Kamdhenu Limited has submitted the transcript of its earnings conference call held on May 29, 2026, for the fourth quarter and the financial year ended March 31, 2026. The call, which was a virtual meeting for investors and shareholders, focused on the company's steel business. For the fourth quarter of FY26, Kamdhenu reported a 5% year-on-year increase in total revenue to ₹208 crore, with profit before tax rising 8% to ₹24 crore. Profit after tax for the quarter was ₹17 crore, a 2% increase from the previous year. For the full financial year FY26, the company achieved a profit after tax of ₹78 crore, marking a significant 29% growth compared to ₹61 crore in FY25. Profit before tax for FY26 stood at ₹106 crore, a 31% increase year-on-year. Total revenue for FY26 was ₹763 crore, up 2% from FY25. The company's steel volume from the franchisee route grew by 10% to 37.9 lakh metric tons in FY26, while royalty income through franchisees increased by 25% to ₹175 crore. Kamdhenu maintained its debt-free status as of March 31, 2026, with Return on Capital Employed (ROCE) at 26.8% and Return on Equity (ROE) at 19.8%. The Board has approved a dividend of ₹0.40 per share (40% of face value). During the call, management highlighted the strength of the Kamdhenu brand and its scalable, asset-light franchisee model. The company was recognized with the “The Extraordinaire –Brand: Most Trusted Brand - Infrastructure & Building Materials” award. Management also discussed industry trends, raw material price volatility, and the resilience of their franchisee model in distributing cost risks. The company plans to further scale its franchisee model and invest in dealer relationships, aiming to strengthen royalty income streams. The outlook for the Indian steel industry remains positive, driven by government investments in infrastructure and housing. The company also clarified that its investment in the paint business was a one-time ₹20 crore investment to increase its equity stake by 4%, with no plans for further infusion. Treasury funds are primarily intended for the steel business and shareholder rewards. Management indicated a focus on increasing the capacity of existing franchisees rather than adding new ones, with a strategic focus on deepening market penetration in the South region.
