Kamdhenu Paints Reports FY26 Results Amid Cost Pressures

28 May 2026 CW Team

For the year, revenue from operations stood at Rs 2,453 million (mn), a decline of eight per cent year on year. EBITDA for the year was Rs 95 mn and the EBITDA margin was three point nine per cent, representing a contraction of 240 basis points compared with the prior year. Profit after tax for the year was Rs two mn, down from Rs 67 mn in the previous year, a fall of 97 per cent. In the fourth quarter the company recorded an average selling price of Rs 97, reflecting a higher realisation from product mix.

The company said it plans calibrated price increases of five to six per cent over the coming quarters alongside product premiumisation and greater focus on value added offerings to support margin recovery. During the quarter the company raised Rs 50.4 mn through preferential allotment relating to 29.6 mn convertible warrants and received Rs 74.7 mn on conversion of 14.6 mn warrants, while 15 mn warrants remained outstanding with Rs 25.5 mn already received against them. Management indicated that enhanced liquidity will improve procurement negotiations, inventory planning and reduce operational disruption from raw material availability.

Operations will continue to focus on deeper dealer engagement, operational efficiencies and distribution stability as the company accelerates market expansion and dealer penetration in high growth regions. Kamdhenu said its products are widely available across India, with more than 40 SKUs, 31 sales depots and a dealer network of around 4,440. While near term conditions warrant caution, management expressed confidence in the long term fundamentals of the sector and said strategic pricing, product development and capital allocation measures position the business to benefit when the market recovers.

Kamdhenu Paints, a brand of Kamdhenu Colour and Coatings Limited and a wholly owned subsidiary of Kamdhenu Ventures Limited, has declared audited financial results for the quarter and full year ended 31 March 2026. Management said the period was marked by elevated crude oil prices, geopolitical disruptions and appreciation of the US dollar, which drove sharp inflation across solvents, binders, monomers and other derivatives and increased fuel and labour costs. Shortages of certain raw materials were reported to have further affected production and profitability. For the year, revenue from operations stood at Rs 2,453 million (mn), a decline of eight per cent year on year. EBITDA for the year was Rs 95 mn and the EBITDA margin was three point nine per cent, representing a contraction of 240 basis points compared with the prior year. Profit after tax for the year was Rs two mn, down from Rs 67 mn in the previous year, a fall of 97 per cent. In the fourth quarter the company recorded an average selling price of Rs 97, reflecting a higher realisation from product mix. The company said it plans calibrated price increases of five to six per cent over the coming quarters alongside product premiumisation and greater focus on value added offerings to support margin recovery. During the quarter the company raised Rs 50.4 mn through preferential allotment relating to 29.6 mn convertible warrants and received Rs 74.7 mn on conversion of 14.6 mn warrants, while 15 mn warrants remained outstanding with Rs 25.5 mn already received against them. Management indicated that enhanced liquidity will improve procurement negotiations, inventory planning and reduce operational disruption from raw material availability. Operations will continue to focus on deeper dealer engagement, operational efficiencies and distribution stability as the company accelerates market expansion and dealer penetration in high growth regions. Kamdhenu said its products are widely available across India, with more than 40 SKUs, 31 sales depots and a dealer network of around 4,440. While near term conditions warrant caution, management expressed confidence in the long term fundamentals of the sector and said strategic pricing, product development and capital allocation measures position the business to benefit when the market recovers.

Infrastructure Energy

28 May 2026

NSW Launches 2.5 GW Renewable Tender And 12 GWh Storage

New South Wales has opened a pair of record tenders seeking two point five gigawatts (GW) of new renewable generation and 12 gigawatt?hours (GWh) of long?duration storage to accelerate its clean energy transition. The generation auction, Tender 8, is the largest launched under the NSW Electricity Infrastructure Roadmap and is being managed by independent consumer trustee AusEnergy Services Limited (ASL). The storage contest, Tender 9, seeks up to 12 GWh of additional storage and follows a decision to unlock an extra 50 per cent of capacity above baseline planning targets. Officials indicated t..

Infrastructure Energy

28 May 2026

Jharkhand Researchers Develop Eco-Friendly Solar Cell

A team from the Department of Energy Engineering at the Central University of Jharkhand (CUJ) has developed an eco-friendly solar cell that uses a plant-based natural dye extracted from the petals of Mirabilis jalapa (commonly known as Gulabbas or Four O'Clock Flower). The researchers described the work as part of ongoing laboratory studies to explore sustainable alternatives to conventional photovoltaics. The device builds on dye-sensitised solar cell concepts adapted for locally available botanical materials. The lead researcher said the developed solar cell had achieved a highest power conv..

Infrastructure Energy

28 May 2026

Gwalior Floats Rs 99.8 mn Tender For Two MW Solar Plant

The Gwalior Municipal Corporation has issued a Notice Inviting Tender under a Request For Proposal to appoint an agency to develop a grid-connected solar power project at Manpur. The scheme calls for a two Megawatt AC on-grid ground-mounted solar photovoltaic plant, with a 20 per cent DC oversizing that raises the total DC capacity to two point four Megawatt (MW). The selected developer will be responsible for detailed design, construction and all associated infrastructure works required for grid integration. The original tender document was dated eight June 2024 and was digitally updated in M..