Kaveri Seed Company Limited, a leading Indian seed company, reported strong financial results for the first quarter of fiscal year 2026, with significant growth in its non-cotton segments offsetting challenges in the cotton business.

Financial Highlights

• Revenue from operations increased by 16.98% year-over-year to Rs. 945.31 crores
• EBITDA rose by 13.68% to Rs. 332.85 crores
• Net profit grew by 11.88% to Rs. 316.50 crores

Segment Performance

Non-Cotton Segments

The company's non-cotton segments showed robust performance, with overall volumes up 8% and revenues increasing by 31%. Key highlights include:

Cotton Segment

The cotton segment faced challenges, with volumes decreasing by 15% due to the prevalence of illegal seeds and higher production costs. However, the contribution of new cotton products to total volumes increased from 12% to 34%.

Management Commentary

Mithun Chand, Executive Director of Kaveri Seed Company, stated, "We are delighted to declare a good set of numbers on account of increasing acreages and higher realizations of non-cotton segments like rice and maize. Increased volumes of non-cotton hybrids have resulted in good realizations, which has been well reflected in the overall revenue growth."

Future Outlook

• The company expects 20% growth in non-cotton segments over the next 3-5 years
• Overall company growth is projected at 15-20% for the same period
• Management highlighted increased R&D investments of Rs. 60 crores annually
• Export growth of 30-40% is anticipated, targeting markets in Bangladesh, Tanzania, Vietnam, and Philippines

Challenges and Opportunities

• The cotton segment faces challenges from illegal seeds, particularly BG-II RRF seeds
• The company is awaiting potential approval for BG-III cotton seeds
• Kaveri Seed Company is expanding its product portfolio in both cotton and non-cotton segments through its subsidiaries

Conclusion

Despite challenges in the cotton segment, Kaveri Seed Company's strong performance in non-cotton segments, particularly maize and vegetables, has driven overall growth. The company's focus on R&D and expansion into new markets positions it well for future growth in the coming years.

Note: All financial figures are based on stand-alone results.

Kaveri Seed Company , a leading player in the Indian seed industry, has reported strong financial results for the first quarter and announced significant changes to its Board of Directors.

Financial Highlights

Board Appointments

The company's Board has approved the following appointments:

1. Dr. Madhushree Gundavaram as Non-Executive and Non-Independent Director
2. Dr. Govinda Rajulu Chintala as Non-Executive Independent Director
3. Re-appointment of Dr. Rayappa Ramappa Hanchinal as Independent Director for a second term

All appointments are for five-year terms and subject to shareholder approval.

Annual General Meeting

Kaveri Seed Company has scheduled its 38th Annual General Meeting for September 23, 2025, which will be held via video conference.

Secretarial Auditor Appointment

M/s. L.D. Reddy & Co has been appointed as the Secretarial Auditor for a period of five years, from FY 2025-26 to FY 2029-30.

Operational Performance

The financial results suggest a strong performance for Kaveri Seed Company in the first quarter. The consolidated figures indicate robust revenue generation and profitability, reflecting the company's strong market position in the seed industry.

About Kaveri Seed Company

Kaveri Seed Company Limited is a leading seed company in India, known for its research-based approach to seed production. The company specializes in developing, producing, processing, and marketing various crop seeds for farmers across the country.

Note: All financial figures are in Indian Rupees (₹).