Nandan Denim Shares Gain After FY26 Profitability Holds Steady Despite Weak Stock Performance

Revenue from operations for the financial year stood at ₹2,871.87 crore, while total income came in at ₹2,886.07 crore. The Board of Directors approved the audited standalone financial results on 28 May 2026.

For the March quarter, Nandan Denim posted a net profit of ₹9.51 crore on total income of ₹549.37 crore.

The company also witnessed a significant reduction in costs during the year. Total expenses declined to ₹2,843.82 crore in FY26 from ₹3,508.45 crore in the previous financial year, primarily driven by lower raw material expenses. Raw material costs fell sharply to ₹2,486.05 crore compared to ₹3,118.24 crore in FY25.

Finance costs also eased substantially to ₹17.66 crore from ₹36.74 crore a year ago, indicating improved cost management and lower borrowing pressure. Employee benefit expenses remained largely stable at ₹87.95 crore.

Following the earnings announcement, Nandan Denim share price opened at ₹2.65 apiece on the BSE. The stock touched an intraday high of ₹2.67 and a low of ₹2.64 during Friday’s trade.

Despite the positive reaction to the earnings, the stock has remained under pressure across broader timeframes. Nandan Denim shares have declined nearly 7% over the past month and more than 14% in the last six months. On a one-year basis, the stock has fallen over 34%, significantly underperforming the Sensex, which declined around 7% during the same period.

Nandan Denim Ltd (NDL), part of the Chiripal Group since 1994, has evolved into one of the world’s leading denim manufacturers. The company is currently India’s largest denim producer and the fourth-largest globally, serving customers across 27 countries along with major domestic retailers.

The company offers a diversified portfolio that includes more than 2,000 denim variations annually, shirting fabrics, and sustainable organic cotton yarn. Its integrated manufacturing capabilities and in-house research and development division continue to support product innovation and global market expansion.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.