Kaveri Seed Q2 FY27 slides show recovery amid export surge, weather drag

Kaveri Seed Company Limited reported a recovery in its Q2 FY27 financial results on October 29, 2026, after a challenging first half impacted by El Niño weather patterns. Revenue from operations in Q2 grew 29.84% to ₹125.44 crore from ₹96.61 crore in the same quarter last year. Notably, the company turned positive in EBITDA, posting ₹5.42 crore against a loss of ₹6.47 crore in the prior-year quarter.

The net loss narrowed significantly from ₹15.05 crore to ₹3.21 crore. The board declared an interim dividend of ₹5 per share, indicating confidence in cash generation despite near-term headwinds. Despite revenue growth, the first half of FY27 showed a decline, with revenue from operations falling 9.7% to ₹940.44 crore from ₹1,041.91 crore last year.

EBITDA and profit after tax also contracted by 9.2% and 11.1%, respectively. However, EBITDA margin remained resilient at 30.48%, up from 30.32% a year earlier. The company's performance was influenced by weather disruptions, reduced sowing acreage, and lower demand for premium seed products. However, new product traction in hybrid rice, selection rice, and others, along with strategic international expansion, contributed to the recovery.