Nilkamal Limited , a leader in material handling and moulded furniture products, has announced its unaudited financial results for the second quarter of fiscal year 2026, showcasing robust growth across key metrics.

Revenue and Profitability

The company reported a consolidated revenue of ₹968.00 crore for Q2 FY26, marking an 18% increase from ₹822.00 crore in the same quarter last year. This growth was driven by strong performance in both the Business-to-Business (B2B) and Retail & E-commerce segments.

Nilkamal's profitability also saw significant improvement:

Segment Performance

B2B Segment

• Achieved 18% growth in value and 13% in volume terms
• Material Handling Business grew by 20%
• Mattress and Foam Business saw a remarkable 65% growth

Retail & E-commerce Segment

• Clocked a turnover of ₹110.00 crore, up 21% from ₹91.00 crore in Q2 FY25
• E-commerce business grew by 23% to ₹52.00 crore
• Retail through stores grew by 18%

Operational Highlights

• The company opened 13 new stores and closed 3 during the quarter
• Total of 96 stores operational with over 6.75 lakh square feet of carpet area
• Capex spend for Q2 FY26 stood at ₹42.00 crore, compared to ₹99.00 crore in Q2 FY25

Financial Position

• Net Borrowings as of September 30, 2025: ₹376.00 crore
• This compares to borrowings of ₹305.00 crore as on September 30, 2024

Consolidated Performance

On a consolidated basis, including subsidiaries and joint ventures:

• Net Sales: ₹972.00 crore (vs ₹824.00 crore in Q2 FY25)
• PAT: ₹34.00 crore (vs ₹32.00 crore in Q2 FY25)

Nilkamal's subsidiary companies in Sri Lanka and UAE, as well as its joint venture Cambro Nilkamal Private Limited, all exhibited growth in revenue and profitability.

The company's strong performance across segments, particularly the significant growth in the Mattress and Foam Business and E-commerce, indicates Nilkamal's successful adaptation to changing market dynamics and consumer preferences. The expansion of retail presence, coupled with robust B2B growth, positions Nilkamal well for sustained growth in the coming quarters.

Note: All figures are rounded to two decimal places unless otherwise stated.

Nilkamal Limited , a prominent player in the furniture and material handling industry, has announced a significant change in its senior management. Deepak S. Mehta, the National Sales Manager of Nilkamal's Furniture Division, has tendered his resignation to pursue new challenges and opportunities.

Key Details of the Resignation

Corporate Disclosure and Compliance

Nilkamal Limited, adhering to regulatory requirements, has formally notified both the BSE Limited and the National Stock Exchange of India Limited about this development. The company made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015.

Transition and Future Outlook

In his resignation letter, Mr. Mehta expressed his appreciation for the support and opportunities he received during his tenure at Nilkamal Limited. He acknowledged the valuable experience of working with the leadership team and contributing to the organization's growth.

The company has not yet announced a successor for the position.

Market Implications

The departure of a key sales executive could potentially influence the company's strategies in the competitive furniture market. Stakeholders and industry observers will likely keep a close watch on any subsequent appointments or structural changes within Nilkamal's sales organization.