StockWatch
·

NILKAMAL LTD.

BSE: 523385

P/L Snapshot

Q1 FY27 · standalone

vs Q3 FY26·vs Q1 FY26
Revenue
807.44
-14.2%-6.9%
Expenditure
776.04
-13.6%-9.2%
Net Profit
23.36
+8.4%+143.4%
OPM %
8.93%
+1.77pp+2.66pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.00267.39534.77802.161.1KQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q1 FY27
Price Chart
Reports

Nilkamal Q1: consolidated PAT up 59% to ₹24 Cr on margin lift as revenue slips 7%

furniture · material handling · margin expansion

ResultsQ1 FY2701 Aug 20263 minConsumer & Retail
Latest
Board Meeting1 Aug, 1:30 pm

Nilkamal Q1: consolidated PAT up 59% to ₹24 Cr on margin lift as revenue slips 7%

Nilkamal's Q1 FY27 print is a margin-led profit story on a shrinking topline. Consolidated revenue fell 7.2% YoY to ₹819.7 Cr (₹883.1 Cr a year ago), yet consolidated PAT rose 59% to ₹24.4 Cr from ₹15.3 Cr, lifting net margin to 2.98% from 1.73% and operating margin to 9.1% from 6.85%. There were no exceptional items on either side of the comparison, so the profit jump is underlying, not optical. Management attributes the revenue drop to a ~50% surge in key raw-material costs since March 2026 that cut B2B volumes 37%; proactive price hikes and mix optimisation held B2B value degrowth to 10% while improving gross margin. The swing driver is the Retail & E-commerce segment turning profitable: turnover grew 13% to ₹104 Cr and the segment posted EBIT of ₹1.68 Cr versus a ₹9.5 Cr loss a year ago (e-commerce +22%, stores +6%, network of 100 COCO/FOFO stores). Standalone tells an even sharper version — PBT and PAT both up ~145% to ₹31.4 Cr and ₹23.4 Cr — the divergence from the +59% consolidated figure reflecting a higher consolidated year-ago base; readers should anchor on the consolidated PAT of ₹24.4 Cr as the primary number. Sequentially the result is well below Q4 FY26 (revenue ₹965 Cr, PAT ₹41.7 Cr), but Q4 is seasonally the strongest quarter for furniture/durables, so the QoQ step-down is largely seasonality rather than deterioration. Nilkamal gives no formal earnings guidance and no brokerage consensus previews exist for this small-cap, so there is no external bar to grade against. Concurrent developments: capex rose to ₹41 Cr (from ₹36 Cr), net borrowing fell sharply to ₹116 Cr from ₹331 Cr a year ago, and CARE reaffirmed CARE AA (Stable)/A1+. The read into next quarter hinges on whether raw-material costs ease enough to revive B2B volumes without giving back the pricing-led margin gains, and whether Retail can hold its newly positive EBIT.

1 Aug 2026, 01:30 pm

Corporate Events

Board MeetingNILKAMAL
2026
1Aug

Board Meeting

The meeting of the Board of Directors is convened to conside…

BSE Filing
Board MeetingNILKAMAL
2026
17Jul

Board Meeting

The 40th Annual General Meeting of the Company is scheduled …

BSE Filing
DividendNILKAMAL
2026
10Jul

₹20 / share

BSE Filing
Board MeetingNILKAMAL
2025
5Feb

Board Meeting

consider and approve Unaudited Financial Results (standalone…

BSE Filing
Board MeetingNILKAMAL
2024
28Oct

Board Meeting

Consideration And Approval Of Standalone And Consolidated Un…

BSE Filing
Board MeetingNILKAMAL
2024
14May

Board Meeting

Proposal to raise funds by issue of Non-convertible debentur…

BSE Filing
Board MeetingNILKAMAL
2024
31Jan

Board Meeting

Consideration and approval of Standalone and Consolidated Un…

BSE Filing
Board MeetingNILKAMAL
2023
1Nov

Board Meeting

Proposal to raise funds by issue of Non-convertible Debentur…

BSE Filing