News Earnings Nilkamal Q3FY26 Results: Revenue Grows 12% to ₹933 Cr, EBITDA Surges 50% to ₹91 CrNilkamal Q3FY26 Results: Revenue Grows 12% to ₹933 Cr, EBITDA Surges 50% to ₹91 Cr
Nilkamal Limited announced strong Q3FY26 results with revenue growing 12% to ₹933 crores and EBITDA surging 50% to ₹91 crores. The Board meeting on February 5, 2026 approved unaudited results showing robust performance across B2B (12% growth) and retail segments (13% growth), though exceptional items of ₹15.41 crores related to new labour codes impacted profitability.
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Nilkamal Limited announced its Q3FY26 financial results following the Board of Directors meeting held on February 5, 2026, demonstrating strong operational performance with significant revenue growth and substantial EBITDA expansion across both business segments.
Board Meeting and Regulatory Compliance
The Board of Directors meeting commenced at 12:30 p.m. and concluded at 02:00 p.m. on February 5, 2026, where they approved and took on record the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. The company confirmed that the Limited Review Report issued by Statutory Auditors carries an unmodified opinion, ensuring compliance with SEBI Listing Regulations.
Revenue Performance
The company achieved robust revenue growth in Q3FY26, with standalone revenue reaching ₹933 crores compared to ₹832 crores in Q3FY25. This represents a solid 12% year-on-year growth, reflecting strong market demand and effective business execution across segments.
| Revenue Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Standalone Revenue: | ₹933 crores | ₹832 crores | +12.0% |
| Consolidated Revenue: | ₹962 crores | ₹854 crores | +12.6% |
EBITDA and Profitability Analysis
Nilkamal demonstrated exceptional operational efficiency with EBITDA performance showing remarkable improvement. The company reported EBITDA of ₹91 crores in Q3FY26 compared to ₹60 crores in Q3FY25, representing outstanding growth of 50%. However, profitability was impacted by exceptional items of ₹15.41 crores related to incremental provision for employee benefits under new labour codes.
| Profitability Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| EBITDA: | ₹91 crores | ₹60 crores | +50.0% |
| PBT (Before Exceptional): | ₹43 crores | ₹19 crores | +120.0% |
| PBT (After Exceptional): | ₹27 crores | ₹19 crores | +40.0% |
| Standalone PAT: | ₹22 crores | ₹15 crores | +47.0% |
| Consolidated PAT: | ₹25 crores | ₹22 crores | +14.0% |
Segment-wise Performance
The B2B segment achieved strong growth of 12% in value terms and 6% in volume terms, with revenue reaching ₹823 crores compared to ₹735 crores in Q3FY25. Within this segment, Material Handling Business grew by 6%, Mattress and Foam Business surged by 68%, Bubbleguard business expanded by 33%, and Furniture business increased by 16%.
| Segment Performance: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| B2B Segment: | ₹823 crores | ₹735 crores | +12.0% |
| Retail & E-commerce: | ₹110 crores | ₹97 crores | +13.0% |
| E-commerce Business: | ₹49 crores | - | +15.0% |
Exceptional Items and Financial Position
The company recognized exceptional items of ₹15.41 crores during the quarter due to incremental provision for employee benefits under the new labour codes effective November 21, 2025. Despite this impact, the company maintained strong financial health with net borrowings reduced to ₹315 crores as of December 31, 2025, compared to ₹349 crores in the previous year. Capital expenditure for Q3FY26 stood at ₹30 crores, down from ₹42 crores in Q3FY25, while nine-month capex totaled ₹108 crores against ₹232 crores in the corresponding period last year.
Historical Stock Returns for Nilkamal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.08% | -1.77% | +2.41% | -8.51% | -11.89% | -20.70% |
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