Kamdhenu Ventures Reports 4% Revenue Growth to Rs 57 Crore in Q2
Kamdhenu Ventures Limited announced its Q2 FY24 results, reporting a 4% year-on-year revenue increase to Rs 57.00 crore in its paint business. The company achieved an EBITDA of Rs 4.00 crore with a 6.50% margin and a profit after tax of Rs 1.00 crore. The company operates through 30 sales depots and a 4,400-strong dealer network. The Board approved a Rs 42.50 crore corporate guarantee for credit facilities obtained by its subsidiary, Kamdhenu Colour and Coatings Limited.

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Kamdhenu Ventures Limited , a key player in the Indian paints industry, has announced its unaudited financial results for the quarter and half year ended September 30, 2023, showing resilience in challenging conditions.
Financial Performance
The company's paint business delivered revenue of Rs 57.00 crore, representing a 4% year-on-year increase. EBITDA stood at Rs 4.00 crore with a margin of 6.50%, while profit after tax was Rs 1.00 crore.
Operational Highlights
Managing Director Saurabh Agarwal highlighted the company's focus on:
- Strengthening brand presence
- Expanding distribution networks
- Introducing innovative products
Kamdhenu Ventures currently operates through:
- 30 sales depots
- A dealer network of 4,400
- 40 SKUs across product categories in the decorative paints segment
Strategic Moves
In a significant development, the Board of Directors approved providing a corporate guarantee of Rs 42.50 crores to Indian Bank for credit facilities obtained by its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited. The company will charge a guarantee fee of 1% per annum for this facility.
Conclusion
While facing challenges, Kamdhenu Ventures demonstrates resilience in its core paint business. The company's focus on expansion, innovation, and strategic financial moves positions it for potential growth in the coming quarters.
Historical Stock Returns for Kamdhenu Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -4.26% | -14.07% | -40.41% | -59.15% | -63.19% |






























