KAVERI SEED CO. LTD.

During the Q1 FY27 earnings conference call, Kaveri Seed Company Limited reported revenue from operations of Rs. 815 crores, down from Rs. 945 crores in the previous year. EBITDA was Rs. 285 crores compared to Rs. 332 crores, with operating margins steady at approximately 35%. Net profit decreased to Rs. 271.3 crores from Rs. 316 crores. Management highlighted challenges due to El Nino affecting monsoon patterns, leading to reduced sowing windows and lower farmer purchases of premium products. However, new cotton products accounted for 37% of cotton sales, up from 22% the previous year, and new maize hybrids contributed over 20% of maize sales. The company also noted significant growth in its export business, which increased nearly fourfold. Management expressed confidence in their product pipeline and anticipated recovery in sales as weather conditions improve, particularly in Karnataka, which is crucial for maize production.

Management reported both challenges and positive developments in product performance.