Nilkamal Q3 Results Review – Subdued Performance Of @Home Weighed On Margin: IDBI Capital

Nilkamal Q3 Results Review – Subdued Performance Of @Home Weighed On Margin: IDBI Capital

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.Nilkamal Ltd.’s Q3 FY24 result was in-line with our estimate on net sales front, while margins were miss owing to higher than anticipated loss in @ Home segment. The company reported 7% YoY /2% YoY volume and growth respectively in Q3 FY24.Nilkamal racking business and @ Home segment is witnessing muted demand which marred overall earnings of the company. On a positive note,…
Read More…

Source: https://www.ndtvprofit.com/amp/research-reports/nilkamal-q3-results-review-subdued-performance-of-home-weighed-on-margin-idbi-capital