Kerala Ayurveda - Kerala Ayurveda

📊 BSE: 530163 🏢 Pharmaceuticals 📅 Last Updated: 11/13/2025 15:25

💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents; however, the company transitioned from cumulative losses of INR 32.61 Cr (FY 2006-07 to FY 2012-13) to cumulative profits of INR 12.39 Cr (FY 2013-14 to FY 2017-18).

Geographic Revenue Split

Not disclosed in available documents, but operations are split between India (Kerala, Bangalore) and the USA (Milpitas, CA).

Profitability Margins

Cumulative profits of INR 12.39 Cr earned from FY 13-14 to FY 17-18, marking a recovery from previous cumulative losses of INR 32.61 Cr.

Capital Expenditure

Not disclosed in available documents, but assets include 8.50 acres at Manyali for Ayurvedagram Resort and 4 acres in Kerala for a new factory.

Credit Rating & Borrowing

The Katra Group provided an interest-free loan that peaked at INR 53.45 Cr in FY 2012-13. The waived interest value is estimated at INR 47.88 Cr based on a notional 10% simple interest rate.

⚙️ Operational Drivers

Raw Materials

Raw drugs, herbs, and traditional oils used for Ayurvedic formulations and treatments.

Import Sources

Sourced primarily from Kerala, India, including the Raw Drug Division in Kottai, Nedumbassery.

Capacity Expansion

Planned expansion includes a new factory on a 4-acre land parcel in Kerala and the development of Ayurvedagram Wellness Resorts (30 to 100 keys) via a JV with Sanghvi Brands.

Manufacturing Efficiency

Severely impacted by the 2018 floods, requiring extraordinary efforts for repair and refurbishment of units in Aluva and Nedumbassery.

📈 Strategic Growth

Expected Growth Rate

65%

Growth Strategy

Growth will be achieved through a Joint Venture with Sanghvi Brands Ltd to develop global Ayurvedagram Wellness Resorts, expansion of the US Academy (over 2,000 alumni), and the launch of new patented formulations (K-Series).

Products & Services

Ayurvedic medicines (Liposem+, Glymin+, Chyavanaprash, Myaxil), wellness services (Panchakarma, bodywork treatments), and educational certifications (Ayurvedic Wellness Counselor/Practitioner).

Brand Portfolio

Kerala Ayurveda, Ayurvedagram, KALPAM, Renovel Discoveries.

New Products/Services

New product launches include Liposem+, Glymin+, Cottage Products, and Lutein-based Eye Care products.

Market Expansion

Expansion into global markets (USA, Middle East, Indian Ocean) through a JV with Sanghvi Brands to operate Ayurvedic Spas in luxury hotels like Ritz Carlton and JW Marriott.

Strategic Alliances

Joint Venture with Sanghvi Brands Ltd; MoU with Benares Hindu University (BHU) for research and education; JV with Renovel Discoveries Inc (US).

🌍 External Factors

Industry Trends

The wellness industry is a $1 trillion opportunity; the complementary/alternative medicine sector grew 65% to $187 billion, driven by a desire for nature-based remedies.

Competitive Landscape

Competes in the luxury wellness and spa market alongside global brands like L'Occitane, Elemis, and Warren Tricomi.

Competitive Moat

Durable advantages include 130 man-years of scientific expertise, BHU research alliance, and accreditation from the States of California and Washington for its US Academy.