Kamdhenu Ventures Limited — Updates, 13-02-2025: Press Release

Kamdhenu Paints has reported its financial performance for the quarter and the nine-month period ending 31st December 2024. For Q3 FY25, revenue declined by 6% year-on-year to ₹74.0 crore, while nine-month revenues fell 11% to ₹183.3 crore. EBITDA for Q3 was ₹4.6 crore, down 25%, and for the nine-months, EBITDA decreased 20% to ₹12.0 crore. Profit after tax showed a significant dip of 51% in both Q3 and the nine months.

The company faced subdued demand due to a compressed festive calendar impacting sales, particularly for high-value products amidst increased competition and discounting. However, there is a cautiously optimistic outlook, bolstered by improving rural demand and anticipated government infrastructure investments. The Indian paint industry is expected to see sustained growth, driven by urbanization and rising disposable incomes. Kamdhenu's strong distribution network and diverse product portfolio position it favorably to navigate the current challenges and capitalize on future growth opportunities.