Nilkamal Q4 Review - Another Quarter Of Volume Driven Growth: IDBI Capital

A chair on display manufactured by Nilkamal Ltd. (Source: Company website).

Nilkamal Q4 Review - Another Quarter Of Volume Driven Growth: IDBI Capital


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Nilkamal Ltd.’s Q4 FY21 results were a mixed bag as net sales was tad higher than our estimate, while margin was disappointing.

Sales volume growth further strengthened in Q4 FY21. However, steep increase of 20% YoY in raw material prices eroded operating margin.

Net sales improved by 21.1% YoY to Rs 6,799 million, while Ebitda came at Rs 789 million, up by 11.7% YoY.

The company reported net profit of Rs 382 million, a healthy growth of 20.2% over Q4 FY20.

Despite challenging business environment due to pandemic, the company’s strong distribution network, healthy relationship with its customers and company's ability of providing all in one services and robust supply chain management system were instrumental in delivering strong financial performance.

Click on the attachment to read the full report:

IDBI Capital Nilkamal Q4FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.