Nandani Creation Ltd Q4 net profit jumps 149 percent to Rs 3 crore

May 27, 2024

Category: General

Country: India

Region: Asia

Nandani Creation Ltd (NCL), a Jaipur-based fashion firm reported a 149 percent rise in net profit to Rs 3 crore ($3,60,418) for the fourth quarter ended March 31, as against Rs 1 crore in the year-ago quarter.

By Maverick Martins
24th May, 2024.

The company’s revenue for the quarter rose by 84 percent to Rs 20 crore, as against Rs 11 crore in the corresponding quarter of the previous financial year.

For the financial year 2024, the company reported a net profit of Rs 60 lacs on a revenue of Rs 46 crore.

Commenting on the results, Anuj Mundhra, chairman managing director of Nandani Creation Limited in a statement said, “The fashion retail industry in India faced numerous challenges over the past year, including subdued customer demand and high inflation. Despite these headwinds, we delivered a strong performance in the last quarter and closed the financial year on a strong foothold, setting a positive tone for the upcoming peak season.”

“In the face of the slowdown, we have proactively laid the groundwork for future growth. I firmly believe that we are now better positioned than ever to seize upcoming opportunities in the industry, thanks to our robust and expanding retail store portfolio and the increasing reach of our SIS distribution channel,” he added.

Founded in 2012, Nandani Creation Ltd offers women's Indian wear products under the brands Jaipur Kurti, Desi Fusion, and Amaiva.