BSECompany Update2d ago · 28 Oct 2026, 05:38 pm
Press Release- Financial Highlights for Q2 & H1 FY27
Kamdhenu Ltd · 532741
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Kamdhenu Limited reports a record PAT of Rs. 52.5 crore in H1 FY27, up 31% YoY; PAT margin expands 190 bps to 12.3%
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Kamdhenu Ltd - 532741 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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KL/SEC/2026‐27/53
Date: 28th October, 2026
To, To,
The Manager- Listing The Manager- Listing
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Mumbai-400 051 Dalal Street, Mumbai- 400 001
NSE Symbol: KAMDHENU B S E S c r i p Code: 532741
Sub: Press Release-Financial Highlights for Q2 & H1 FY27.
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith Press Release of the Company regarding
performance of the Company for the quarter and half year ended on 30th September, 2026.
We request you to kindly take the same on records.
Thanking you,
Yours faithfully,
For Kamdhenu Limited
Khem Chand,
Company Secretary & Compliance Officer
FCS: 10065
Encl: as above
KAMDHENU LIMITED
Q2 & H1 FY27 FINANCIAL PERFORMANCE HIGHLIGHTS
Kamdhenu Limited reports a record PAT of Rs. 52.5 crore in H1 FY27, up
31% YoY; PAT margin expands 190 bps to 12.3%
28th October 2026, Gurugram
Kamdhenu Limited, India’s largest manufacturer and seller of branded TMT Bars, in the retail segment,
has declared its unaudited Financial Results for the quarter and half year ended 30th September 2026
Particulars (Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Revenue from Operations 215.0 191.1 12% 428.3 386.9 11%
Profit Before Tax (PBT) 31.4 25.7 22% 67.8 54.3 25%
PBT Margin (%) 14.6% 13.5% 110 bps 15.8% 14.0% 180 bps
Profit After Tax (PAT) 23.8 18.7 27% 52.5 40.1 31%
PAT Margin (%) 11.1% 9.8% 130 bps 12.3% 10.4% 190 bps
Particulars (Rs. Crs.) Q2 FY27 Q2 FY26 Y-o-Y H1 FY27 H1 FY26 Y-o-Y
Revenue from Own Facilities 167.3 146.7 14% 332.5 301.0 10%
Volume from Own Facilities ("000" MT) 32.8 31.2 5% 64.7 61.4 5%
Revenue from Royalty Income 47.7 44.4 7% 95.8 85.9 11%
Franchise Volumes (In Lakh MT) 9.7 8.5 13% 20.0 18.0 11%
Commenting on the results, Mr. Satish Kumar Agarwal, Chairman & Managing Director said:
“H1 FY27 has been a period of steady progress for Kamdhenu, reflecting the resilience of our brand and the
operating leverage of our asset-light, franchise-led model. Revenue from Operations grew 11% YoY to Rs. 428
crore, Profit Before Tax rose 25% to Rs. 68 crore and Profit After Tax increased 31% to Rs. 52 crore with PAT
margin expanding 190 bps to 12.3%.
Franchisee volumes grew 11% YoY to 20 lakh MT, which lifted brand sales turnover by 16% to more than
Rs.12,700 crore. These higher franchise volumes coupled with increase in selling price pushed the royalty
income up by 11% to Rs. 96 crore and was the key contributor to our margin expansion.
In Q2 FY27, revenue grew 12% YoY to Rs. 215 crore and PAT rose 27% to Rs. 24 crore. Revenue from our own
facilities also increased 14% supported by higher steel prices.
In line with our commitment to long-term cost efficiency, we commissioned a 5 MWp captive solar power
plant in Rajasthan in June, which has started providing energy-efficient solutions to our production plants
and is expected to generate annual cost savings for Kamdhenu.
The second half has traditionally been the stronger period for our business, driven by a post-monsoon
revival in construction activity. Demand should remain well supported by sustained public investment in
infrastructure and housing, along with wider adoption of TMT bars and structural steel.
At the same time, a greater emphasis on quality standards is accelerating the shift from unbranded to
branded TMT bars, a structural trend that favours established brands such as Kamdhenu.
Royalty income being the capital-light revenue stream, allows us to keep adding franchise partners while
offering customers products they can trust. With disciplined spending and prudent capital allocation, our
debt-free balance sheet continues to support healthy returns.”
About Kamdhenu Limited
Kamdhenu Limited was founded in 1994 with a vision to provide Best Quality TMT Bars at Best
Price. Today, led by Mr. Satish Kumar Agarwal, the company is the market leader in branded TMT
Bars and ‘Kamdhenu TMT Bar’ is the largest selling TMT Bar in India, in the retail segment with
brand sales turnover of ~Rs. 23,000 crores in FY26. Kamdhenu follows franchisee business model
to bring more transparency and dynamism to the operations of the company. Kamdhenu has
committed chain of over 12,500 dealers and over 500 distributors in India. Kamdhenu being TMT
expert has also launched Kamdhenu PAS 10000 Steel for highly seismic zones and Kamdhenu Nxt
TMT Bar, next generation interlock steel which is also earthquake resistant. It has been conferred
with Most Trusted Brand – Infrastructure & Building Materials – India 2030 Leadership Conclave
2025-2026, URS – Asia One Awards 2022-23, Icon of Trust – The Extraordinaire Brand 2020-22 India
Power Brand 2016 & 2019-20, Asia’s Most Promising Brand – 2016, World’s Best Brand 2015 and
2017-18 among Asia & GCC. Kamdhenu Ltd. a ISO 9001:2015 and ‘Great Place to Work’ certified
company, is listed on NSE & BSE.
For further information, please contact
Company : Kamdhenu Limited
CIN: L27101HR1994PLC092205
Mr. Harish Kumar Agarwal - hkagarwal@kamdhenulimited.com
Investor Relations : Strategic Growth Advisors
CIN: U74140MH2010PTC204285
Mr. Deven Dhruva – deven.dhruva@sgapl.net / +91 98333 73300
Ms. Krisha Shrimankar – krisha.shrimankar@sgapl.net / +91 87797 99281
Public Relations : Fortuna Public Relations
Mr. Vikash Mahajan - +91 99536 19912
Safe Harbor
Statements in this document relating to future status, events, or circumstances, including but not limited to
statements about plans and objectives, the progress and results of research and development, potential
project characteristics, project potential and target dates for project related issues are forward-looking
statements based on estimates and the anticipated effects of future events on current and developing
circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily
predictive of future results. Actual results may differ materially from those anticipated in the forward-
looking statements. The company assumes no obligation to update forward-looking statements to reflect
actual results changed assumptions or other factors.