How did Nandan Denim's annual revenue perform in FY26?

Total operating income for the fiscal year ended March 31, 2026, fell by 19% to ₹2,871.87 crore, down from ₹3,546.68 crore in the prior year.

Did the sharp revenue decline affect the company's bottom line?

Surprisingly, annual net profit remained nearly flat at ₹33.13 crore, compared to ₹33.45 crore in the previous year.

What was the scale of the revenue contraction in the final quarter?

The company reported a 48.5% contraction in revenue for the fourth quarter, with figures falling to ₹539.98 crore from ₹1,048.65 crore in the same period last year.

Were there any changes to the company's audit appointments?

No. The board re-appointed Talati & Talati LLP as internal auditors and A.G. Tulsian & Co. as cost auditors for the 2026-27 financial year.

Earnings · Textile · Micro cap

Nandan Denim revenue drops 48.5% as top-line pressure mounts

The textile manufacturer saw quarterly revenue slide to ₹539.98 crore, while annual income fell 19% to ₹2,871.87 crore.

— 1 earlier story on Nandan Denim Ltd. →

NDL 29 May 2026 · 12:37 AM IST Verify on BSE · NSE

Mkt cap₹382 cr

P/E11.15×

ROE5.41%

Debt / eq.0.40

48.5% Year-on-year revenue contraction in the fourth quarter.

What's new

Q4 revenue fell to ₹539.98 crore from ₹1,048.65 crore a year ago.
Annual operating income dropped 19% to ₹2,871.87 crore for FY26.
Net profit held steady at ₹33.13 crore, nearly matching the previous year's ₹33.45 crore.

Why this matters

A 48.5% quarterly revenue drop is a sharp warning for a nano-cap manufacturer. While the company maintained flat annual profits, the sustained decline in top-line performance indicates significant operational headwinds that cost-cutting alone cannot mask.

What we're watching

Whether the company can stabilise its revenue base in FY27.
Any commentary on demand trends in the denim segment.
The impact of continued top-line volatility on future margins.

The full read

Nandan Denim is facing a severe top-line squeeze. The Ahmedabad-based textile manufacturer saw its fourth-quarter revenue plummet 48.5% to ₹539.98 crore, down from ₹1,048.65 crore in the same period last year. For the full fiscal year ended March 31, 2026, operating income dropped 19% to ₹2,871.87 crore from ₹3,546.68 crore. Despite this volatility, the company managed to keep its annual net profit nearly flat at ₹33.13 crore, compared to ₹33.45 crore the previous year. While the bottom line appears resilient, the massive contraction in revenue is the primary signal. For a nano-cap player, such a sharp decline in sales volume suggests that the company is struggling to maintain its market position. The board has kept its audit team in place for the coming year, but the numbers suggest that operational stability remains the main test.

Questions answered

How did Nandan Denim's annual revenue perform in FY26?: Total operating income for the fiscal year ended March 31, 2026, fell by 19% to ₹2,871.87 crore, down from ₹3,546.68 crore in the prior year.
Did the sharp revenue decline affect the company's bottom line?: Surprisingly, annual net profit remained nearly flat at ₹33.13 crore, compared to ₹33.45 crore in the previous year.
What was the scale of the revenue contraction in the final quarter?: The company reported a 48.5% contraction in revenue for the fourth quarter, with figures falling to ₹539.98 crore from ₹1,048.65 crore in the same period last year.
Were there any changes to the company's audit appointments?: No. The board re-appointed Talati & Talati LLP as internal auditors and A.G. Tulsian & Co. as cost auditors for the 2026-27 financial year.

Mentioned: Nandan Denim · Talati & Talati LLP · A.G. Tulsian & Co.

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

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29 May 2026 · 12:37 AM IST Nandan Denim revenue drops 48.5% as top-line pressure mounts
today Nandan Denim revenue drops 48% as textile demand cools