Nilkamal Ltd. has declared a final dividend of ₹20 per share, according to an exchange filing from the company on Thursday. The dividend declaration comes as part of the company's financial performance for FY26. The Board of Directors recommended the final dividend of ₹20/- (200%) per equity share of ₹10 each for FY26, subject to shareholder approval at the 40th Annual General Meeting scheduled for July 17, 2026, at 11:00 a.m. in Mumbai via Video Conferencing/Other Audio-Visual Means. The dividend, if approved, will be paid on or after July 24, 2026, to equity shareholders on record as of the close of July 10, 2026. The register of members and share transfer books will remain closed from July 11, 2026 to July 17, 2026 (both days inclusive).
The record date for determining shareholder eligibility is July 10, 2026. As reported by the company filing, the dividend will be payable to equity shareholders who hold shares either in physical form or in dematerialized form on the close of Friday, July 10, 2026. This establishes the cut-off date for shareholders to be included in the dividend distribution.
Nilkamal reported robust financial performance for FY26, with standalone revenue rising 14% to ₹3,686 crores compared to ₹3,239 crores in FY25. The company's EBITDA stood at ₹320 crores, up 14% year-on-year, while profit before tax (PBT) came in at ₹135 crores, also up 14%. On a consolidated basis, net sales reached ₹3,778 crores compared to ₹3,313 crores in FY25, with consolidated PAT at ₹116 crores after accounting for ₹15 crores as a one-time increase in employee benefit liability due to new labour codes. The consolidated basic and diluted EPS for FY26 was ₹77.45 versus ₹71.32 in the previous year. The company's cash EPS increased to ₹173 from ₹152 in FY25, reflecting improved profitability across all metrics.
The Business to Business (B2B) segment achieved standalone revenue of ₹3,278 crores in FY26 compared to ₹2,890 crores in FY25, registering 13% growth in value and 9% in volume terms. Within B2B, the Material Handling Business grew by 13%, the Mattress and Foam Business grew by 65%, the Bubbleguard business grew by 27%, and the Ready Furniture business grew by 32%, while the Plastic Furniture business remained muted. The Retail & E-commerce segment recorded standalone turnover of ₹408 crores in FY26 compared to ₹349 crores in FY25, a growth of 17%. The E-commerce business, which stood at ₹185 crores, grew by 19%, while retail through stores grew by 16%. The segment reported a negative EBIT of ₹7 crores against a negative EBIT of ₹18 crores in the previous year, reflecting an improvement.
The company demonstrated improved operational efficiency with consolidated Q4 EBITDA at ₹959 crores compared to ₹852 crores in the year-ago period, with EBITDA margin expanding to 9.94% from 9.53% year-on-year. Given the sharp reduction in capex from ₹280 crores in FY25 to ₹144 crores in FY26, the company noted that since March 2026, raw material prices increased by approximately 50% due to geopolitical situations, leading to global volatility and supply disruptions. In response, the company implemented calibrated pricing strategies and optimised its product mix. The company increased its share of consumption of renewable energy to 28% and its Hosur unit was recognised with a Gold award by CII for energy conservation and green company standards. During the year, the company opened 24 new stores and closed 7 stores, operating 31 stores while 70 stores are under franchisee arrangement.
