Kamdhenu Limited — PPTs, 11-11-2024: Investor Presentation

**Financial Highlights:** In Q2 FY25, Kamdhenu reported revenues from operations of ₹190.2 Cr, a slight increase of 2.8% from ₹185.0 Cr in Q2 FY24. However, for H1 FY25, revenues declined by 4.8% to ₹374.7 Cr. Profit Before Tax soared by 55% YoY to ₹20.9 Cr in Q2 FY25, and for H1 FY25, it rose 38% to ₹41.0 Cr. Profit After Tax experienced a notable increase of 56% YoY in Q2 to ₹15.9 Cr, contributing to a 40.8% rise for H1 to ₹31.3 Cr.

**Strategic Initiatives and Growth Drivers:** Kamdhenu is enhancing its manufacturing capacity and strengthening brand positioning. The company successfully raised funds through convertible warrants, with significant investments earmarked for franchising and capital expenditures.

**Business Developments:** Kamdhenu remains focused on increasing franchisee engagement, aiming for a volume growth of 11% in Q2 FY25, despite a decrease in Average Selling Price of TMT Bars.

**Market Position and Competitive Advantage:** As India's top branded TMT Bar player, Kamdhenu continues to leverage its decentralized manufacturing network and robust distribution channels across the country.

**Investor Implications:** The strong increase in profitability alongside revenue challenges may present a mixed outlook. Investors should watch closely as the company continues to optimize its operations and expand its market presence, which may drive future growth.