Kamdhenu Group Q1FY22
Kamdhenu Ltd financial results Q1FY22
Kolkata/IBNS: Kamdhenu Ltd reported revenues of Rs. 145.9 crores, EBITDA of Rs 11.6 crores and PAT of Rs.5.6 crores for overall business for Q1 FY22.
Its paints segment reported revenues of Rs.33.1 crores for Q1 FY22.
"Post, the challenges in April and May 2021, we have started seeing normalcy from June 2021. We have witnessed certain delay in the restoration of the remaining building/ plant & machinery due to the second wave of Covid-19. It is almost nearing completion and expected to start soon," Satish Kumar Agarwal, Chairman & Managing Director was quoted as saying in a release by the company.
The company said it was focusing on expanding its pan-India visibility through aggressive spends on advertising and promotions.
"Paint companies have witnessed pressure due to input cost inflation, however, raw material prices are expected to soften in the coming quarters. Though paint industry has faced challenges in short to medium term, however we believe factors like reducing repainting cycle and lower per capita consumption will drive growth for the decorative paints going ahead," it said.
The steel segment clocked revenues of Rs. 112.72 crore for Q1 FY22 YoY growth of 123% over a low base last year.
Total brand sales turnover stood at Rs.3,485 crores for Q1 FY22, the company said.
A royalty income of Rs. 21.5 crores in Q1 FY22 has been achieved.
"This is on the back of unique asset light model and our well-established brand in the market which is popular among the masses. Steel demand in India is expected to pick up in coming few months as consumption remains strong despite hit by the second wave of Covid-19," Agarwal said.
"Starting June 2021, with unlocking of activities, we have started seeing economic activities back to normal levels. With affording housing projects, government push towards infrastructure spends and speeding up of real estate projects will drive the demand for steel products," he added.
Kamdhenu Ltd financial highlights for Q1 FY22
Overall Revenues stood at Rs. 145.9 crore , EBITDA stood at Rs.11.6 crore & PAT stood at Rs 5.6 crore
Paint Business: Revenue stood at Rs. 33.1 crore, Volumes stood at 5,092 KL
Steel Business: Brand Turnover stood at Rs. 3,485 crore, Royalty Income at Rs.21.5 crore
Franchisee Sales Volumes at 5.63 lakh MT
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