KRBL Ltd
NSE:KRBL
KRBL Ltd
KRBL Ltd. operates as a holding company. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2002-03-18. The firm is engaged in seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing of basmati rice. The company operates in Domestic Agri-division, which includes agricultural commodities, such as rice, Furfural, seed, bran and bran oil, and others; and Power division, which includes power generation from wind turbine, husk-based power plant and solar power plant. The firm's geographical segments include Sales within India and Sales outside India, including the Middle East and Other than the Middle East. The firm offers its rice under a range of brands, including India Gate, Nur Jahan, Telephone, Train, Unity, Lotus, Lion, Doon, Aarati, Shubh Mangal, Al Wisam, Al Bustan, Alhussam, Blue Bird, City Palace, Necklace, Southern Girl, Taj Mahal Tilla, Bemisal and Indian Farm, among others. The company exports its products to Saudi Arab, Iran, Iraq, Yemen Republic, Kuwait, and others.
KRBL Ltd. operates as a holding company. The company is headquartered in Noida, Uttar Pradesh. The company went IPO on 2002-03-18. The firm is engaged in seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing of basmati rice. The company operates in Domestic Agri-division, which includes agricultural commodities, such as rice, Furfural, seed, bran and bran oil, and others; and Power division, which includes power generation from wind turbine, husk-based power plant and solar power plant. The firm's geographical segments include Sales within India and Sales outside India, including the Middle East and Other than the Middle East. The firm offers its rice under a range of brands, including India Gate, Nur Jahan, Telephone, Train, Unity, Lotus, Lion, Doon, Aarati, Shubh Mangal, Al Wisam, Al Bustan, Alhussam, Blue Bird, City Palace, Necklace, Southern Girl, Taj Mahal Tilla, Bemisal and Indian Farm, among others. The company exports its products to Saudi Arab, Iran, Iraq, Yemen Republic, Kuwait, and others.
Revenue & Margins: KRBL reported Q3 consolidated revenue of INR 1,476 crores, with gross margin improving to 30.2% from 24% last year and EBITDA margin increasing to 16.9% from 12%.
Export Growth: Despite Q3 export revenue dropping to INR 357 crores from INR 563 crores YoY due to geopolitical tensions, 9-month export revenue rose by 21% to INR 1,276 crores.
Domestic Business: Domestic revenue (excluding power) for Q3 was INR 1,104 crores, flat YoY, but 9-month domestic revenue grew 6% to INR 3,215 crores; branded non-basmati rose 35% over 9 months.
Market Share: KRBL maintained leading market shares: 37.8% in general trade, 39.3% in modern trade, and 41.2% in e-commerce.
Inventory & Cash: Inventory as of Dec 31, 2025, was INR 3,941 crores, and cash on balance sheet was around INR 400 crores; net bank borrowings improved to negative INR 388 crores.
Outlook & Guidance: Management expects Q4 EBITDA margin to improve by 200-250 bps and projects at least 15% export volume growth for next year, with domestic growth guidance in mid- to high-single digits or low double digits.
Strategic Initiatives: Ongoing expansion in distribution, new product launches, and investments in brand and supply chain; Panipat land project to support future packaging capacity.
