Nilkamal Limited Posts 14% Revenue Growth in FY26; Board Recommends ₹20 Final Dividend

Nilkamal Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 14, 2026. The company reported standalone revenue of ₹3,686 crores for FY26, reflecting a 14% year-on-year growth over ₹3,239 crores in FY25. The statutory auditors, M/s. S R B C & Co. LLP, Chartered Accountants, issued an unmodified opinion on both the standalone and consolidated audited financial results.

Key Financial Highlights

The following table presents a summary of key financial metrics for FY26 and FY25 (₹ in Crores):

Particulars: Standalone FY25-26 Standalone FY24-25 Consolidated FY25-26 Consolidated FY24-25 Net Sales: 3,686 3,239 3,778 3,313 PAT: 105 91 116 107 Basic EPS (₹): 70 61 77 71 Cash EPS (₹): 165 141 173 152 Book Value: 983 932 1,057 997

Note: Figures rounded off to the nearest integer as per the company's press release.

The company also recorded EBITDA of ₹320 crores, up 14% year-on-year, and profit before tax (PBT) of ₹135 crores, also up 14%. On a standalone basis, the audited financial results (₹ in Lakhs) show total income of ₹3,71,403.79 lakhs for FY26 compared to ₹3,25,385.85 lakhs in FY25, with net profit after tax of ₹10,512.94 lakhs versus ₹9,127.08 lakhs in the previous year. Standalone basic and diluted EPS stood at ₹70.45 for FY26 against ₹61.16 in FY25.

Quarterly Performance

For Q4 FY26, the following table presents standalone and consolidated performance (₹ in Lakhs):

Particulars: Standalone Q4 FY26 Standalone Q4 FY25 Consolidated Q4 FY26 Consolidated Q4 FY25 Revenue from Operations: 94,102.11 87,658.76 96,517.76 89,400.98 Total Income: 95,032.34 88,321.16 96,898.14 89,622.11 Net Profit after Tax: 4,110.90 3,476.45 4,168.64 3,422.47 Basic & Diluted EPS (₹): 27.55 23.30 27.82 22.87

Segment Performance

The company operates through two reportable segments — Business to Business (B2B) and Retail & E-commerce. The B2B segment, which includes sales to industrial customers and channel partners, achieved standalone revenue of ₹3,278 crores in FY26 compared to ₹2,890 crores in FY25, registering a growth of 13% in value and 9% in volume terms. Within B2B, the Material Handling Business grew by 13%, the Mattress and Foam Business grew by 65%, the Bubbleguard business grew by 27%, and the Ready Furniture business grew by 32%, while the Plastic Furniture business remained muted.

The Retail & E-commerce segment recorded a standalone turnover of ₹408 crores in FY26 compared to ₹349 crores in FY25, a growth of 17%. The E-commerce business grew by 19%, while retail through stores grew by 16%. The segment reported a negative EBIT of ₹7 crores against a negative EBIT of ₹18 crores in the previous year, reflecting an improvement. During the year, the company opened 24 new stores and closed 7 stores; as of the reporting date, the company is operating 31 stores while 70 stores are under franchisee arrangement.

Segment-Wise Revenue (₹ in Lakhs)

Segment: Standalone FY26 Standalone FY25 Consolidated FY26 Consolidated FY25 Business to Business: 3,27,796.77 2,88,841.31 3,36,963.69 2,96,183.58 Retail and Ecommerce: 40,842.09 35,090.48 40,842.09 35,090.48 Total Revenue from Operations: 3,68,638.86 3,23,931.79 3,77,805.78 3,31,274.06

Capital Expenditure, Borrowings, and Sustainability

The capex spend during FY26 stood at ₹144 crores compared to ₹280 crores in FY25. The net borrowing of the company stood at ₹181 crores as on March 31, 2026, as against ₹272 crores as on March 31, 2025. The company noted that since March 2026, raw material prices increased by approximately 50% due to geopolitical situations, leading to global volatility and supply disruptions. In response, the company implemented calibrated pricing strategies and optimised its product mix. During the year, the company increased its share of consumption of renewable energy to 28%, and its Hosur unit was recognised with a Gold award by CII for energy conservation and green company standards.

Consolidated Results and Corporate Actions

On a consolidated basis, net sales for FY26 stood at ₹3,778 crores compared to ₹3,313 crores in FY25. Consolidated PAT stood at ₹116 crores, after accounting for ₹15 crores as a one-time increase in employee benefit liability due to new labour codes, against ₹107 crores in FY25. Consolidated basic and diluted EPS for FY26 was ₹77.45 versus ₹71.32 in the previous year. The consolidated results include the performance of subsidiaries — Nilkamal Eswaran Plastics Private Limited and Nilkamal Eswaran Marketing Private Limited (Sri Lanka), Nilkamal Crates and Bins FZE (Ajman, UAE), and Nilkamal Foundation (India) — as well as joint venture Cambro Nilkamal Private Limited (India).

The Board of Directors recommended a final dividend of ₹20/- (200%) per equity share of ₹10 each for FY26, subject to shareholder approval at the 40th Annual General Meeting scheduled for July 17, 2026, at 11:00 a.m. in Mumbai via Video Conferencing/Other Audio-Visual Means. The dividend, if approved, will be paid on or after July 24, 2026, to equity shareholders on record as of the close of July 10, 2026. The register of members and share transfer books will remain closed from July 11, 2026 to July 17, 2026 (both days inclusive).

Nilkamal Limited has intimated BSE Limited and the National Stock Exchange of India Limited regarding the resignation of Mr. Murtaza Taherbhai Manglorwala, Associate Vice President - Category Management, Furniture Division, who held the designation of Senior Management Personnel (SMP) at the company. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was filed on May 13, 2026.

Resignation Details

Mr. Murtaza Taherbhai Manglorwala submitted his resignation letter dated May 13, 2026, citing his intent to pursue new challenges and opportunities. The company acknowledged the resignation and confirmed that he will be relieved from his duties with effect from the close of business hours on June 15, 2026. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The key details of the disclosure, as provided under Annexure A of the regulatory filing, are summarised below:

Parameter: Details Name: Mr. Murtaza Taherbhai Manglorwala Designation: Associate Vice President - Category Management, Furniture Division Role: Senior Management Personnel (SMP) Reason for Change: Resignation to pursue new challenges and opportunities Date of Cessation: June 15, 2026 Brief Profile (Appointment): Not Applicable Relationship with Directors: Not Applicable

Resignation Letter Highlights

In his resignation letter addressed to Mr. Manish Parekh, Joint Managing Director of Nilkamal Limited, Mr. Manglorwala formally tendered his resignation from the position of Associate Vice President - Category Management, Furniture Division, effective the closing hours of June 15, 2026. He expressed appreciation for the support and opportunities received during his tenure, describing the experience as valuable and enriching. He also conveyed his gratitude for the opportunity to contribute to the organisation's growth and success.

Regulatory Compliance

The intimation was signed by Sagar Mehta, Company Secretary and Compliance Officer of Nilkamal Limited, and the disclosure has also been made available on the company's website. The filing confirms the company's adherence to its obligations under the applicable SEBI listing regulations governing the disclosure of changes in senior management personnel.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.