Narmada Gelatines Limited reported a strong start to FY26, with standalone net profit rising 64% year-on-year to ₹8.19 crore in the quarter ended June 30, 2026. The growth was driven by a 23% surge in revenue from operations to ₹56.37 crore, reflecting sustained demand for its gelatine and DCP products. Consolidated net profit increased by 56% to ₹9.33 crore, supported by operational efficiency and contributions from its associate company.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 12, 2026, following recommendations from the Audit Committee. The results were subjected to a limited review by statutory auditors Lodha & Co LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Highlights

Standalone revenue from operations stood at ₹56.37 crore, compared to ₹45.77 crore in the corresponding quarter of the previous year. Total income for the standalone entity reached ₹56.51 crore, including other income of ₹0.14 crore. Consolidated total income mirrored the standalone figure at ₹56.51 crore, as the associate’s contribution is accounted for below the operating profit line.

What the Numbers Show

The consolidated net profit includes a share of profit from India Gelatine and Chemicals Limited (IGCL), an associate of the company. IGCL contributed ₹1.14 crore to the consolidated profit before tax in Q1FY26, up from ₹1.00 crore in Q1FY25. This associate contribution accounts for approximately 9% of the consolidated profit before tax, highlighting the strategic importance of the joint venture in overall profitability. Excluding this share, the core operational profit before tax for the group remained stable at ₹10.95 crore, matching the standalone figure.

Expenses were managed effectively despite the revenue surge. Cost of materials consumed rose to ₹27.20 crore from ₹25.96 crore, while employee benefits expense increased to ₹5.11 crore from ₹4.43 crore. Finance costs declined marginally to ₹0.15 crore from ₹0.24 crore. The company operates in a single reportable segment comprising gelatine and DCP manufacturing, as per Ind AS 108 aggregation criteria.

The statutory auditors, Lodha & Co LLP, issued their limited review report on August 12, 2026. The report confirms that the financial statements have been prepared in accordance with Ind AS 34 and do not contain any material misstatement. The auditors relied on the work of another auditor for the associate company, India Gelatine and Chemicals Limited, whose financials reflect a share of profit of ₹1.14 crore for the quarter.

Narmada Gelatines Limited has fixed Wednesday, August 12, 2026, as the record date to determine shareholder eligibility for a proposed dividend of ₹11 per equity share. The Board of Directors has recommended a final dividend of 110% for the financial year 2025-26, subject to approval by shareholders at the upcoming Annual General Meeting (AGM). The company will conduct its 65th AGM on Wednesday, August 19, 2026, at 11:00 a.m. IST through Video Conferencing and Other Audio Visual Means.

The recommended dividend of ₹11 per share is payable on equity shares of ₹10 each fully paid-up. The company has stated that dividend income is taxable in the hands of shareholders effective April 1, 2020. Consequently, Narmada Gelatines is required to deduct tax at source (TDS) on dividend payments in accordance with the Income Tax Act, 1961. Shareholders have been advised to update their residential status, PAN, and category details with their Depository Participants or the company by August 12, 2026, to ensure the correct TDS or withholding tax rate is applied.

Dividend and Tax Details

The dividend will be paid to those members whose names appear on the Register of Members as on the record date. In respect of shares held in electronic mode, the dividend will be paid to members whose names are furnished by the National Security Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as the beneficial owners on August 12, 2026. The payment of dividend is scheduled to be made after Thursday, August 20, 2026.

Shareholder Communication and Compliance

Narmada Gelatines is distributing electronic copies of the AGM notice and the Annual Report for FY 2025-26 to members whose email IDs are registered with the company or its Registrar and Share Transfer Agent, MUFG Intime India Private Limited. For members without registered email addresses, the company is sending a letter containing the specific web link to access the reports. Physical copies of the notice and Annual Report will be provided only upon request.

The remote e-voting facility will be available from Sunday, August 16, 2026, at 9:00 a.m. to Tuesday, August 18, 2026, at 5:00 p.m. The proceedings of the AGM are deemed to be conducted at the Registered Office of the Company situated at CARAVS, Room No. 28, 15, Civil Lines, Jabalpur. The attendance of members participating via video conference will be counted towards the quorum under Section 103 of the Companies Act, 2013.