Nitta Gelatin India Limited announced strong Q3FY26 financial results, demonstrating robust growth across key performance metrics. The company, a joint venture between Kerala State Industrial Development Corporation Ltd. and Nitta Gelatin Inc., reported significant improvements in both quarterly and nine-month financial performance for the period ended December 31, 2025.

Quarterly Financial Performance

The company delivered impressive Q3FY26 results with substantial growth across major financial parameters:

Other income for Q3FY26 reached ₹705.71 lakhs compared to ₹252.77 lakhs in the previous year, including ₹560.00 lakhs dividend income from subsidiary company. Total expenses increased to ₹11,618.90 lakhs from ₹11,153.97 lakhs, reflecting higher operational activity.

Nine-Month Performance Analysis

The company's nine-month performance showed consistent growth momentum with strong year-over-year improvements:

Other income for the nine-month period totaled ₹2,092.03 lakhs, including ₹1,312.50 lakhs dividend income from subsidiary operations. The company maintained healthy profit margins despite increased operational expenses.

Operational Highlights and Regulatory Developments

The company implemented new labour code compliance requirements effective November 21, 2025, recognizing an incremental liability of ₹226.33 lakhs for employee benefits. This reflects the consolidation of 29 existing labour legislations into four new codes by the Government of India.

Nitta Gelatin successfully resolved a long-standing customs duty dispute, with the Hon'ble High Court of Kerala ruling in favor of the company regarding fish protein imports under advance authorization scheme. However, the customs department has filed a special leave petition before the Supreme Court of India.

Consolidated Results and Subsidiary Performance

The consolidated financial results showed continuing operations generating profit of ₹2,561.09 lakhs for Q3FY26, while discontinued operations from subsidiary Bamni Proteins Limited reported a loss of ₹2.23 lakhs. The subsidiary's manufacturing operations remain suspended following pollution control board directives, with assets classified as held for sale.

Financial Position and Outlook

Nitta Gelatin maintained a strong financial position with paid-up equity share capital of ₹907.92 lakhs and other equity of ₹38,327.42 lakhs as of March 31, 2025. The company's performance reflects effective management of raw material costs and strong market demand for gelatin products across its operational divisions including Gelatin, Ossein, and Reva divisions.

Nitta Gelatin India Limited , a leading manufacturer of gelatin and related products, has reported a strong financial performance for the second quarter of the fiscal year. The company's unaudited financial results, approved by its Board of Directors, reveal significant growth in profitability and steady revenue.

Financial Highlights

The company's profit for the quarter stood at ₹26.14 crores, marking a substantial increase of 33.8% compared to the previous quarter's ₹19.53 crores. This growth is reflected in the earnings per share, which rose from ₹21.35 to ₹28.79.

For the half-year, Nitta Gelatin India reported a profit of ₹45.52 crores, with revenue from operations reaching ₹272.34 crores.

Other Income and Segment Information

The quarterly results included other income of ₹7.53 crores, primarily from dividend income received from a subsidiary company. Nitta Gelatin India operates in a single operating segment focused on gelatin manufacturing and related products.

Potential Merger Exploration

In a separate development, the company's Board of Directors has taken a step towards potential corporate restructuring. The Board has constituted a committee to evaluate the feasibility of merging its subsidiary, Bamni Proteins Ltd, with Nitta Gelatin India Limited. This committee will examine the modalities of such a merger, which could have implications for the company's future structure and operations.

Management Changes

Nitta Gelatin India has announced key changes in its management structure:

• Mr. Sahasranaman P, the current Chief Financial Officer (CFO), will be re-designated as the Chief Risk Officer (CRO) effective January 1, 2026.
• Mr. Uppiliyappan C will be appointed as the new Chief Financial Officer (CFO), also effective January 1, 2026. Mr. Uppiliyappan brings over 18 years of experience in managing core finance functions across global and Indian entities.

These management changes and the exploration of a potential merger with its subsidiary suggest that Nitta Gelatin India is positioning itself for future growth and operational efficiency.

The company's strong quarterly performance, coupled with these strategic moves, indicates a focus on both financial growth and organizational development.