Kaival Brands Innovations (KAVL) Gross Margin (2020 - 2026)
Kaival Brands Innovations (KAVL) reported Gross Margin of 100.00% for fiscal Q2 2026 (quarter ended Apr 30, 2026), unchanged from 100.00% a year earlier.
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Analysis
Kaival Brands Innovations (KAVL) Gross Margin (2020 - 2026) Analysis & Trends
Over the twelve months ended Apr 30, 2026, Kaival Brands Innovations' Gross Margin came in at 87.44%, up 19.30 percentage points year-over-year.
- Gross Margin has increased for three consecutive fiscal years, with a five-year change of +84.46 percentage points (FY2020 to FY2025).
- By fiscal year, Gross Margin came in at 37.83% in FY2024 (+18.16 pp), 19.67% in FY2023 (+9.95 pp), 9.72% in FY2022 (-10.37 pp) and 20.10% in FY2021 (+4.56 pp).
- Five-year quarterly Gross Margin spans a low of -24.31% in fiscal Q1 2022 and a high of 669.76% in fiscal Q4 2021.
- Year over year, Gross Margin gained in six of the last seven quarters, with an average year-over-year change of +40.32 percentage points.
- The high point for year-over-year Gross Margin in five years was fiscal Q4 2021 (a gain of 637.96 percentage points); the low point was fiscal Q4 2022 (a drop of 632.68 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn | 68.67% |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - | - |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn | 64.27% |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn | 35.41% |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn | 48.34% |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn | 64.30% |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn | 47.09% |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn | 45.25% |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn | 38.48% |
| 10 | Kaival Brands Innovations | 312,505.79 | -1.43 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 30, 2026 | 100.00% |
| Oct 31, 2025 | 100.00% |
| Jul 31, 2025 | 100.00% |
| Apr 30, 2025 | 100.00% |
| Jan 31, 2025 | 100.00% |
| Oct 31, 2024 | 73.32% |
| Jul 31, 2024 | 51.67% |
| Apr 30, 2024 | 22.44% |
| Jan 31, 2024 | 37.31% |
| Oct 31, 2023 | 21.70% |
| Jul 31, 2023 | 36.30% |
| Apr 30, 2023 | -4.11% |
| Jan 31, 2023 | 21.38% |
| Oct 31, 2022 | 37.07% |
| Jul 31, 2022 | 11.47% |
| Apr 30, 2022 | 12.54% |
| Jan 31, 2022 | -24.31% |
| Oct 31, 2021 | 669.76% |
| Jul 31, 2021 | -2.64% |
| Apr 30, 2021 | 33.52% |
API Access
Kaival Brands Innovations Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=KAVL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "KAVL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=KAVL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();