undertakes no obligation to publicly update these statements.