Kamdhenu Ventures Ltd share Price Today

Furniture-Furnishing-Paints company Kamdhenu Ventures announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

• Revenue from Operations: Rs 85.1 crore; 20% increase from Q4FY23 to Rs 70.8 crore.
• EBITDA: Rs 7.3 crore; compared to Rs 0.1 crore in Q4FY23.
• EBITDA Margins: 8.5%; compared to 0.2% in Q4FY23.
• Profit After Tax: Rs 4.2 crore; compared to -Rs 2.5 crore in Q4FY23.

FY24 Financial Highlights:

• Revenue from Operations: Rs 291.7 crore; 12% increase from FY23 to Rs 259.5 crore.
• EBITDA: Rs 22.4 crore; compared to -Rs 0.5 crore in FY23.
• EBITDA Margins: 7.7%; compared to -0.2% in FY23.
• Profit After Tax: Rs 13.9 crore; compared to -Rs 11.3 crore in FY23. 

Commenting on the results and performance, Saurabh Agarwal, Managing Director said: “FY24 has been a turnaround year for Kamdhenu Ventures. Revenues have grown by 12% YoY to Rs 292 crores whereas EBITDA and PAT have significantly turned positive compared to last year. We have achieved EBITDA Margins of 7.7% for FY24. This can be attributed to achieving strong economies of scale coupled with operating leverage playing out.

The Average Selling Price per KG/Ltr. for FY24 stood at Rs 90, an increase of 14% over FY23. This is mainly due to increased premiumization of our products.

Moving forward, our focus lies in further elevating our product portfolio through increased premiumization and seizing opportunities in the evolving demand landscape. By continuously innovating and adapting to changing customer preferences, we anticipate sustaining our growth trajectory and enhancing profitability in the years to come.

Our rapid growth is fueled by our unique dealer-driven model and unwavering dedication to delivering topquality products at accessible prices. This winning combination is why our brand stands out in this competitive environment and will fuel our growth in the years to come.

At Kamdhenu Ventures, our unwavering focus remains on catering to underserved smaller towns through our extensive distribution network which stands at 4,300 dealers as on 31st March 24. With the economy expanding and a strong government focus on rural development we expect a surge in demand for paint related products due to the rise in infrastructure projects.

The Indian paint industry is witnessing rapid growth driven by urbanization, rising disposable incomes, and increased infrastructure projects with a growing demand for premium and eco-friendly products. Our ability to provide a wide range of solutions which is ever evolving in nature should help us stay competitive in the evolving industrial landscape.”

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