Kaveri Seed Company Limited, one of India’s leading agri-biotech and hybrid seed innovators, reported a robust set of financial results for the quarter ended June 30, 2025. The company delivered revenue from operations of Rs 945.31 crore, a 16.98 percent increase over Rs 808.09 crore recorded in the same quarter last year. EBITDA stood at Rs 332.85 crore, rising 13.68 percent from Rs 292.79 crore in Q1 FY25, while profit after tax came in at Rs 316.50 crore, up 11.88 percent from Rs 282.91 crore a year ago. Cash on books stood at Rs 477 crore compared to Rs 605 crore in the corresponding period last year.

Operationally, the quarter underscored the company’s pivot toward non-cotton hybrids, which continue to be the key growth engine. The contribution of new products to cotton volumes surged from 12 per cent to 34 per cent, positioning the company for stronger performance in subsequent quarters. However, overall cotton hybrid volumes declined 15 per cent, with revenues impacted by the prevalence of illegal cotton seeds in the market.

In contrast, the non-cotton portfolio posted impressive gains. Hybrid rice volumes grew 6.48 per cent, while revenues climbed 32 per cent despite regulatory restrictions in Punjab that limited cultivation. Selection rice registered a modest volume increase of 1.30 percent, accompanied by an 11.58 per cent revenue rise. Maize continued to be a standout performer, with volumes surging 21 per cent and revenues expanding by 54 per cent. Vegetable seeds also posted strong results, with sales volumes advancing 28 per cent and revenues up 41 percent. Collectively, non-cotton hybrid volumes rose 8 percent, translating into a 31 per cent increase in revenues.

Commenting on the results, G.V. Bhaskar Rao, Chairman and Managing Director of Kaveri Seed, said the performance highlighted both the resilience of the company’s diversified portfolio and the structural shift underway in Indian agriculture. “We are delighted to report a strong quarter, with revenue growth led by rising acreages and higher realizations in non-cotton hybrids such as rice, maize, and vegetables. The growing contribution of new products in cotton—from 12 per cent to 34 per cent—will be a major growth driver for the coming quarters. Despite restrictions in Punjab, our hybrid rice business delivered double-digit revenue growth. Importantly, we see a structural trend where revenue growth is outpacing volume growth across non-cotton segments—an encouraging shift that we expect to sustain in the years ahead.”

Looking ahead, the company remains optimistic about strengthening its position in both cotton and non-cotton hybrids. With maize, rice, and vegetable seeds showing accelerating demand and strong realization-led growth, Kaveri Seed expects to maintain its growth momentum through FY26 while continuing to innovate across product lines.