Kamdhenu Ventures Limited — Updates, 11-11-2024: Press Release

Kamdhenu Ventures Limited has reported its financial performance for the quarter and half year ended September 2024, with revenues of ₹109 crores and an EBITDA of ₹7.4 crores, reflecting a year-over-year decline of 14% and 18%, respectively. The decline can be attributed to a temporary shift in demand due to seasonal factors and flooding in certain regions. The EBITDA margin slightly decreased to 6.7% from the previous year's 7.0%.

Despite these challenges, the company maintains a positive outlook, driven by strengthening rural demand following favorable monsoon conditions and a focus on expanding its premium product portfolio. The paint industry's growth is supported by increasing consumer spending, urbanization, and government infrastructure initiatives. Kamdhenu's broad product range and competitive pricing position it well to capitalize on emerging opportunities and navigate the current demand environment effectively. The company remains committed to optimizing its sales mix as it aims to regain its growth trajectory in the festive season ahead.