Kamdhenu Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Limited on August 31, 2026. The filing details the company’s environmental performance, including the implementation of zero liquid discharge mechanisms and a reduction in greenhouse gas emission intensity.

The report covers standalone operations for the financial year ending March 31, 2026. Kamdhenu Limited reported total energy consumption of 2,47,525.21 GJ, entirely from non-renewable sources. However, the company noted a decline in energy intensity per rupee of turnover from 3.43 in FY25 to 3.24 in FY26.

Environmental Metrics

The company highlighted significant reductions in air pollutants and greenhouse gas emissions compared to the previous year. Total Scope 1 and Scope 2 emissions fell to 27,812.63 metric tonnes of CO2 equivalent from 29,867.76 metric tonnes in FY25.

Water and Waste Management

Kamdhenu Limited implemented a zero liquid discharge (ZLD) mechanism at its steel manufacturing unit. Total water withdrawal increased to 5,11,259.85 kilolitres from 3,66,802.67 kilolitres in FY25, primarily driven by third-party water sources. Despite this increase, the company reported zero water discharge to surface or groundwater bodies.

Waste generation remained stable at 8,169.12 metric tonnes, with 6,396.50 metric tonnes recovered through recycling or other operations. The company disposed of 1,772.62 metric tonnes of waste, largely through incineration.

What the Numbers Show

While total water withdrawal rose by nearly 40% in FY26, the company maintained a zero liquid discharge status. This divergence suggests that increased operational scale or process changes led to higher water intake, which was fully contained within the system rather than released into the environment. The simultaneous drop in energy intensity despite high non-renewable consumption indicates improved operational efficiency relative to turnover growth.

Governance and Social Metrics

The company reported no fatalities, lost-time injuries, or recordable work-related incidents for employees or workers in FY26. Employee turnover for permanent staff decreased to 16.17% from 22.75% in FY25. Kamdhenu Limited also noted that 100% of permanent employees were covered by health and accident insurance.

Kamdhenu Limited reported a Profit After Tax of ₹78.35 crore for FY 2025-26, up 28.73% from ₹60.87 crore in FY 2024-25, as royalty income and franchise volumes drove profitability despite softer steel realisations.

Financial Performance at a Glance

Revenue from operations rose to ₹763.39 crore in FY 2025-26 from ₹747.49 crore in FY 2024-25, a year-on-year increase of approximately 2%. Profit Before Tax grew 31.25% to ₹10,552.29 Lakhs (₹105.52 crore) from ₹8,040.09 Lakhs (₹80.40 crore) in the prior year. Total income for FY 2025-26 stood at ₹77,469.59 Lakhs, up 2.21% over ₹75,794.51 Lakhs in FY 2024-25.

Royalty and Franchise Business

Royalty income through franchisee sales reached ₹174.46 crore in FY 2025-26, up 25.4% from ₹139.07 crore in FY 2024-25. The contribution of royalty income to total revenue increased to 22.9% from 18.6% in the prior year. Franchisee volumes grew 10.3% to 37.9 Lakh MT, while total volumes sold rose 10% to 39.1 Lakh MT. Brand sales turnover reached approximately ₹23,000 crore.

Balance Sheet and Return Metrics

Kamdhenu maintained a near debt-free balance sheet, with the debt-equity ratio at 0.02 in FY 2025-26, attributable solely to lease liabilities under Ind AS. Net worth strengthened to ₹396.37 crore from ₹316.35 crore in FY 2024-25. Return on Capital Employed stood at 25.98% and Return on Equity at 21.99%.

Dividend and AGM

The Board of Directors recommended a final dividend of ₹0.40 per equity share (40% of face value of ₹1 per equity share) for FY 2025-26, the highest ever declared by the company, subject to shareholder approval at the 32nd Annual General Meeting scheduled for September 25, 2026. The total cash outflow on account of the dividend, if approved, would be ₹11.28 crore, representing a dividend payout of 14.39% of profits.

CSR and Workforce

During FY 2025-26, Kamdhenu was required to spend ₹130 Lakhs toward its CSR obligation. The company incurred CSR expenditure of ₹271.40 Lakhs on the Kamdhenu Skill Development Program — Ongoing Project II, resulting in an excess spend of ₹141.40 Lakhs over the prescribed obligation. As of March 31, 2026, the company had 618 permanent employees on its payroll.

Multi-Year Financial Trends

The following tables capture key multi-year performance trends reported in the annual report.

Revenue from Operations (₹ Crore)

PAT (₹ Crore)

Dividend Payout (%)