Nilkamal — Aims To Scale Up Non-Plastic Furniture Vigorously: Anand Rathi

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Anand Rathi Report.Nilkamal Ltd.'s management expects 11-15% overall volume growth in FY23. It aims to double revenue in the next five-six years, with 12-15% margins. The demand environment seems encouraging. Price hikes in material handling would continue as earlier higher input costs were not fully passed on. In the furniture business, however, earlier price hikes have been adequate. Volatility in key raw materials such as polyethylene and polypropylene continues. However, prices, which were softer in July/August, started firming up in September. Management expects a favorable pricing scenario from Q4 FY23.Plastic furniture has a small market size, while in non-plastic furniture the opportunity size is significant. Hence, after the Boston Consulting group report on the furniture business revamp, Nilkamal is striving to scale up the non-plastic furniture business. Capex at Hosur for non-plastic furniture is progressing. On the land acquisition being completed by December, the facility is expected to be operational within six-nine months, i.e., Q1/Q2 FY24..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nilkamal — Aims To Scale Up Non-Plastic Furniture Vigorously: Anand Rathi

Plastic furniture has a small market size, while in non-plastic furniture the opportunity size is significant.

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