Nilkamal - Higher Sales Volume In Q3 Held Up The Show: IDBI Capital
A worker arranges a pile of plastic chairs at a logistics and distribution hub. (Photographer: Luis Tato/Bloomberg).

Nilkamal - Higher Sales Volume In Q3 Held Up The Show: IDBI Capital


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IDBI Capital Report

Nilkamal Ltd.’s Q3 FY21 result was a tad higher than our estimates on all key parameters.

Healthy sales volume growth of 18% YoY in plastic division supported net sales.

Despite inflationary raw material prices and lower net sales realisation, cost optimisation measures aided Ebitda margin expansion.

Net sales improved by 7.2% YoY to Rs 6,266 million, while Ebitda came at Rs 972 million, up by 42.9% YoY.

The company reported net profit of Rs 536 million, a robust growth of 75.8% over Q3FY20.

Click on the attachment to read the full report:

IDBI Capital Nilkamal Q3FY21 Result Update.pdf


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