Narmada Agrobase Limited , a leading player in the manufacturing of cattle feed and agro-based byproducts, has reported a robust 19% year-on-year revenue growth for the second quarter of fiscal year 2026. The company's performance reflects its strong market presence and focus on quality products in the agriculture sector.

Financial Highlights

For Q2 FY26, Narmada Agrobase reported:

Revenue Growth and Market Expansion

The company's 19% year-on-year increase in Q2 revenue underscores healthy volume expansion in its core cattle feed segment. This growth is supported by steady demand amid rising dairy and poultry activities across Gujarat and neighboring regions.

Operational Performance

Narmada Agrobase has demonstrated strong resilience in Q2 FY26, with revenue growth reflecting its focus on product quality and timely supply to livestock farmers. The company achieved encouraging traction across key product segments, reinforcing the trust its brand enjoys among distributors and end users.

Margin Pressure

Despite the strong top-line growth, the company's EBITDA margins faced pressure due to elevated raw material costs, particularly cottonseed and allied inputs. This indicates the challenges in the agricultural input market that the company is navigating.

Management Commentary

Mr. Neeraj Agrawal, Chairman & Managing Director of Narmada Agrobase Limited, commented on the performance: "Our focus on value-added cattle feed and allied agro-based products continues to yield positive results, supported by strong customer relationships and a growing market presence. As we move forward, we remain committed to driving sustainable growth through innovation, process optimization, and prudent financial management."

Future Outlook

With its strong foundation and expanding market reach, Narmada Agrobase expresses confidence in maintaining its growth momentum in the coming quarters. The company aims to create lasting value for all stakeholders through its focus on operational efficiency and product excellence.

Conclusion

Narmada Agrobase Limited's Q2 FY26 results demonstrate the company's ability to grow its revenue significantly in a challenging environment. While the pressure on margins due to increased input costs is a concern, the company's focus on quality products and market expansion provides a solid foundation for future growth. Investors and stakeholders will likely keep a close eye on how the company manages these cost pressures in the coming quarters while maintaining its growth trajectory.

Narmada Agrobase Limited , a leading manufacturer of cattle feed and cotton seed products, has reported robust financial results for the first quarter. The company's performance highlights its strong market position and strategic growth initiatives in the evolving cattle feed industry.

Financial Highlights

Narmada Agrobase reported a total income of Rs. 11.41 crore in Q1. The company's EBITDA saw a significant quarter-on-quarter increase of 82%, reaching Rs. 1.65 crore with an impressive margin of 14.47%. This substantial growth in EBITDA margin, expanding by 1,140 basis points, was attributed to efficient commercial procurement and effective cost control measures.

The company's Profit After Tax (PAT) also showed robust growth, increasing by 31% quarter-on-quarter to Rs. 1.02 crore. The PAT margin stood at 8.93%, representing an expansion of 630 basis points.

Product Portfolio and Market Presence

Narmada Agrobase operates primarily in the cattle feed and cotton seed products segments. The company's flagship brands, including Gaay Chhaap, Narmada Super, and Churma, have established strong recognition in the market for their quality, consistency, and reliability.

Expansion Plans

The company is actively pursuing expansion on multiple fronts:

1. Domestic Expansion: Narmada Agrobase is extending its reach to new regions within India, including Maharashtra, Madhya Pradesh, North Rajasthan, and Punjab.

2. International Markets: The company is targeting international markets in Southeast Asia, the Middle East, and Africa. Management is currently in talks with companies in Vietnam and aims to achieve 15-20% of revenue from exports within the next three years.

3. Product Diversification: The company is focusing on value-added products such as pelletized cattle feed and cotton seed oil to enhance its product offerings.

Operational Capacity and Certifications

Narmada Agrobase currently maintains a monthly production capacity of 4,000 tonnes. The company's current capacity utilization stands at 50%, with expectations to double by FY27. Notably, the company holds ISO 9001-2015 certification, underscoring its commitment to quality standards.

Sustainability Initiatives

During the earnings call, the management highlighted their commitment to sustainability through various initiatives:

• Zero-waste operations
• Adoption of renewable energy sources
• Implementation of eco-friendly packaging solutions

The company is exploring the use of white coal, a waste product used for heat generation in industries, as part of its renewable energy initiatives.

Management Commentary

Neeraj Kumar Agrawal, Chairman and Managing Director of Narmada Agrobase, commented on the results: "We delivered a stable performance in Q1, underscoring the strength of our B2B-focused business model and disciplined operations despite raw material volatility. Our commitment to quality assurance and chemical-free products continues to drive customer loyalty and brand recognition."

Future Outlook

With a strong focus on regional market expansion, product diversification, and international growth, Narmada Agrobase is well-positioned to capitalize on the growing demand for high-quality cattle feed. The company's emphasis on sustainability and quality assurance is expected to further strengthen its market position in the evolving livestock nutrition industry.

As Narmada Agrobase continues to execute its growth strategy, investors and industry observers will be keenly watching the company's progress in expanding its market presence and achieving its ambitious export revenue targets.