Kamdhenu Limited reported 43% growth in Q4 FY 19

Kamdhenu Limited, India’s largest manufacturer and seller of branded TMT Bars, in the retail segment, has declared its Audited Financial Results for the Quarter and Year ended 31st March, 2019.

The Kamdhenu Limited has recommended a dividend of Re. 1 per equity share to its shareholders which is 10% on a face value of Rs. 10 per equity share for the financial year ending on March 31, 2019.

"We have been able to improve our profitability significantly during the year and have reported a 43% growth to Rs. 22 Crores. This has been on the back of a conscious decision on changing our business strategy by way of reducing B2B Trading Sales," said the spokesperson of Kamdhenu. He also informed that the focus of the company has been more on improving efficiencies in Own Manufacturing and on franchisee based business model which have led to increased Margins and Better efficiencies with Higher RoE and RoCE. It has also helped us to reduce our Working Capital requirements.

"We are also very happy to inform you that our overall Branded Sales of the Kamdhenu Brand has crossed Rs. 12,000 Crores for FY19 which is a growth of 49% YoY as compared to Rs. 8,072 crores in FY18. Our royalty income has also shown significant improvement and has grown by 37% to Rs. 84 crores for the full year. We have been able to leverage our brand created through our large distribution and marketing strength," he added. The company is on course to beat its target of Rs. 100 crores as Royalty Income by 2020. Along with this we also expect to add more franchisee capacity going forward and reach the 5 million MT per annum capacity by FY22, claimed the spokesperson.