Kamdhenu Ventures Limited – Q4 & FY26 Financial Performance Highlights

Announcement Date: 26 May 2026
Location: Gurugram

Introduction

Kamdhenu Ventures Limited (KVL) has released the audited financial results for the quarter ended 31 March 2026 (Q4 FY26) and the full fiscal year 2026 (FY26) for its subsidiary Kamdhenu Paints, a leading brand in the Indian decorative paints segment.

Financial Highlights

All figures are presented in Indian Rupees Crores (Rs. Cr).

Key Observations

• Revenue Decline: FY26 revenue fell 8 % YoY to Rs. 245 Cr, driven by a “challenging external environment” (elevated crude oil prices, geopolitical disruptions, USD appreciation, and raw‑material inflation).
• EBITDA Contraction: EBITDA dropped 44 % YoY to Rs. 9.5 Cr, with the margin compressing by roughly 240 basis points to 3.9 %.
• Profitability Pressure: Consolidated PAT turned negative in Q4 (‑Rs. 2.7 Cr) and was marginally positive for the full year (Rs. 0.2 Cr), a 97 % decline from FY25.

Management Commentary

• Pricing Strategy: The company plans “calibrated and phased price increases of 5 %–6 %” over the next few quarters to offset cost pressures.
• Product Mix & ASP: Q4 FY26 recorded the highest-ever average selling price (ASP) of Rs. 97, reflecting improved product mix and premiumization.
• Dealer & Distribution Focus: Continued emphasis on deeper dealer engagement, operational efficiencies, and distribution stability is expected to aid recovery.

Capital Raising & Liquidity

• Preferential Allotment: Raised ₹5.04 Cr via allotment of 2.96 Cr convertible warrants to Kamdhenu Limited.
• Warrant Conversion: Kamdhenu Limited converted 1.46 Cr warrants into equity, bringing in an additional ₹7.47 Cr (shares allotted on 30 Mar 2026).
• Outstanding Warrants: 1.50 Cr warrants remain outstanding, with ₹2.55 Cr already received.
• Use of Proceeds: Funds are being deployed to:
  • Accelerate market expansion and dealer penetration in key regions.
  • Strengthen distribution reach in high‑growth markets.
  • Enhance procurement volumes and inventory planning to mitigate raw‑material constraints.

Outlook & Risk Considerations

• Near‑Term Caution: Management acknowledges a “cautious” near‑term environment but remains confident in the sector’s long‑term fundamentals.
• Forward‑Looking Statements: The announcement includes standard safe‑harbor language indicating that actual results may differ materially from expectations due to various risks and uncertainties.

Company Profile

• Founded: 2008 (Kamdhenu Paints)
• Ownership: Wholly owned subsidiary of Kamdhenu Colour and Coatings Limited, itself a subsidiary of Kamdhenu Ventures Limited.
• Product Range: 40+ SKUs across exterior/interior emulsions, primers, wood finishes, textured & designer paints, and construction chemicals.
• Network: 31 sales depots, ~4,440 dealers nationwide.

Contacts

• Group CFO: Mr. Harish Kumar Agarwal – hkagarwal@kamdhenulimited.com
• Investor Relations (Strategic Growth Advisors):
  • Mr. Deven Dhruva – deven.dhruva@sgapl.net / +91 98333 73300
  • Ms. Krisha Shrimankar – krisha.shrimankar@sgapl.net / +91 87797 99281
• Public Relations (Fortuna PR): Mr. Vikash Mahajan – +91 99536 19912

All information above is extracted directly from Kamdhenu Ventures Limited’s Q4 & FY26 financial performance announcement dated 26 May 2026.