Nilkamal Limited has informed the Exchange about Chairman Statement made at the 39th AGM of the Company held today on July 18, 2025.
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Nilkamal's Chairman addressed shareholders at the 39th AGM held on July 18, 2025. Revenue grew modestly to Rs. 3,239 crores from Rs. 3,134 crores in FY24, but Profit After Tax fell to Rs. 91 crores from Rs. 107 crores, hit by losses in the Retail segment due to brand-building and engagement costs. The company merged its @Home and Nilkamal Furniture Ideas brands into a unified identity 'Nilkamal Homes', launched in October 2024. A final dividend of Rs. 20 per share (200%) was recommended, totaling Rs. 29.84 crores in payout. Capex of Rs. 320 crores was incurred in FY25, including greenfield facilities at Hosur for modular furniture and foam, with another Rs. 130 crores planned for FY26.
Mixed signals for shareholders — steady revenue growth but a clear profit dip from retail restructuring costs. The heavy capex into modular furniture, foam backward integration, and the retail rebranding signals a growth-focused strategy, though near-term margins may remain under pressure until the new investments pay off. The 200% dividend offers some income support despite the earnings decline.