What was Nitin Spinners's revenue in Q4 FY26?

Nitin Spinners reported revenue of ₹860 Cr in Q4 FY26, a +2.2% change year-over-year.

Did Nitin Spinners management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Nitin Spinners Q4 FY26 Research Workspace: Revenue ₹860 Cr (+2.2%)

Q: What guidance did Nitin Spinners management give?

EBITDA margin target of 16-20% for FY27: Management expects normalized EBITDA margins to fall within 16-20% range in FY27, supported by improved yarn spreads and cost savings.

Revenue ₹860 Cr +2.2%

EBITDA ₹130 Cr +8.4%

PAT ₹57 Cr +23.7%

EBITDA Margin 15.17% +87bps

Duration 60 min

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2-Minute Summary

✦ AI-Generated from Full Transcript

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.

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Risk Intelligence

US tariff escalation impact on demand

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Quarter Snapshot

Spinning capacity utilization 98%

+2pp YoY

Operating at near-full capacity, reflecting strong demand.

Woven fabric capacity utilization 90%

+5pp YoY

Utilization improved YoY, with fabric prices lagging yarn but expected to catch up.

Yarn spread (cotton) ₹125/kg

+15/kg QoQ

Spread improved from ₹110/kg in Q3, driven by restocking and supply constraints.

Export revenue share 63%

+1pp YoY

Exports remain dominant; China demand increased to 15-16% of shipments.

Fast read

Guidance and risk preview

Top guidance EBITDA margin target of 16-20% for FY27

Management expects normalized EBITDA margins to fall within 16-20% range in FY27, supported by improved yarn spreads and cost savings.

Top risk US tariff escalation impact on demand

Further 5-10% tariff increase could negatively affect demand; current 10% tariff is manageable as customers had planned for 20%.