Nilkamal FY26 dividend: ₹20 payout, Q4 PAT ₹41.5cr

Nilkamal Ltd’s board has approved the company’s audited financial results for the fourth quarter and full year ended March 31, 2026, and recommended a final dividend of ₹20 per equity share. The announcement is important for shareholders because it sets the timeline for the dividend record date and the annual general meeting (AGM), while also putting the latest quarterly profit numbers in context. For the March quarter, the company reported a consolidated net profit of ₹41.52 crore (₹415.2 million). The filing also noted that the auditor’s report carried an unmodified opinion.

Nilkamal is known as a leading producer of moulded plastic furniture in India. It also operates across Material Handling Solutions, Ready Furniture, Nilkamal Mattrezzz, and Bubbleguard, which broadens its revenue drivers beyond the core plastic furniture category.

Board decision: audited results and dividend recommendation

The company said its Board of Directors approved audited financial results (standalone and consolidated) for Q4 and FY26. Along with the results, the board recommended a final dividend of ₹20 (200%) per equity share of face value ₹10. The dividend recommendation is subject to shareholder approval at the AGM. Nilkamal also highlighted that the auditor’s report on the financial results carries an unmodified opinion, indicating no qualifications were raised in the audit report as disclosed.

AGM, record date and book closure details

Nilkamal’s 40th AGM is scheduled for July 17, 2026, and will be held via video conferencing. The record date for the dividend is July 10, 2026. The company also announced a book closure period from July 11 to July 17, 2026, for AGM and dividend purposes. These dates matter for investors tracking eligibility for the final dividend based on shareholding on the record date.

March-quarter performance: consolidated profit at ₹41.52 crore

For the quarter ended March 2026, Nilkamal reported consolidated net profit of ₹41.52 crore. The data shared also referenced a “Q4 net profit up 18.27% at ₹41.11 crore” headline, broadly in the same range as the March-quarter consolidated net profit figure of ₹41.52 crore (as stated). The company’s quarterly profit disclosures across the year show variability, and market coverage also referenced a stock move linked to “quarterly profit slump” for Nilkamal in a separate update.

Profit trend across recent quarters

Besides the March-quarter profit, the provided data points include consolidated net profit of ₹25.26 crore for the December 2025 quarter and ₹32.53 crore for the September 2025 quarter. These figures show a higher March-quarter outcome relative to the immediately preceding quarters. Investors typically compare these sequential changes alongside business segment performance, raw material costs, and demand conditions, though only the profit figures are available in the provided details.

Full-year profit figures mentioned for FY24 to FY26

The data also cites Nilkamal’s profit as ₹116 crore for March 2026, ₹106 crore for March 2025, and ₹122 crore for March 2024. This indicates that profit in FY26 (as referenced) was higher than FY25 but below FY24, based on the figures provided. Separately, another data point states Nilkamal reported FY2024-25 revenue of ₹3,239 crore and profit after tax of ₹91 crore, highlighting a specific revenue and PAT snapshot for that year.

Q1 FY26 operational update: revenue up, profitability down

Nilkamal also disclosed an operating update for the first quarter ended June 30, 2025 (Q1 FY26). The company reported standalone revenue of ₹864 crore, up 19% year-on-year from ₹729 crore. EBITDA was reported at ₹57 crore, while profit before tax (PBT) declined to ₹13 crore from ₹19 crore, and profit after tax (PAT) fell 29% to ₹10 crore from ₹14 crore. Basic EPS was stated at ₹6 compared with ₹10 a year ago.

The company attributed margin pressure to the furniture trade business, with EBIT at ₹38 crore compared with ₹34 crore in the same quarter of the previous year. On a consolidated basis for Q1 FY26, net sales were ₹883 crore versus ₹743 crore in the corresponding quarter, and PAT was ₹15 crore versus ₹18 crore.

Capex, borrowing and Hosur unit update

Nilkamal said its new MDF and foam manufacturing unit at Hosur-3 is operational. It also stated it plans capital expenditure of ₹150 crore for the current fiscal year. Alongside this, net borrowing increased to ₹331 crore, as per the disclosed update. These numbers provide context on the company’s investment cycle and balance sheet position during a period where revenue growth was reported but profitability was under pressure.

Acquisition: Imedfurns healthcare furniture business

Nilkamal has signed an agreement to acquire the healthcare furniture business from Imedfurns Private Limited for ₹3 crore, payable over four years. The acquisition includes intellectual property rights, existing contracts, transfer of employees, and associated goodwill, according to the details shared. The transaction was approved by Nilkamal’s Board Sub-Committee on July 14, 2025, and disclosed to stock exchanges under SEBI regulations.

Market snapshot: dividend yield and price references

The dividend timeline also includes an XD-date reference of July 10, 2026, with dividend amount ₹20 and a stated dividend yield of 1.59% at a price of ₹1,340.5 for that day. Separately, a market snapshot in the provided data shows Nilkamal’s current price at ₹1,259.20 and market capitalisation at ₹1,879.04 crore. Since these are point-in-time references, investors typically read them as snapshots rather than a continuous series.

Market impact

The FY26 board approvals and dividend recommendation set clear corporate action dates for shareholders, which can influence near-term trading behaviour around record date and ex-date. The disclosed March-quarter consolidated profit of ₹41.52 crore provides a quarterly anchor around the time the audited results were approved. The Q1 FY26 update shows that Nilkamal delivered double-digit revenue growth but lower PAT, highlighting a divergence between top-line momentum and profitability in that period. The capex plan of ₹150 crore and net borrowing of ₹331 crore also add balance-sheet context for investors watching funding and execution risks, especially when margins are under pressure.

Analysis: what investors can track next

Two parallel threads stand out in the disclosed information: shareholder returns via dividend, and operational execution during an investment phase. The ₹20 per share dividend recommendation is a direct cash-return signal, while the unmodified audit opinion provides comfort on the reported numbers as disclosed. At the same time, the Q1 FY26 results indicate margins can tighten even when revenue rises, making segment mix and cost trends important to track in subsequent quarters.

Another area investors may watch is how new capacity at Hosur-3 and the healthcare furniture acquisition translate into steady revenue streams, since both involve execution and integration. Nilkamal’s next scheduled financial event in the provided details is a board meeting on August 1, 2026, to consider Q1 FY27 results.

Conclusion

Nilkamal’s board approval of FY26 audited results, coupled with the ₹20 final dividend recommendation, sets a clear shareholder calendar with a July 10 record date and a July 17, 2026 AGM. The March-quarter consolidated net profit was reported at ₹41.52 crore, with prior quarter profits also disclosed for comparison. Investors now have a defined timeline for dividend eligibility and an upcoming results milestone, with the company’s board meeting scheduled for August 1, 2026 for Q1 FY27 results.