Nitco shares declined 2.17% to ₹100 following the release of Q4 FY26 financial results that showed deteriorating profitability despite strong revenue growth. According to reports from Business Standard, the stock movement reflects investor concerns over the company's widening losses despite significant revenue expansion. The latest trading data shows shares trading at ₹102.22 compared to the previous close of ₹98.28, with a trading volume of 49,005 shares across 426 trades during the session.
The company's consolidated net loss widened to ₹77 crore in Q4 FY26 compared with a net loss of ₹29 crore in Q4 FY25, representing a significant deterioration in profitability. As reported by Business Standard, total revenue from operations jumped 62.85% to ₹152.32 crore in Q4 FY26 versus ₹93.53 crore in the corresponding quarter of the previous fiscal year. The pre-tax loss increased to ₹77.6 crore in Q4 FY26 compared with a pre-tax loss of ₹28.9 crore in Q4 FY25. For the full financial year FY26, the company reported total income of ₹553.88 crore compared to ₹327.74 crore in FY25, with net profit of ₹28.65 crore versus a net loss of ₹74.12 crore in the previous year.
Total expenses increased by 162.40% year-on-year to ₹162.40 crore in Q4 FY26, significantly outpacing the revenue growth and contributing to the widened losses. According to the financial results reported by Business Standard, cost of materials consumed was ₹32.05 crore, up 141.70% YoY during the quarter, indicating substantial increases in input costs. This cost inflation appears to have been a key factor in the company's profitability challenges despite strong top-line growth.
On a segment-wise basis, revenue from tiles and other related products surged 54.39% year-on-year to ₹151.74 crore, demonstrating strong demand for the company's core tile products. As reported by Business Standard, however, revenue from the real estate segment declined 19.71% YoY to ₹0.57 crore in Q4 FY26, indicating challenges in the company's diversification efforts. Nitco specializes in designer tiles, offering products including ceramic tiles, mosaic tiles, vitrified tiles, vitrified flooring, and marble.
