Kamdhenu Q4 FY26 earnings call: Revenue & Margins

Future growth expectations for Kamdhenu Limited in sales, revenue, and volumes are as follows: - **Volume Growth**: Expecting around 10% annual volume growth, consistent with past 2-3 years performance. - **Royalty Income**: Planned increase in royalty rate by 10-15% annually, enhancing revenue growth beyond volume gains. - **Franchisee Network**: Expansion focus primarily on South India with addition of new franchisees; existing units to increase capacity. - **Revenue Growth**: Royalty-led revenue model to contribute an increasing share of overall earnings, supporting sustainable revenue growth. - **Market Penetration**: Deepening presence in underpenetrated markets, especially the South, to capture larger market share.

The transcript provided does not explicitly mention details about Kamdhenu Limited's current or expected order book or pending orders. However, some relevant insights can be drawn: - Kamdhenu's TMT bars are used widely across infrastructure projects, including railways, airports, highways, and residential construction, indicating consistent demand. - The company noted strong growth opportunities driven by government infrastructure capex of INR12.2 lakh crores and initiatives like National Steel Policy, Make in India, and Atmanirbhar Bharat. - Management highlighted increasing franchisee volume growth and expansion plans, especially in underpenetrated regions like South India.