KAVERI SEEDS Q1

• Strong quarter led by higher acreages & realizations in non-cotton crops (rice, maize, vegetables). • Hybrid Rice: Vol ↑6.5%, Rev ↑32% despite Punjab sowing curbs. • Maize: Vol ↑21%, Rev ↑54%. • Vegetables: Vol ↑28%, Rev ↑41%. • Non-Cotton Hybrids: Vol ↑8%, Rev ↑31%. • Cotton Hybrids: Vol ↓15% due to illegal seeds; new products’ share in cotton ↑ to 34% (vs 12% LY). • Revenue growth in non-cotton segments outpaced volume growth, aided by premium product mix. • Management upbeat on future growth from new cotton products and robust demand in hybrid seeds.