Nilkamal Q3 Results Review: IDBI Capital Maintains 'Buy' On The Stock' Lowers Target Price — Here's Why

Nilkamal’s muted 9M FY25 performance indicates underlying demand slowdown, particularly in plastic segment..NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Nilkamal Ltd.’s Q3 FY25 result was in-line with estimate on net sales front, while margins disappointed. Amid subdued net sales growth over Q3 FY24, cost escalation on raw material, employee and higher expenditure on brand building eroded operating margin of the company. In Q3 FY25, the company reorganized and rebranded its retail division to 'Nilkamal Homes' under the mother brand of 'Nilkamal' and accordingly revised the segment disclosure as Business to Business and retail and E-commerce (Retail). Net sales was up by 6.3% YoY to Rs 8.5 billion, while Ebitda was down by 12.9% YoY to Rs 634 million. The company reported net profit of Rs 216 million, lower by 26.4% YoY. We have cut our earnings estimates for FY25E/FY26E and introduce FY27E earnings. Maintain Hold with a revised target price of Rs 1,917 (earlier target price Rs 2,108), assigning 20 times PER on FY27E..Click on the attachment to read the full report:.Power Grid Q3 Results Review — Rising Capex Needs Weigh On Dividend, Says Motilal Oswal; Maintains 'Buy' .DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nilkamal Q3 Results Review: IDBI Capital Maintains 'Buy' On The Stock' Lowers Target Price — Here's Why

Nilkamal’s efforts on streamlining the business segments, focus on widening retail network and strengthening brand recall paves the way for sustainable earnings growth in future, adds the brokerage

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