Nitco Ltd

Total revenue from operations jumped 62.85% to Rs 152.32 crore in Q4 FY26 as against Rs 93.53 crore in Q4 FY25. The company reported a pre-tax loss of Rs 7.76 crore in the fourth quarter of FY26 compared with a pre-tax loss of Rs 2.89 crore posted in the same period a year ago. Total expenses increased by 162.40% YoY to Rs 162.40 crore in Q4 FY26. The cost of materials consumed was Rs 32.05 crore (up 141.70% YoY) during the quarter. On segmentwise, revenue from tiles and other related products surged 54.39% year-on-year to Rs 151.74 crore, while revenue from the real estate segment declined 19.71% YoY to Rs 0.57 crore in Q4 FY26x . NITCO makes designer tiles. Its product ranges from ceramic tiles, mosaic tiles, vitrified tiles, vitrified flooring, and marble. Powered by Capital Market - Live

Net Loss of Nitco reported to Rs 7.73 crore in the quarter ended March 2026 as against net loss of Rs 2.85 crore during the previous quarter ended March 2025. Sales rose 62.13% to Rs 151.09 crore in the quarter ended March 2026 as against Rs 93.19 crore during the previous quarter ended March 2025. For the full year,net profit reported to Rs 28.90 crore in the year ended March 2026 as against net loss of Rs 741.15 crore during the previous year ended March 2025. Sales rose 53.20% to Rs 479.40 crore in the year ended March 2026 as against Rs 312.92 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales151.0993.19 62 479.40312.92 53 OPM %-3.26-6.60 -5.21-11.10 - PBDT-5.530.65 PL 26.55-91.57 LP PBT-7.76-2.90 -168 32.67-279.35 LP NP-7.73-2.85 -171 28.90-741.15 LP Powered by Capital Market - Live

According to BSE bulk deal data, Cyriac purchased 20 lakh shares at Rs 95.05 per share in the Mumbai-based tiles and marble maker. At the same time, Rashi Fincorp sold 23 lakh shares, equivalent to a 0.96% stake, at Rs 95.09 per share. Cyriac's name did not appear in Nitco's shareholding pattern for the quarter ended March 2026. As of March 2026, promoters held a 20.17% stake in the company. Among public shareholders, Authum Investment and Infrastructure held 46.77%. Cyriac is executive chairman of Florintree Advisors, a private equity firm focused on emerging Indian companies across sectors including technology, industrials, healthcare and financial services. Before founding Florintree, he served as managing director and co-head of private equity operations at Blackstone India. He also worked at Tata Motors and later joined Bank of America in investment banking. Cyriac currently serves on the boards of Gokaldas Exports and ideaForge Technology. Nitco is a surface solutions company, offering tiles, marble and mosaic products. It has a strong presence across more than 55 countries and a wide domestic network of over 650 dealers, experience centres and franchise stores. On a consolidated basis, Nitco reported net loss of Rs 11.90 crore in Q3 December 2025 as against net loss of Rs 660.18 crore in Q3 December 2024. Net sales rose 54.66% YoY to Rs 130.30 crore in Q3 December 2025. Powered by Capital Market - Live

Nitco will hold a meeting of the Board of Directors of the Company on 13 May 2026.

According to media reports, the two parties are also likely to enter into a joint development agreement, with the deal expected to be signed soon. The proposed project could have a revenue potential of up to Rs 6,000 crore. The terms of revenue sharing between Nitco and HOABL are expected to be finalised as part of the agreement, the reports added. Nitco is a surface solutions company, offering tiles, marble and mosaic products. It has a strong presence across more than 55 countries and a wide domestic network of over 650 dealers, experience centres and franchise stores. On a consolidated basis, Nitco reported net loss of Rs 11.90 crore in Q3 December 2025 as against net loss of Rs 660.18 crore in Q3 December 2024. Net sales rose 54.66% YoY to Rs 130.30 crore in Q3 December 2025.

According to the company, Jain will continue in his role until the close of business hours on 31 March 2026, after which his resignation will become effective. Following his exit, he will also cease to be part of the company's senior management team from the same date. The company acknowledged his contributions during his tenure and expressed appreciation for his services. NITCO is engaged in providing floor and wall solutions with a portfolio comprising a comprehensive range of tiles, marbles and mosaic. The company had reported a consolidated net profit of Rs 1.00 crore in the quarter ended September 2025 as against a net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales increased by 62.21% YoY to Rs 106.78 crore in Q3 FY26. The counter jumped 4.59% to Rs 86.19 on the BSE. Powered by Capital Market - Live

Net Loss of Nitco reported to Rs 11.90 crore in the quarter ended December 2025 as against net loss of Rs 660.18 crore during the previous quarter ended December 2024. Sales rose 54.66% to Rs 130.30 crore in the quarter ended December 2025 as against Rs 84.25 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales130.3084.25 55 OPM %-4.62-5.96 - PBDT-5.90-17.14 66 PBT-7.96-187.02 96 NP-11.90-660.18 98 Powered by Capital Market - Live

Nitco will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live

The robust performance was supported by multiple growth drivers, including higher customer demand, strengthening of the product portfolio, and sustained emphasis on operational efficiencies. Vivek Talwar, chairman & managing director of company, said: 'Achieving 85% growth in sales reflects the strength of our business strategy, the dedication of our teams, and the trust our customers placed in us. We remain focused on sustainable growth while continuing to invest in innovation, capacity expansion, and customer experience. Looking ahead, NITCO stated that it remains optimistic about its growth prospects and will continue to focus on strengthening its market position while maintaining financial discipline. NITCO is engaged in providing floor and wall solutions with a portfolio comprising a comprehensive range of tiles, marbles and mosaic. The company had reported a consolidated net profit of Rs 1.00 crore in the quarter ended September 2025 as against net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales increased by 62.21% YoY to Rs 106.78 crore in Q3 FY26. Powered by Capital Market - Live

Net profit of Nitco reported to Rs 1.00 crore in the quarter ended September 2025 as against net loss of Rs 34.60 crore during the previous quarter ended September 2024. Sales rose 62.21% to Rs 106.78 crore in the quarter ended September 2025 as against Rs 65.83 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales106.7865.83 62 OPM %-12.84-19.40 - PBDT-12.59-38.69 67 PBT0.94-45.91 LP NP1.00-34.60 LP Powered by Capital Market - Live