Nikhil Adhesives reports strong FY25 results, expands into new markets

Nikhil Adhesives Limited reported a profit after tax of ₹1,685.94 lakhs for the fiscal year ended March 31, 2025, a significant increase from ₹1,325.07 lakhs in the previous year. Profit before tax also rose to ₹2,241.81 lakhs from ₹1,792.71 lakhs in FY 2023-24. The company’s sales turnover grew to ₹58,458.75 lakhs, up 3.61% from ₹56,419.32 lakhs. The board recommended a dividend of ₹0.22 per equity share for FY 2024-25.

The company's strategic highlights for 2024-25 included commissioning RDP capacity at Dahej, further automation in plants, upgrading its R&D center with application testing facilities, and entry into new export markets. The company’s adhesives and construction chemicals segments contributed 51% of the total sales volume, with paint emulsions making up 35%. Overall exports accounted for 1% of total volume sales.

The 39th Annual General Meeting is scheduled for September 23, 2025, to approve the financial statements, declare the dividend, and re-appoint Mr. Rajendra Jayantilal Sanghavi as whole-time director. The company also announced the appointment of M/s PHD & Associates as statutory auditors for five years, commencing FY 2025-26.