Nandani Creation Q1 Results Revenue Up 139.25% YoY & Down 7.92% QoQ

Nandani Creation Growth Comparison 

Nandani Creation Q1 Results: In the first quarter of June 2024, Nandani Creation's financial results show significant changes. The company’s total revenue was ₹18.04 crores, which is a big increase of 139.25% year-over-year (YoY) compared to ₹7.54 crores in June 2023. However, this figure is down by 7.92% quarter-on-quarter (QoQ) from ₹10.63 crores in March 2024.

Nandani Creation's selling, general, and administrative expenses rose to ₹1.01 crores, up by 40.85% YoY from ₹0.72 crores last year. These expenses also increased by 22.17% QoQ from ₹0.62 crores. Depreciation and amortization costs were ₹0.56 crores, which is 22.17% higher YoY but down by 13.64% QoQ from ₹0.43 crores.

Nandani Creation’s Other operating expenses were ₹4.89 crores, an 81.43% YoY increase from ₹2.70 crores. These expenses grew by 29.17% QoQ from ₹3.00 crores. The total operating expenses were ₹15.70 crores, a 94.27% YoY increase but only a slight increase of 1.98% QoQ.

Nandani Creation’s Operating income dropped significantly to ₹2.34 crores, down 44.20% QoQ and no improvement YoY. Net income before taxes was ₹1.61 crores, a 54.57% decrease QoQ and no gain YoY. Net income also fell to ₹1.14 crores, showing a 58.25% decrease QoQ. The diluted normalized EPS dropped by 65.46% YoY to ₹0.83.

Here are the Q1 financial results for Nandani Creation:

Source: Here 

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Nandani Creation Q1 Results 

The Nandani Creation income statement shows the company's financial performance for specific periods. For June 30, 2024, their total income was ₹1,821.57 crore, which includes ₹1,793.64 crore from their main business operations and ₹27.93 crore from other sources. Compared to the previous period (March 31, 2024), where they earned ₹1,944.88 crore in total, this shows a slight decrease.

Nandani Creation’s expenses for June 30, 2024, were ₹1,642.08 crore. Major costs included ₹270.99 crore for materials, ₹328.60 crore for buying stock, and ₹511.36 crore for other expenses. They also spent ₹97.66 crore on employee salaries and ₹65.86 crore on finance costs. Depreciation and changes in inventory added to their costs.

Nandani Creation’s high expenses, they managed a profit before tax of ₹179.49 crore. After taxes, which were ₹45.52 crore, their net profit was ₹133.97 crore. This is an improvement compared to a loss in the same period last year. They also reported an additional ₹1.34 crore in other income, making their total comprehensive income ₹135.31 crore for this period.

Here's the income statement summarized for easier reference:

Nandani Creation Financial Performance

Nandani Creation's financial table shows key information about the company's stock. The Market Cap of ₹69.3 Crores indicates the total value of all its shares. The Current Price of ₹40.2 is what you pay to buy one share. The High / Low values of ₹77.6 and ₹30.4 show the highest and lowest prices the stock has traded at recently. The Stock P/E ratio of 26.6 measures how much investors are willing to pay for each unit of earnings. The Book Value of ₹17.4 represents the net worth of the company per share. 

Here’s the information in a table format:

Quarterly Results 

The Nandani Creation financial table shows their performance over recent quarters. In December 2023, they earned 10.08 crores in sales but spent 8.25 crores on expenses, leading to an operating profit of 1.83 crores. Their operating profit margin (OPM) was 18.15%. By March 2024, sales increased to 19.34 crores, with expenses rising to 15.78 crores. 

Here are the financial details for Dec 2023, Mar 2024, and Jun 2024:

(Standalone Figures in Rs. Crores)

About Nandani Creation 

Nandani Creation is a company dedicated to creating wonderful clothing for women who love to dress beautifully. The company combines traditional craft techniques with modern styles, working with local artisans to produce both classic and contemporary fashion items. They offer their products globally, aiming to bring the best of both urban and rural fashion to their customers.

Nandani Creation has a strong presence in major marketplaces and retail stores, both online and offline. Currently, they have 14 stores across India and plan to open 100 more in the next five years. They operate through three sub-brands: Jaipur Kurti, which is known for its stylish Indian wear; Amaiva, which offers exclusive, affordable high-end fashion; and Desi Fusion, which serves prominent B2B fashion destinations.

Nandani Creation’s core values are trust, quality, and customer satisfaction. They are known for being one of India’s most trusted brands in direct-to-consumer (D2C) Indian wear, maintaining a fair and ethical approach in their business. Jaipur Kurti, in particular, is recognized for its high-quality products, which has helped build a loyal customer base both in India and internationally. Nandani Creation is committed to excellence and believes that their garments act as brand ambassadors.