Kamdhenu Limited — Investor Meet, 20-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Kamdhenu Limited has announced a board meeting on 29th May 2025 to consider the financial results for the quarter and half-year.

Kamdhenu’s steel business posted FY25 revenue of INR748 Cr, up 3% YoY, with 5-6% volume growth driven by own manufacturing and franchisees. Royalty income rose 8% to INR139 Cr, supporting a strong ROCE of 25.5%. FY25 PBT and PAT increased 20% and 21%. Management targets 14% volume and 20-25% profit growth in FY26 via franchise expansion and strategic acquisitions.

The paints segment faced tough competition and slower construction, with FY25 revenue of INR266 Cr and PAT of INR7 Cr declining YoY. Focus remains on premiumization, product innovation, and dealer expansion to improve margins. Price hikes follow market leaders, with recovery expected by H2 FY26 alongside infrastructure projects.

Management expressed confidence in sustaining steel momentum and enhancing paint profitability, maintaining a debt-free status and minimal capex plans focused on paint plant upgrades. The tone is cautiously optimistic on steel growth, while paint turnaround relies on market stabilization and premium offerings.