Nitco Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting on May 13, 2026. The company reported a significant growth in revenue compared to both the previous quarter and the corresponding quarter of the previous year. While the company continues to navigate a net loss position, the results show a narrowing of losses on a year-over-year basis for the quarter. Additionally, the Board approved the appointment of Mr. Kamal Abrol as the Chief Financial Officer and authorized the monetization of company land in Kanjurmarg, Mumbai, for approximately INR 232 Crores.

Nitco Limited is one of India’s oldest and most prominent tile and interior aesthetics companies, specializing in a diverse range of products including ceramic tiles, vitrified tiles, marble, and mosaico. Headquartered in Mumbai, the company operates a robust distribution network across India and maintains a significant presence in the luxury flooring segment. In 2025, the company focused on strategic restructuring and asset monetization to strengthen its balance sheet, including the planned disposal of its Alibaug factory and the development of land parcels through joint development agreements. Recent updates indicate a shift toward an asset-light model, emphasizing the expansion of its “Nitco Look” retail galleries and strengthening its institutional sales channel.

All financial figures are reported in Crores for consistency.