Kamdhenu Limited — Investor Meet, 04-06-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kamdhenu Ltd. reported strong FY26 financials: PBT grew 31% to INR 106 Cr, PAT rose 29% to INR 78 Cr, with royalty income up 25% to INR 175 Cr. Franchisee steel volumes grew 10%. Management highlighted the asset-light, royalty-led model as a key advantage, distributing input cost risks and benefiting from increasing royalty rates (INR 435/ton). The company aims for 10-15% annual royalty rate hikes and 10% volume growth, focusing on existing franchisee expansion and strengthening brand equity. With a debt-free balance sheet, plans are underway to enhance shareholder returns. The outlook for branded steel, driven by government infrastructure spending and a shift from unorganized to organized segments, remains positive. Kamdhenu is actively exploring South India for further franchisee expansion.