Nilkamal Limited has informed the Exchange regarding a press release dated July 29, 2025, titled "Press Release on results for the first quarter ended June 30, 2025".
NILKAMAL · price
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Nilkamal Limited's Board approved the unaudited Q1 FY26 (quarter ended June 30, 2025) financial results with an unmodified auditor opinion. Standalone revenue grew 19% year-on-year to ₹864 crores, driven by the B2B segment (₹773 crores, up 19% in value and 22% in volume) and Retail & E-commerce (₹92 crores, up 15%, with e-commerce alone at ₹41 crores, up 18%). However, standalone profit after tax fell to ₹10 crores from ₹14 crores, and consolidated PAT dropped to ₹15 crores from ₹18 crores, reflecting margin pressure especially in the furniture trade and a 30% decline in the institutional furniture (Nilkamal Edge) business. Net borrowings nearly doubled to ₹331 crores from ₹173 crores a year ago, and the company plans roughly ₹150 crores of capex in FY26. The Board also appointed Mr. Gautam G. Chakravarti (former Hindustan Unilever and Blackstone India executive) as an Additional Independent Director for five years, subject to shareholder approval via postal ballot with e-voting cutoff on August 15, 2025. Credit ratings were reaffirmed at CARE AA Stable for the long term and A1+ for the short term.
Mixed quarter for shareholders: strong topline growth was offset by shrinking profits, margin compression in furniture trade, weak institutional furniture sales, and sharply higher borrowings. Near-term stock sentiment may stay cautious until margin recovery, capex utilization at the new Hosur unit, and the new director's contribution become clearer. The governance change is positive but largely neutral on near-term operations.