NITCO tiles has delivered exceptional business performance, announcing approximately 85% sales growth in December 2025 compared to January 2025 on a month-on-month basis. The company, which operates in the tiles, marble, and mosaic segment, disclosed this significant achievement through a press release dated January 09, 2026, filed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

Strong Performance Drivers

The robust performance was supported by multiple strategic growth drivers that contributed to the company's exceptional results:

Management Commentary

Commenting on the exceptional performance, Vivek Talwar, Chairman & Managing Director of NITCO Limited, emphasized the significance of this achievement. "Achieving 85% growth in sales reflects the strength of our business strategy, the dedication of our teams, and the trust our customers placed in us," Talwar stated. He further highlighted the company's commitment to sustainable growth while continuing investments in key areas.

Strategic Focus Areas

The company's growth strategy encompasses several critical areas that have contributed to its strong performance:

• Innovation: Continued investment in product development and technological advancement
• Capacity Expansion: Strategic scaling of operations to meet growing demand
• Customer Experience: Enhanced focus on service quality and customer satisfaction
• Financial Discipline: Maintaining prudent financial management practices

Business Performance Highlights

NITCO Limited's strong performance was driven by excellence across multiple operational areas. The company noted strong performance across core product and service lines, demonstrating the effectiveness of its diversified approach within the tiles, marble, and mosaic segment. The improved distribution and sales reach contributed significantly to market penetration and revenue growth.

Future Outlook

Looking ahead, NITCO Limited remains optimistic about its growth prospects and market positioning. The company will continue focusing on strengthening its market position while maintaining the financial discipline that has supported its recent success. This balanced approach aims to ensure sustainable long-term growth in the competitive tiles and building materials sector.

NITCO Tiles , a prominent player in the Indian tile industry, has set an ambitious target to generate cash flow exceeding Rs 1,000 crores within the next 3-5 years. This bold objective comes amidst a backdrop of volatile financial performance, as revealed by the company's recent cash flow statements.

Cash Flow Target and Current Performance

NITCO's announcement of its Rs 1,000 crore cash flow goal reflects the company's aggressive growth strategy and financial planning objectives for the medium term. However, an analysis of the company's recent cash flow data presents a complex picture of its current financial state.

Recent Cash Flow Trends

The company's cash flow statements reveal significant fluctuations across various financial activities:

All figures in crore - Rs

Key Observations

1. Net Cash Flow: Despite showing a positive figure of Rs 84.10 crores in the current year, this represents a substantial increase from the previous year's negative cash flow.

2. Operating Activities: The company has experienced a significant increase in negative cash flow from operating activities, rising from Rs -8.80 crores to Rs -148.00 crores.

3. Financing Activities: NITCO has seen a remarkable surge in cash flow from financing activities, jumping from Rs 5.30 crores to Rs 228.00 crores.

4. Working Capital: The company's working capital has shifted from a positive Rs 29.60 crores to a negative Rs 117.50 crores, indicating potential liquidity challenges.

Challenges and Opportunities

While NITCO's ambitious cash flow target demonstrates confidence in its future prospects, the current financial data suggests that the company faces significant challenges. The negative trend in operating activities and working capital could pose obstacles to achieving the stated goal.

However, the substantial increase in financing activities indicates that NITCO may be leveraging external funding sources to fuel its growth plans. This strategy could potentially support the company's efforts to reach its ambitious cash flow target, provided it can effectively translate this capital into improved operational performance.

As NITCO navigates towards its Rs 1,000 crore cash flow objective, investors and market watchers will be keenly observing how the company addresses its operational challenges and capitalizes on growth opportunities in the coming years.