Maize seed growth in Q4 targeting Bihar, UP, and Punjab
Expect major maize seed sales volume growth in Q4 FY26 driven by Rabi sowing in Bihar, Uttar Pradesh, and Punjab, extending the strong Q3 momentum.
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Kaveri Seed Company · forward-looking guidance across the available source record.
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What management said would happen.
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Summer rice expansion in Gujarat, Rajasthan, Western UP
Extending hybrid rice growth into summer rice season across Gujarat, Rajasthan, and Western Uttar Pradesh during the next quarter.
Cotton revenue acceleration from FY27
New cotton hybrids launched recently are performing well in the market; expect good revenue increase starting from FY27 (June 2026 onwards) as these gain market share.
Margin normalization to 45-48% range
Management expects gross margins to normalize back to the 45-48% range going forward as production prices have stabilized and will not continue to impact profitability.
FY27 Revenue Growth: 15-20%
Management expects revenue growth of 15-20% in FY27, with volume growth anticipated to outpace this at over 21%. Cotton is expected to outperform the company average, driven by new hybrid contributions.
New Cotton Hybrid Contribution Target: 50%+
New cotton hybrids are expected to grow significantly, potentially reaching over 50% of total cotton business from current 30%, as these products gain market share.
Margin Improvement in FY27
With production costs expected to be slightly lower than FY26 and no price increases planned, gross margins and EBITDA margins should expand compared to FY26 levels.