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Revenue
₹859.8 Cr
verification pending
Revenue YoY
2.2%
reported change
EBITDA
₹130.4 Cr
latest reported figure
Source
bse pending
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Nitin Spinners reported its highest-ever quarterly revenue of ₹859.8 crore in Q4 FY26, up 2.2% YoY, driven by improved demand and yarn prices. EBITDA grew 8.4% YoY to ₹130.4 crore, with margins expanding 87 bps to 15.17% on better realization and cost savings. PAT surged 23.7% YoY to ₹57.4 crore. The company is executing a ₹1,100 crore capex to add 35 million meters of fabric and 22,000 tons of spinning capacity, expected to commercialize in H2 FY27. Management guided EBITDA margins to normalize in the 16-20% range for FY27, supported by sustained yarn spreads of ₹120-125/kg and renewable energy savings of ₹30-35 crore. Key risks include potential demand disruption from further US tariff hikes and ongoing Middle East tensions impacting freight costs.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects normalized EBITDA margins to fall within 16-20% range in FY27, supported by improved yarn spreads and cost savings.
- New capex of ₹1,100 crore expected to add over ₹1,000 crore to topline, plus 5-7% from price normalization, totaling 30-35% growth.
- Expected annual savings of ₹50 crore once fully operational; FY27 savings estimated at ₹30-35 crore from renewable power additions.
- Fabric capacity to start from Q3 FY27, spinning by Q4 FY27; total capacity to reach 130,000 tons yarn and 52 million meters fabric.
Risks flagged
- Further 5-10% tariff increase could negatively affect demand; current 10% tariff is manageable as customers had planned for 20%.
- Freight costs to Europe up 75-80% and transit times extended by two weeks; though mostly passed on via FOB terms, residual margin impact possible.
- Industry requests permanent removal of cotton import duty; government response timeline unclear, affecting raw material cost competitiveness.
- Knitted fabric utilization dropped due to US tariffs; recovery expected in 1-1.5 years, but customer loss to competitors may persist.
Key quotes
- Our normalized margin should be in the range of 16 to 20%. We expect that we should be able to fall into this level during this current year.
- There's no way back. Some of these capacities have gone out because of obsolescence, lack of working capital. I don't expect that majority of the capacity which had very small economic sense will come back.
- We have already spent more than 300 crore rupees already on the project at the moment and balance will be spent during this year.
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