Nitco Limited, a leader in the tiles, marble, and mosaic industry, has announced strong results for the first quarter of the financial year 2025-26. The company has reported a remarkable 114% increase in consolidated revenue, driven by a joint development agreement (JDA) for land in Alibaug and steady growth in its tiles business. For the quarter ending June 30, 2025, Nitco’s consolidated revenue reached ₹150.22 crore, up from ₹70.22 crore in the same period last year. The profit after tax also saw a significant rise, reaching ₹47.46 crore compared to a loss of ₹43.52 crore in the first quarter of the previous financial year.
The increase in revenue is largely attributed to the Alibaug land development deal, which contributed ₹58.42 crore as interest-free adjustable advance for the quarter. This agreement marks an essential step in the company’s asset monetization strategy, unlocking value from its real estate holdings. In addition to real estate gains, the tiles and related products segment achieved a revenue of ₹91.27 crore, reflecting a 31% increase from ₹69.66 crore during the same period last year. This performance highlights the market demand for Nitco’s design-oriented surfaces and operational efficiency.
Vivek Talwar, Nitco’s Chairman and Managing Director, commented on the results, stating, “The strong start to the financial year is encouraging. The Alibaug development deal underscores our commitment to extracting value from our land bank, while our core tiles business continues to perform well. We believe this growth momentum will be maintained in the upcoming quarters.”
The Alibaug land deal and the growth in the tiles business indicate a positive trend for Nitco, as it continues to focus on innovation and expanding its product offerings. The company is determined to enhance its market presence and meet the growing demand for high-quality tiles and surfaces.
As part of its strategy, Nitco is also investing in new technologies and processes to improve efficiency and product quality. This commitment to excellence will likely position the company for further growth in the competitive tiles market.
In conclusion, Nitco Limited’s impressive revenue growth in the first quarter of the financial year 2025-26 reflects its strategic initiatives in real estate and tiles business. The company is well poised for continued success as it navigates the challenges of the market while meeting the demands of customers seeking quality and innovation in surfaces and tiles. Stakeholders can look forward to seeing how Nitco maintains this positive trajectory in the coming months.