Nilkamal‍‌‍‍‌‍‌‍‍‌ Reports 18% Increase in Second Quarter Profit, Revenue Touches ₹948 Crore

Mumbai, 6 November 2025: Nilkamal Limited posted strong Q2FY26 results, with standalone net profit after tax rising 18% to ₹33 crore from ₹28 crore in Q2FY25. Revenue also grew 18% to ₹948 crore, driven by robust performance in the B2B and e-commerce segments.

Operational and Segment Performance

The B2B segment, the main growth driver for the company, recorded an 18% increase in business value and a 13% rise in volume. Material handling within this division grew 20%, while the mattress and foam segment surged 65%, supported by increased brand engagement and wider distribution.

The retail and e-commerce segments also performed strongly, with revenue reaching ₹110 crore, up 21% YoY. E-commerce alone contributed ₹52.4 crore, a 23% increase from the previous year.

During the quarter, Nilkamal expanded its FDD network by opening 13 new stores while closing three, taking the total number of stores to 96, covering more than 6.75 lakh sq ft.

EBIT improved from a loss of ₹0.44 crore in Q2FY25 to a profit of ₹1.4 crore in Q2FY26. Capital expenditure declined to ₹42 crore from ₹99 crore last year, while net borrowings increased to ₹376 crore from ₹305 crore as of September 30, 2025.

Overview of Consolidated Financials

The consolidated revenue of Nilkamal was ₹972 crore as compared to ₹824 crore in Q2FY25. The profit before tax increased to ₹45 crore, while net profit after tax was raised from ₹32 crore to ₹34 crore a year ago. Also, Sri Lanka and UAE subsidiaries have been positive for revenues and profits through product diversification and continuous demand.

Management Commentary

The company secretary, Sagar Mehta, said that despite a cautious macroeconomic environment, Nilkamal was still able to continue with the strong momentum of its business segments. He highlighted product diversification – digital expansion under the Nilkamal Homes brand – and the deeper engagement of institutional and retail customers as the main contributors to this growth.

Overview of the Stock Market Performance

Shares of Nilkamal (NSE: NILKAMAL, BSE: 523385) ended 2.90% higher at ₹1,545.00. The market capitalisation for the stock was at nearly ₹2,200 crore and its P/E ratio was at 21.5×.

REF:https://nsearchives.nseindia.com/corporate/NILKAMAL_06112025134238_SE_UFR_30092025.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations