KSE Ltd, a leading manufacturer of cattle feed and dairy products, plans to expand into Karnataka as part of its expansion activities.

The Kerala-based company has acquired the land and building of an industrial unit at Nanjangud near Mysore where it plans set up the ₹20-25 crore cattle feed production unit. “The 500-tonne facility is expected to be ready for operations within two years,” said R Sankaranarayanan, Chief Financial Officer and Company Secretary.

The plant will also cater to the markets of northern Kerala. “Already we have a presence in Karnataka with feed from Tamil Nadu units. But, there are logistical disadvantages. We want to make our presence felt, given the receptive market in Karnataka”, he told Business Line .

Riding on the comfort of cheaper and steady price of feed ingredients and higher coconut oil price, the company has also improved its financial performance in FY18. It achieved a gross revenue of ₹1,304.17 crore, a growth of 25 per cent compared to previous fiscal. PAT and PBT has also improved to ₹108.65 crore and ₹69.63 crore respectively. The EPS reported per equity share of ₹10 each is ₹217.58 against the previous year figure of ₹51.13 per share. The Board has recommended a dividend of ₹60 per share of ₹10 each (600 per cent).

KSE is having three product segments such as animal feed, oil cake processing and dairy products. The quantity of feed sales has gone up by nearly 14.60 per cent to 5.33 lakh tonnes compared to 4.65 lakh tonnes. The processing of coconut cake also improved by nearly 4.81 per cent to 96,709 tonne against 92,273 tonnes.

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