Nilkamal shares hit 20% upper circuit as Q2 FY27 net profit doubles to ₹68 crore; check all numbers

The furniture maker reported a consolidated net profit of ₹68 crore for the July-September quarter, marking a growth of 100% from ₹34 crore logged in the same period last year.

The firm’s revenue from operations surged 16% year-on-year (YoY) to ₹1,126 crore in the September quarter of FY27, as against ₹968 crore registered in the year-ago period.

The operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), jumped 58% to ₹135 crore as compared to ₹86 crore in the corresponding quarter of the previous fiscal year.

Its EBITDA margin expanded to 12.02% in the reporting quarter from 8.83% in Q2 FY26.

On a standalone basis, the raw material prices in Q2 FY27 continue to remain at an elevated level, as witnessed in Q1 FY27.

Nilkamal stated that in Q1 FY27 the company managed to pass on the increased raw material price burden at the cost of loss of sales volume by 37%. This has restricted the capacity utilisation to less than 50%.

During Q2 FY27, the firm maintained the selling prices with an enhanced sales volume of 54% compared to Q1 FY27 and achieved capacity utilisation of more than 70%.

Nikamals’ B2B business recorded revenue growth of 18% for the quarter under review, while the retail and e-commerce segment increased 8%.

“The performance underscores the company's ability to drive sustainable growth, improve operational efficiencies and strengthen profitability despite a volatile external environment,” Nilkamal said.

The company’s capital expenditure stood at ₹27 crore in Q2 FY27, compared with ₹42 crore in Q2 FY26. The company’s net borrowings stood at ₹254 crore as of September 30, 2026, down from ₹376 crore as of September 30, 2025.

Nilkamal share price trends

At 3 PM, Nilkamal shares were trading at ₹2,002.1 apiece on the National Stock Exchange, gaining 15.2%.

From the beginning of the year, Nilkamal shares have rallied 44%. Over a month’s time, the stock has jumped 6%, while for a six-month period, it has surged 52%.

Shares of the firm had hit a 52-week high of ₹2,149.50 on September 3, 2026, and a 52-week low of ₹1,050.50 on March 30, 2026.

According to NSE data, as of October 29, 2026, Nilkamal has a total market capitalisation of ₹3,020.32 crore.