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KAVERI SEED COMPANY LIMITED Q2 & H1 FY27Investor UpdateNSE: KSCL | BSE: 532899
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H1 Key HighlightsA season shaped by El Nino; new products and exports gaining shareH1 FY27 ■ElNinoimpactedtheseason,withtherainfalldeficitreflectinglowerinteresttowardspremium,high-valueproducts■InCotton,theCompanyhasestablishedastrongfoundationwithnewproductsinthenorth(Haryana,PunjabandRajasthan)aswellasincentralandsouthernmarkets■Despitechallengessuchasillegalcottonandloweracreage,cottonvolumesweremaintainedvis-à-vislastyear;newproducts'contributionrosefrom21.4%to37.7%■Maizevolumesweredown36%onanearly30%dropinsowingacreageinKarnataka;newsingle-crosshybridsstillcontributedasubstantial21.8%+ofthemaizeportfolio■Exportbusinessincreasedsignificantlyfrom₹12.56croreto₹33.07crore■EBITDAmarginbroadlyheldat30.48%ofnetrevenueinH1FY27vs30.32%inH1FY26,despitelowerrevenuefromadverseclimaticconditions 30.48%EBITDA margin in H1 FY27vs 30.32% in H1 FY26, despite lower revenue Cotton volumes held flatConstant vis-à-vis last year despite illegal cotton and lower acreage 2
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Q2 Key HighlightsNarrower loss, export-led paddy growth and a wider global footprintQ2 FY27 ₹5 / shareInterim dividend250% on a face value of ₹2 per equity share, declared by the Board ₹15.05 → ₹3.21 crNet loss narrowedQ2 net loss significantly narrowed versus Q2 FY26 ▲41.7%Cotton growthSubstantial growth in cotton versus the corresponding quarter ₹2.37 → ₹17.33 crHybrid paddySignificant growth, driven primarily by the export business ▲~22%Research paddyGrowth over the corresponding quarter of last year 8 countriesGlobal expansionWholly owned subsidiaries in Tanzania, Kenya, Vietnam, Thailand, Philippines, Indonesia, Zambia and Peru Quality ISTA (International Seed Testing Association) accreditation for the QC facility, alongside ISO NABL accreditation3
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Crop Market SizesAll-India sowing acreage for H1, with year-on-year movement Maize▼2.65% YoY 91.61lakh hectaresDecline across all major states —Maharashtra, Karnataka, Odisha, Telangana and Andhra Pradesh Rice▼3.82% YoY 427.69lakh hectaresDecline across major states —Telangana, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh Bajra▲3.20% YoY 64.88lakh hectaresIncrease across major Bajra-growing states —Rajasthan, Haryana and Uttar Pradesh Jowar▲8.72% YoY 13.79lakh hectaresIncrease observed mainly in Telangana and Rajasthan Sunflower▲92.54% YoY 1.29lakh hectaresAcreage increase driven mainly by Karnataka Cotton▼0.88% YoY 109.34lakh hectaresDecrease across major Cotton-growing markets —Rajasthan, Haryana, Karnataka, Andhra Pradesh and Punjab4 H1 FY27
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Financial Performance –Q2 FY27Q2 FY27 versus Q2 FY26 · Standalone · ₹ in crore Total Revenue 125.44vs 96.61 cr, grown by 29.84% in Q2 FY26 EBITDA 5.42vs (6.47) crin Q2 FY26 PAT (3.21)vs (15.05) crin Q2 FY26 Standalone P&L Summary₹ in croreQ2 FY27Q2 FY26YoYRevenue from Operations125.4496.6129.84%Other Income5.396.63-EBITDA 5.42(6.47)-EBITDA Margin4.32%(6.70)%-PAT (3.21)(15.05)-EPS (₹) (0.62)(2.93)- What moved the quarterRevenuegrew29.84%YoYintheseasonallyleanquarterEBITDAroseto₹5.42crinQ2FY27Netlossnarrowedto₹3.21crfrom₹15.05cr 5
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Revenue Breakup –Q2 FY27Q2 FY27 versus Q2 FY26 · Standalone · ₹ in crore Total Revenue 125.44vs 96.61 cr, grown by by 29.8% in Q2 FY26 Non-Cotton 116.82vs 90.53 crgrown by 29.0% in Q2 FY26 Cotton 8.61vs 6.08 cr, grown by 41.7% in Q2 FY26 Non-Cotton Revenue Breakdown (in crores) ₹17.3₹10.4 ₹50.8 ₹10.9₹27.4 ₹2.4₹8.5 ₹54.8 ₹13.3₹11.6 Hybrid RiceSelection RiceMaizeVegetablesOthers Q2 FY27Q2 FY26 What moved the quarterHybridriceroseto₹17.33crfrom₹2.37cr,ledbyexportsSelectionricegrew22.2%andcotton41.7%YoYMaizewasdown7.4%andvegetablesdown17.6% 6
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Financial Performance –H1 FY27H1 FY27 versus H1 FY26 · Standalone · ₹ in crore Total Revenue 940.44vs 1,041.91 in H1 FY26 EBITDA 286.68vs 315.88 in H1 FY26 PAT 268.09vs 301.45 in H1 FY26 Standalone P&L Summary₹ in croreH1 FY27H1 FY26Revenue from Operations940.441,041.91Other Income9.6817.13EBITDA 286.68315.88EBITDA Margin30.48%30.32%PAT 268.09301.45EPS (₹) 52.1258.60 What shaped the halfQ2 growth of 29.84% partly offset Q1's 13.78% declineEBITDA margin broadly held at 30.48% vs 30.32% in H1 FY26Interim dividend of ₹5 per share (250%) declared 7
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Revenue Breakup –H1 FY27H1 FY27 versus H1 FY26 · Standalone · ₹ in crore Total Revenue 940.44vs 1,041.91 (9.7)% in H1 FY26 Non-Cotton 718.40vs 817.01 (12.1)% in H1 FY26 Cotton 222.04vs 224.90 (1.3)% in H1 FY26 Non-Cotton Revenue Breakdown (in crores) ₹264.4₹169.5₹188.5 ₹26.0₹70.1 ₹282.6 ₹166.1 ₹295.8 ₹31.7₹40.9 Hybrid RiceSelection RiceMaizeVegetablesOthers H1 FY27H1 FY26 What shaped the halfMaizewasthelargestdrag,down36.3%onloweracreageinKarnatakaSelectionricegrew2.0%YoYExportsrose2.63timesto₹33.07from₹12.56crinH1FY26 8
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Forward-Looking StatementsH1 FY27 Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Kaveri Seed Company Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. For further informationCS Rama NaiduManaging Partner, Intellect IR M: 9920209623E: rama@intellectpr.com 9
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Thank youKaveri Seed Company Limited | NSE: KSCL | BSE: 532899