Kaveri Seed Company Ltd

welcome to the eminder, all par nity for you to ence is being r on that some of ay involve risk arnings present Thank you, and , to our quarter review the pre h upon the oper the question-a registered a gr f last year. emained flat as crores as comp crores as again operations wa 3.49 crores. mended a 250% re. Increase in v revenues due to he year on acco pacted by unres d further below maize have resu to recover in t s stable now. O p from 59% to 0% and revenue ble sales volum d at INR6.1 cr . The decline is d-answer sessio stion and answ India. Kaveri S Kaveri Seed C rticipant lines o ask question recorded Joinin f the statements ks and uncertai tation. I would d over to you. r 2 first half '25 esentation of o rational and fin and-answer ses rowth of 3% t compared to I pared to INR 2 nst INR 732 cro as at INR 81.76 % dividend that volumes in hyb o good realizati ount of major c st in Banglades EBITDA and P ulted in good g the second half Operational-wise 73%. Hybrid r es by 34%. Ma me increased 1 ores in first ha s due to politica on. er session. We Seed Company November Company's Q2 a will be in the ns after the p ng us today on s made in today inties. For a li d now like to earnings confe our results, whi ancial performa ssion. First hal to INR 889.84 NR 298.87 cro 278.55 crores. I ores in the corr 6 crores. EBITD is INR 5 per eq brid rice and sel ions. Non-cotto contributors like sh. This has re PAT. Increase i growth rate on f of the year du e, the contribut ice volumes in aize volumes in 11%, where ou alf of '25 as co al unrest in Ban have the first q ny Limited r 14, 2024 and H1 FY listen-only resentation this call is y's call may ist of such o hand the erence call. ich is also ance of the lf financial 4 crores as ores in first It remained responding DA was at quity share lection rice on segment e selection, sulted in a in volumes account of uring Rabi tion of new ncreased by ncreased by ur revenue ompared to ngladesh. I question on

r maize revenu s year. So what d 30% to 40% good results in ales were there the spillover o out the other c alf-to-half comp be some front-l g, but we take on might have t And sir, just t or this quarter. S erence is on acc standalone and difference betw the consolidate solidated for Q erence of INR 5 other 4 subsidi ontribution from next question f nd with the ne or buybacks ar ment decision th ve completed the ecide, but I'm s ally impossible management on 0 ue growth in H1 I see in Q2 ma %. So what cou maize in Q2 sp in the first qua of the first quar ompanies they parison is a goo oading that ha the actual liqui taken place in th to understand t So we feel like count of? consolidated n ween standalone ed for the Q2? Q2 is at INR 13 50 crores that w iaries in the co m those compan from the line of ew tax regime, re out of the que hat we need to e buyback in th saying that, I m e now with the this. Kaveri S 1 '25, which is aize have degro uld be the reas pecifically? arter itself. Even rter. So we had might have do od comparison. appens, which i idation of the s he first quarter the difference INR 50 crores numbers. What and consolidat 7 crores, where we see. What ac ompany. One nies. f Gunit Singh fr I mean, woul estion? take, but we ha he last March. S mean, is it still p e new tax reg Seed Company November at 24%. And i own for the com son, sir, given n though it's in d a good sale one the sale in is why Q2 wa tock. But the a itself. between stand s difference. So explains the di ted number of Q eas stand-alone ccounts for this is Microteck a rom CCI. ld we still be ave still more ti So we will decid possible with th gime? I mean, ny Limited r 14, 2024 f I were to mpany Y-o- that other the second in the first the second s subdued, areas where dalone and o could you ifference? I Q2? e is INR 85 s difference and Aditya able to do ime for the de later. he new tax I want to

ed to discuss an ow the sharehol on it. ou haven't have more time left he next questio umbers. if you terms for the fir lumes? ust for these 4 p disclosing volum he first half of l one INR 4.39 cr n the realization d close to INR 7 Sir, next thing s our share? A ompared to last ard, we see a go aize are good. I a crop should d it? arket share of 8 in maize. We much visible i %, close to 30% ales in both rice ward, which we 0 nd decide. It's lders get benef e a discussion re for that. on from the li u could shed lig rst half of this y products. mes as of now last year, we ha rores kgs. n in the first ha 730 odd. I wish to unde And where do w half of this hal ood acreage co It's much remu do well. 8% to 9%. Year have very goo in the first half in the first half e and maize seg see a very goo Kaveri S not an individu fited out of it. I egarding this ye ine of Mr. Nit ght on your 4 c year? That wou , but if you wa ad done volume lf per package o erstand is how m we indicate to g lf year, the mai oming in maize, unerative for th r-on-year, we th d pipeline of h f. You can see f, we were able gments. Overal od growth rate c Seed Company November ual decision. It In the next qua et? tin Awasthi fro core products, uld be cotton, h ant, I can give es of INR 3.97 of cotton? much is the ma go with the gro ze was up by c , as the ethanol he farmer now. hink that we can hybrids in maiz even though th e to match our r ll, you can say coming in for th ny Limited r 14, 2024 t's a Board arter or so, om InCred how much hybrid rice, the overall crores kgs. aize market owth in the close to 8% l plants are . We think n grow our e. And not he cotton is revenues as non-cotton hese crops.

e main season f n H2 sales are d of growth or m y, H1 contribu 120 crores out t in the second h on from the line g vegetable seg sed in H1? And o you see any ex export of cotton ee the overall f erms, it comes and heavy rain pretty confiden d half of the sea ort potential goin overall exports angladesh itself ll, I said that's o of Bangladesh, rt because we a in some other Ivory coast. We overed in those p all growth of ex rt as well as we are getting ver well. We are fa ning to do expo ucts under not co 0 from maize wh higher than H1 more growth in tes the majorit of overall INR half sale, maize e of Harsh Vora gment. If you c d are you envis xport potential i n? first half, there's to 12% odd. B nfall in most o nt that we'll gro ason. ng forward? s of around INR f. And other sa one of the core s out of this INR already lost the parts of the w e are getting or parts. xports leaving th e are trying to g ry encouraging airly confident a orts across all pr otton, but basic Kaveri S here you have t 1. So this year H2 for maize? ty of the maize R 190 crores in e is the only cro a from D.R. Cho can just throw s sioning the gro in this segment s a slight declin But the season j of the parts. W ow in vegetabl R 65-odd crore le in Tanzania sales because w R 24 crores, we season because world because rders from there his year like th grow, as we are g business from about export bu roducts, right? cally maize, rice Seed Company November the higher sale again and goin e. Even for las H1. So H1 dom op which contrib oksey. Please g some light on t owth of this seg t? ne of INR 2.5 c just was delaye We don't see any le as desired, th es. We have don of INR 27 cror we had done a g e might lose INR e of the unrest, we are startin e. So we see th his. But overall, e entering into m m those countr usiness as well. e and vegetable ny Limited r 14, 2024 s, maize is ng forward, st year, the minates the butes more go ahead. the drop in gment over crores, INR ed this year y threat in hat will be ne close to res, if you government R10 crores but we are ng in other hat some of , if you see many other ries as our es.

e next question nse of how the g r? our company much in the t's hardly some ducts that have b vity what we do are in maize, c ustard. So that' ich are launch -- have a good p the share of new op-to-crop. Usu product. The o be the capex for eady done. Like what we alway should be more bstantial investm n, is there any or buybacks? 7 to 8 years, w ompany. And ways, we try to d the question, on that. I think evels are like a 0 from the line o government bus y? government su e few crores, ev been launched o. We always t cotton, even in s regular activi hed, there are potential in the w products laun ually, the hybri overall contribu r the current fis e we might inve ys say, like INR than enough. ments also. And y plan to distri we have done m we have just c distribute cash, like regarding in the next com almost 87% ful Kaveri S of Sanjeev S fr siness is plannin ubsidies. If you ven I doubt tha or how is the p try new produc rice and other ity, and there a many other hy future years. nched and the ov d which has la ution will be in cal? est over INR 25 R35 crores to IN d since we hav ibute surplus c ore than 6 buyb completed our , which is not r the buyback t ming quarters, w ll and are we g Seed Company November rom DreamLad ng out? u see the reven at it's in a single ipeline going fo cts in each and r crops as well are more laun ybrids, which verall revenue? aunched in the between 20% 5 to INR 30 cro NR 40 crores, b ve most of the cash to investo backs, and ever buyback in the required for the tax has now ch we'll have clear going to be go ny Limited r 14, 2024 der. Please nue of the e digit, not orward? every crop , including nched apart are in the ? last 3 to 5 to 35% in ores for this but INR 25 Capex, we ors through ry year, we e month of e company. hanged, we r clarity on ood growth

od demand as w wing” s is a very lean Most of the cro ize. So maize, ll segment for u we should be in l e next question question is for t NR 383 crores. ipated growth for use in the n ook at it. But as he largest produ ventories are at a s where we see g up. I mean to ming years. It's a ance sheet. next question f e challenges in c ges are now be least? tion what we ha and until some e anticipated p tion for the nex h-density planti ry regarding pr ng any action h ompanies includ able hybrid, wh 0 well as output i quarter, usually ops are like whe we think it w us, but we see a line with last ye n from the line the half year ba This is the hig for next year next one year? s rightly said, th uction, what we almost zero lev higher product o say, very goo a combination o from the line of cotton in terms ehind us and th ave taken out th ething really ba roduction and xt year, not only ng. Recently, t romoting the u happening on th ding Kaveri is w hich give better Kaveri S in the rabi seas y second half is eat and rice, w will be in line w a good growth i ear's numbers. of Anurag Jain alance sheet, th ghest ever in la r, is the comp he production is e have taken in t vel. So we are tr tion. And the o od volumes, w of both. The pr f Dhruv Saraf fr of production e next cotton s his year and th ad happens with with a good y y in cotton, but i there have been use of high-den he ground? Or working on high yields. But the Seed Company November on. How shoul s a very lean qu hich are all sel with last year's in vegetables. B n, an Individua he outstanding a ast 4 to 5 years pany undertaki s pretty high th the company's h rying to produc ther thing is tha e are anticipati roduction is mo rom Bowhead I over the half ye eason should b e current crop h the climatic c yield. So I don in most of the c n some actions nsity planting p is it just still m h-density planti research is on, ny Limited r 14, 2024 d that kind uarter when lection rice s numbers. But overall, al Investor. amount for . So is this ing higher his year and history. As ce more. So at we see a ing a good ore and that India. ear. So fair be good for is what we conditions. n't see any crops. and things practices in more word ng. But we definitely,

the industry is tr y plantation. t even getting ng of cotton cr y will move to h unch the produ n, agnostic of th density planting e. High-density now. It is more t on on the line o ar, our base for ction challenges e get back to IN close to INR 34 t shown H1 that right, you're ri at now. what we had d in like around continue? rall this year, w otton, we are d f the exports, th hat we see is tha much reflect. , as cotton is alr in most of the he growth rate f ike 20% to 25% 0% plus. 0 trying for it, def daily labour is op should be m high-density pla uct, I think it's hat? g, but if you se y plantation is n than that, but at f Rohan Patel f the cotton is th s. So with this l NR 350 to INR4 40 crores this y t you did INR 2 ight. Cotton, N one. And cons d like 25% to 3 we had a very m down more than he exports have at a 10% to 12% ready low, we'l crops. So next for next year? % growth in bott Kaveri S finitely down th s difficult to g mechanized. So anting. 9292. Was it ee the crop, it's nothing like tha t least double. from Turtle Cap he lowest. And low sales base, 00 crores base n year itself. 258 crores? Next year, it sho sidering that ou 30% in all of t muted growth b n 30% and the not as anticipa % growth in rev ll at least grow t year, the grow tom line? Seed Company November he line the futur et, especially t o that is also specific for hi slightly high d at is more than pital. Please go we expect that how much can next year? ould be like at ur non-cotton, t the hybrid rice, because there ar other thing wh ated for whateve venues and 15% by 20%. And o wth rate should ny Limited r 14, 2024 re of cotton to pick the one of the igh-density density, but double the ahead. t next year, cotton can least 20% the base is , selection, re a couple here we are er reason it % to 18% of other crops, d be in that

ing to bring so ds being matur ter to get back what I'm saying We are seeing go oducts as well. ched back to IN o grow from ov , like what we u internally is tha so giving very at we had. It's a medium to long- of somewhere he biggest in the ng much bette rly the cotton, eat. There are m gment, as cotton nd this should b conservatively. e next question o previous part . So should we digit growth, it be in the 12% t ? is, exports of IN 0 ome market sh re enough and our market sh g of the 20% gr ood traction in So those are th NR 350 crores, ver there? Like used to have in at we have very good results. W a matter of 3 to -term time horiz around 15%? C e non-cotton se er than the ind right, but we h many other pro n is with a low be in between 1 from the line o ticipants. So the e expect non-co t should be a d to 15%. NR 6 crores in Kaveri S are back, we h we were plann hare. So how is rowth. Basically those products he major contr say, a base in e can we come the past y good pipeline We are pretty su 4 years from h zon. And the no Can we assume? egment and as a dustry. So thes have many oth ducts. So as a base, it should 15% to 20%. O of Mohammed e non-cotton ha otton growth to double-digit gro H1 FY '25. Wh Seed Company November have lost mark ning to bring 2 s the progress g y, it's only beca s, and we are g ributors for the cotton next yea e back to INRv e products and ure that we can ere. on-cotton portfo ? a crop, it's grow e 2 combinatio her products lik whole, if you d be in that 15% Overall, as a com Patel from Car as done really w o slow down in owth, may not b hat should be th ny Limited r 14, 2024 et share in 2 to 3 new going over ause of the iving good growth of ar. So how v500 crores d which are go back to folio should wing, and as ons should ke mustard, divide both % to 20% in mpany, we re Portfolio well in FY n FY '26 to be like that his number

NR 66 crores l NR 28 crores fro ds on the gover o INR 25 crore dy lost some sal Bangladesh sale orld like we ha ve a chance to c uarter or not. Bu as a whole on easily grow at 1 0 crores, exclud r than that. If y this year, next h ? on't know, but n expect to grow e no further que For any other i -9623. On behal for joining us. Y 10 ast year in term om Tanzania, w rnment policy a s Bangladesh s les in the secon es, maybe like I ave Vietnam, I cover. But in ter ut going forwar a year-on-year 5% to 20% in v ding Tanzania? you see exactly half would be in it should be plu w at 15% to 20% estions. This w information, pl lf of Kaveri See You may now di Kaveri S ms of the expor which we don't and other things ale will be like nd quarter. INR 6 or INR 7 Ivory Coast an rms of Tanzani rd, if you see ex r basis. We nee vegetable in exp y like we have n between INR us or minus, sh %? will be the end ease be in touc ed Company Li isconnect your Seed Company November rts. As I said ea know whether s we have done e INR 12 o INR 7 crores might b nd other countr ia, we need to s xport as a segm ed to take the b port market. e done only IN 30 to INR40 cr hould be INR 3 of the conferen ch with Rama N imited, that con lines. ny Limited r 14, 2024 arlier, there we'll get it like NR25 R 13 crores be covered ries we are ee whether ment, it will base of this NR 6 crores rores. 30 and INR nce. Thank Naidu from ncludes this