Kamdhenu Limited has reported its audited financial results for the financial year ended March 31, 2026, posting a 29% year-on-year increase in net profit to ₹78.4 crore. The company achieved a Profit Before Tax (PBT) margin of 13.8% in FY26, an improvement of 300 basis points compared to the previous year. Revenue from operations for FY26 rose 2% to ₹763.4 crore. The Board of Directors has recommended a final dividend of ₹0.40 per equity share, subject to shareholder approval.

For the quarter ended March 31, 2026, the company reported a standalone net profit of ₹17.4 crore, compared to ₹17.1 crore in the corresponding quarter of the previous year. Revenue for Q4FY26 stood at ₹207.6 crore, up from ₹197.8 crore in Q4FY25. PBT for the quarter increased to ₹24.4 crore, with margins expanding to 11.7% from 11.4% in the same period last year.

FY26 Financial Performance

The following table summarises Kamdhenu's key financial metrics for FY26 compared to FY25:

Operational Highlights

Revenue from own facilities for FY26 stood at ₹588.5 crore, while revenue from royalty income surged 25% year-on-year to ₹174.5 crore. The contribution of royalty income to total revenue increased to 22.9% in FY26 from 18.6% in FY25. Franchise volumes grew 10% YoY to 37.9 lakh MT, and volumes from own facilities reached 121.1 thousand MT. Brand sales turnover reached approximately ₹23,000 crore during the year.

Dividend Recommendation

The Board recommended a final dividend of 40%, or ₹0.40 per equity share of face value ₹1 each, for the financial year ended March 31, 2026. The dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.

Management Commentary

Mr. Satish Kumar Agarwal, Chairman & Managing Director, attributed the strong performance to the asset-light franchise-led business model. He highlighted the robust growth in royalty income and the expansion of the franchise network. He noted that the company maintained a debt-free balance sheet and remains optimistic about the long-term growth outlook for the steel and construction sector, supported by government infrastructure spending.

Kamdhenu Limited reported a 29% year-on-year increase in profit after tax to INR78 crores for the financial year ended March 31, 2026, driven by a 25% rise in royalty income. The company's profit before tax for FY26 stood at INR106 crores, a 31% increase from INR80 crores in the previous year, while total revenue grew by 2% to INR763 crores. The Board has announced a dividend of INR0.40 per share, representing 40% of the face value of INR1 each.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the submission of the transcript for the earnings conference call held on May 29, 2026. The meeting was conducted as a virtual audio call for the public and all investors. Khem Chand, the Company Secretary and Compliance Officer, signed the filing on behalf of Kamdhenu Limited.

Financial Performance

For the fourth quarter of FY26, the company recorded a profit after tax of INR17 crores, a 2% year-on-year growth. Profit before tax for the quarter stood at INR24 crores with a margin of 11.7%. Total revenue for Q4 FY26 was INR208 crores, compared to INR198 crores in the corresponding period of the previous year.

Operational Highlights

During FY26, total sales volume grew by 10% year-on-year to 39 lakh metric tons. Steel volume from the franchisee route stood at 37.9 lakh metric tons, a 10% increase from 34.4 lakh metric tons in FY25. Royalty income through the franchisee model rose to INR175 crores in FY26 from INR139 crores in the previous year. The average royalty realization per metric ton increased to INR435 in FY26 from INR398 in FY25.

The company remains debt-free as on March 31, 2026. Return on Capital Employed (ROCE) and Return on Equity (ROE) stood at 26.8% and 19.8%, respectively. Management stated that the company is focusing on increasing the capacity of existing franchisee units rather than adding new ones, with plans to deepen market penetration in the southern region of India.