Despite the dip in profit, the company’s revenue rose by 19% to ₹883 crore, up from ₹742 crore a year ago.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) saw modest growth, increasing 4.2% to ₹57.8 crore from ₹55.4 crore. EBITDA margins also improved, rising from 6.5% to 7.4%.
The revenue growth was driven by strong performance in both the business-to-business (B2B) and retail and e-commerce segments. The B2B segment registered a 19% increase in value and a 22% rise in volume.
Meanwhile, the combined retail and e-commerce segment grew by 15%, with e-commerce alone posting an 18% increase in revenue to approximately ₹41 crore.
Nilkamal’s shares closed 2.89% higher on the BSE at ₹1,835, up ₹51.50 from the day’s opening price. The Q1 earnings report was released after market hours.
Nilkamal manufactures and sells home furniture, metal racking and storage systems, and bubbleguard for packaging, among other products. It operates through both B2B and retail and e-commerce channels in the Indian market.
In addition to its website, Nilkamal furniture is sold on platforms like Amazon, Flipkart, and Snapdeal.
In October last year, the company expanded its retail footprint by launching 60 offline ‘Nilkamal Homes’ stores through a combination of company-owned and franchise models.
The company also informed the Bombay Stock Exchange (BSE) of the appointment of Gautam G. Chakravarti as an Additional Independent Director on its board. The board approved his appointment for a five-year term, ending in 2030.
Chakravarti, 72, is a seasoned business leader with nearly five decades of experience across global and Indian companies, including Hindustan Unilever Ltd and Blackstone India.
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(Edited by : Ajay Vaishnav)
