Nandani Creation reported a 48.6% decline in net profit to ₹183.60 crore for the financial year ended March 31, 2026, despite a 59.9% increase in revenue from operations to ₹11,117.13 crore. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026.

The statutory auditor, M/s PC Modi & Co., issued an audit report with an unmodified opinion on the financial results. The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013. The report confirms that the financial results present a true and fair view in conformity with the Indian Accounting Standards (Ind AS).

For the quarter ended March 31, 2026, the company reported a net profit of ₹66.66 crore, a decrease from ₹46.79 crore in the same period the previous year. Revenue from operations for the quarter stood at ₹2,961.25 crore, compared to ₹1,977.53 crore in the corresponding quarter of the previous year.

The total comprehensive income for the year ended March 31, 2026, was ₹177.25 crore, down from ₹361.72 crore in the previous year. The company’s paid-up equity share capital increased to ₹1,909.07 crore as of March 31, 2026, from ₹1,726.16 crore in the previous year.

Financial Performance

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹198.43 crore for the year ended March 31, 2026, compared to ₹371.09 crore in the previous year. Revenue from operations for the consolidated entity rose to ₹11,264.16 crore from ₹6,964.13 crore in the prior year. The consolidated results include the financials of its subsidiary, Desi Fusion India Private Limited.

The board also approved the statement of assets and liabilities as of March 31, 2026, and the cash flow statement for the financial year. The trading window for dealing in the company’s securities will reopen 48 hours after the declaration of the financial results.

Nandani Creation Limited has officially announced its strategic partnership with Reliance Fashion Factory through a press release dated April 23, 2026, under Regulation 30. This collaboration marks a significant milestone in the company's expansion strategy, enabling the women's ethnic wear brand "Jaipur Kurti" to extend its retail footprint across more than 25 Fashion Factory stores.

Partnership Overview

The alliance with Reliance Fashion Factory, formerly Brand Factory, represents India's largest retail chain of discount fashion hubs. This partnership provides Nandani Creation with access to an established network that offers high-end national and international brands at significantly reduced prices throughout the year.

Strategic Benefits and Operational Improvements

The collaboration addresses critical operational challenges in the retail fashion sector, focusing on inventory optimization and working capital efficiency. According to the company, this partnership creates a structured channel for liquidating aged and slow-moving stock while unlocking capital stuck in low sales-through inventory.

Key Operational Advantages

Reliance Fashion Factory operates on a "Fashion 365 Days" promise, ensuring discounts are available year-round. The stores serve as one-stop destinations for various fashion needs, including western wear, ethnic Indian wear, footwear, and accessories.

Management Commentary

Anuj Mundhra, Chairman & Managing Director of Nandani Creation Limited, commented on the partnership: "This partnership with Reliance Fashion Factory will deepen our presence in the value retail segment and aligns with our strategic focus on capital efficiency. The successful completion of stock churning reflects our continued focus on disciplined inventory management and working capital efficiency."

He further added: "This initiative enables us to unlock value from existing inventory through a structured and scalable channel, thereby improving inventory turns, reducing holding costs, and optimizing working capital deployment. It also supports better demand-supply alignment across our primary sales channels, helping protect margins and improve overall sell-through."

Existing Retail Network

Beyond this new partnership, Nandani Creation operates an extensive retail network including 8 company-owned company-operated (COCO) stores across major cities and 5 franchise-owned franchise-operated (FOFO) stores. The company also maintains presence in 22+ Shoppers Stop stores, 80+ SIS stores, 80+ Reliance Trends stores, 35+ Avantara & Kalanikethan stores, and 20+ Reliance Centro stores.

The company also retails through major e-commerce platforms and maintains its proprietary website at www.jaipurkurti.com , along with mobile applications available on both App Store and Play Store. Additionally, Nandani Creation has expanded into quick commerce through Swiggy InstaMart for rapid delivery and increased accessibility.