Nitin Spinners Records Softer Q2 As Revenue And Profit Face Market Pressures

Corporate Update

Nitin Spinners Records Softer Q2 As Revenue And Profit Face Market Pressures

Nitin Spinners reported a weaker financial performance in the second quarter of FY26 as global demand volatility and price pressure affected the company’s operational momentum. The textile manufacturer posted revenue of ₹828.78 crore for Q2, reflecting a decline of 4.9% from the same period last year. Net profit dropped sharply to ₹17.75 crore compared to ₹31.92 crore in Q2 of the previous fiscal, signalling margin compression across key product categories.

The company’s EBITDA stood at ₹105.42 crore during the quarter, down from ₹122.56 crore a year ago, while the EBITDA margin slipped from 14.2% to 12.7%. Industry analysts noted that soft yarn prices, fluctuating cotton costs, and a cautious global buying environment contributed to the subdued performance. Exports, which account for a significant share of Nitin Spinners’ turnover, were impacted by slower order flows from major markets.

Despite the quarterly dip, the company continues to invest in efficiency enhancements and maintain its long-term expansion strategy. Management remains optimistic about demand revival as global retail inventory levels stabilize and India strengthens its position in cotton textiles. The broader textile sector expects improved traction in the coming quarters as brands shift sourcing toward competitive and compliant suppliers.

The company’s EBITDA stood at ₹105.42 crore during the quarter, down from ₹122.56 crore a year ago, while the EBITDA margin slipped from 14.2% to 12.7%. Industry analysts noted that soft yarn prices, fluctuating cotton costs, and a cautious global buying environment contributed to the subdued performance.

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