Nitta Gelatin Reports Strong Q2 Growth and Board Changes

Standalone profit reached Rs 37.17 crore for the quarter ended September 30, 2026.
Revenue from operations climbed to Rs 168.82 crore from Rs 138.07 crore in the same quarter last year.

Reader Takeaway: Strong operational profitability is offset by pending litigation and the ongoing effort to dispose of non-core subsidiary assets.

What just happened

Nitta Gelatin India Ltd has declared its financial results for the quarter ended September 30, 2026, showcasing a robust bottom-line expansion. Alongside the financial disclosures, the company board initiated a postal ballot process to appoint Mr. Snehil Kumar Singh (IAS) as the new Nominee Director for the Kerala State Industrial Development Corporation (KSIDC), who will replace Mr. Arun K. Vijayan.

Why this matters

The jump in standalone profit from Rs 26.14 crore to Rs 37.17 crore signals efficient operational management despite a challenging environment for its discontinued subsidiary segment. Investors are closely watching the disposal process for Bamni Proteins Limited, which remains classified as "Assets Held for Sale" as the company seeks better valuation than current market offers.

Risks to watch

The company remains embroiled in a customs duty dispute dating back to FY 2018-19. A contingent liability of Rs 18.20 crore is currently pending before the Supreme Court, which granted an interim stay on a prior High Court judgment. This long-standing litigation remains a key monitoring point for shareholders.

Context metrics (time-bound)

• Revenue: Rs 168.82 crore (Q2 2026) vs Rs 138.07 crore (Q2 2025)
• EPS: Rs 40.94 (Q2 2026) vs Rs 28.79 (Q2 2025)

What to track next

Watch for the successful disposal of Bamni Proteins' assets and updates on the Supreme Court proceedings regarding the customs duty liability.