Kamdhenu Ventures , through its wholly owned subsidiary Kamdhenu Paints, a prominent manufacturer of high-quality decorative paints and emulsions, has announced the opening of a new depot in Delhi's Mayapuri industrial area. This strategic move is part of the company's expansion plan to strengthen its last-mile reach and improve supply efficiency to distributors, retailers, and customers in the National Capital Territory (NCT).

Expansion Strategy

The new depot in Mayapuri marks a significant milestone in Kamdhenu Paints' growth strategy, aimed at deepening its market presence in the Delhi NCR region. This expansion is expected to complement the company's existing distribution infrastructure and cater to the growing demand for decorative paints and premium wood coatings across residential and commercial projects in the area.

Upcoming Showroom cum Experience Centre

In addition to the new depot, Kamdhenu Paints has revealed plans to open a Showroom cum Experience Centre in Kirti Nagar. This facility is designed to provide architects and interior designers with a hands-on experience of Kamdhenu Paints' latest product range, including wood coating products. The centre will offer live demonstrations and on-site support for product selection and recommendations.

Management's Perspective

Mr. Saurabh Agarwal, Managing Director of Kamdhenu Paints, commented on the expansion, stating, "Kamdhenu Paints is continuously expanding its distribution network to bring our premium decorative and wood coating solutions closer to our customers. With the new depot and our upcoming Showroom-cum-Experience Centre in Kirti Nagar, we are pairing speed of delivery with hands-on product education for better customer satisfaction."

Company Overview

Kamdhenu Paints' commitment to enhancing its logistic capabilities and technical support is aimed at fostering growth for its channel partners while ensuring end-users have easy access to high-quality products that meet their needs. As the company continues to expand its footprint in the Delhi NCR region, it reinforces its position as a leading player in the Indian decorative paints segment.

This expansion strategy aligns with Kamdhenu Paints' vision to be a one-stop shop for all construction-related paint needs, offering a comprehensive range of high-quality products to meet diverse customer requirements across India.

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.