FINANCIAL RESULTS NATIONAL
JAIPUR, RAJASTHAN, INDIA
By IFAB MEDIA - NEWS BUREAU - May 27, 2024 | 117 14 minutes read
Nandani Creation Ltd, a leading Jaipur-based fashion player specializing in women's Indian wear products under the brands 'Jaipur Kurti', 'Amaiva' by Jaipur Kurti, and 'Desi Fusion', announced its financial results for the fourth quarter ended March 2024.
Financial Performance (Consolidated) (Rs. Crs) |
|||||
Particulars |
Q4FY24 |
Q3FY24 |
Q4FY23 |
FY24 |
FY23 |
Net Sales |
19.6 |
8.4 |
10.6 |
45.1 |
48.9 |
Total Income |
20.0 |
8.5 |
10.9 |
45.9 |
49.6 |
EBITDA |
4.5 |
1.7 |
1.7 |
4.3 |
4.0 |
EBITDA% |
22.9 % |
20.1 % |
15.6 % |
9.5 % |
8.1 % |
Finance Cost |
0.7 |
0.7 |
0.5 |
2.5 |
2.6 |
Depreciation |
0.6 |
0.4 |
0.4 |
1.9 |
1.8 |
PBT |
3.5 |
0.7 |
1.0 |
0.6 |
0.1 |
Income Tax |
0.8 |
0.2 |
-0.1 |
0.0 |
0.0 |
PAT |
2.7 |
0.5 |
1.1 |
0.6 |
0.1 |
Key Financial Highlights for Q4 FY2024:
Commenting on the results, Anuj Mundhra, Chairman & Managing Director of Nandani Creation Limited, said: "The fashion retail industry in India faced numerous challenges over the past year, including subdued customer demand and high inflation, which led to a slowdown in discretionary spending and affected the overall performance of the retail sector."
"Despite these headwinds, Nandani Creation Limited 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, which we anticipate will be a catalyst for our business rejuvenation. 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. I am confident that our strategically developed business plan will yield substantial rewards for all stakeholders and further enhance our brand's legacy."
Outlook: