Kriti Industries sees Q2 sales volume and revenue decline amid seasonal challenges

Kriti Industries (India) Limited experienced a challenging Q2-FY26, with total sales volumes declining by 26% year-on-year to 7,472 MT. The agriculture segment saw a 33% decline to 4,842 MT due to a delayed monsoon and cautious channel stocking. Similarly, the building products segment recorded a 33% year-on-year decline to 1,378 MT, impacted by continuous rainfall and softer retail sentiment. Despite these downturns, the industrial solutions segment demonstrated strong growth, delivering 1,252 MT, a 64% increase year-on-year, driven by institutional orders and steady project demand.

Financially, the company reported a Q2-FY26 total revenue of INR 857 Mn, alongside an EBITDA of INR (42) Mn and a net loss of INR (97) Mn. For H1-FY26, total revenue stood at INR 3,098 Mn, with an EBITDA of INR 110 Mn and a net loss of INR (24) Mn. The diluted EPS for Q2-FY26 was INR (1.73), and for H1-FY26, it was INR (0.43).

The overall performance during the quarter was influenced by seasonal factors, extended monsoon conditions, and subdued rural demand, which collectively led to lower overall volumes. The company's products are sold under the "Kasta" brand, with a strong distribution network of over 400 dealers across 16 states in India.