Nitco's Q2 FY26 revenue surges 64% amid strategic turnaround

Nitco Limited has reported a 64% year-on-year revenue increase for its tiles, marble, and mosaic segment in Q2 FY26, reaching INR 107.1 crores, up from INR 65.5 crores in Q2 FY25. The company also achieved 91% growth in H1 FY26 compared to H1 FY25, with total income for the segment rising to INR 262.0 crores from INR 137.4 crores. This growth is attributed to debt restructuring, working capital infusion, and financial support from Authum Investment & Infrastructure Ltd. Projections indicate a 44% rise in revenue for FY26 compared to FY25, targeting INR 450 crores.

The company's real estate division unlocked INR 58 crores in H1 FY26 and targets unlocking substantial cash flow of over INR 1,000 crores in the next 3-5 years. Key deals include the Thane plot monetisation, securing an estimated INR 100 crore realization, and the Alibaug plot development, expected to yield INR 350 crores over three years. Nitco plans to expand its dealer network to over 1200 in the next 2-3 years and launch new product lines in premium segments.

Authum Investment & Infrastructure Ltd, now a significant financial partner, holds 45% of Nitco on a fully diluted basis, following its investment to restructure debt and inject working capital. This partnership has been instrumental in improving liquidity and renewing strategic focus, positioning Nitco for continued growth in market share.