Nitco Ltd. — Investor Presentation 2026

May 19, 2026

NITCO

TILES MARBLE MOSAICO

NITCO/SE/2026-27/11

May 19, 2026

To,

| Corporate Service Department
BSE Limited
Jeejeebhoy Towers
Dalal Street,
Mumbai – 400 001
Script code: 532722 | The Listing Department
National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex, Bandra (E),
Mumbai – 400 051
Script code: NITCO |
| --- | --- |

Sub: Submission of Investor Presentation for Q4 FY 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the Listing Regulations"), as amended, please find enclosed herewith the Investor Presentation for Q4 FY 2026 of the Company.

The said presentation is also being uploaded on the website of the Company at www.nitco.in.

Kindly take the above information on your records.

Thanking You,

Yours Sincerely,

For Nitco Limited

VIVEK
Digitally signed by
VIVEK PRANNATH
TRANNAT
TALWAR
Date: 2026.05.19
13:14:13 +05'30'
H TALWAR

Vivek Talwar

Chairman & Managing Director

DIN: 00043180

Encl.: As above

Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800 | 25772790. CIN: L26920MH1966PLC016547.

Email: investorgrievances@nitco.in Website: www.nitco.in

TÜV NORD
TÜV SÜD
180 2000

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NITCO
TILES MARBLE MOSAICO

INVESTOR PRESENTATION

Q4 FY 2025-26

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INVESTOR PRESENTATION

Contents

1. Managing Director's Message
2. Business Overview
3. Key Events in Q4 FY 26
4. Profit and Loss Statement
5. Growth Drivers and Projections
6. Shareholding Pattern

INVESTOR PRESENTATION

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01

Managing Director's Message

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NITCO
THEIR HARBOR MONTH

Managing Director’s Message

☐ This year delivered strong momentum for NITCO, with the marble business tripling in scale and strategic investments accelerating growth. FY26 recorded a 54% year-on-year revenue increase of its legacy business, reflecting growth with stronger execution

☐ The iDAC 2026 showcase highlighted NITCO’s premium marble offerings, introducing the design community to NITCO’s evolving marble portfolio. The exhibition featured an exclusive and wide selection of marble sourced from iconic quarries across the world, reflecting timeless luxury and contemporary surface design.

☐ NITCO continues to strengthen its retail footprint through new store launches, enhanced experience centres, and an expanding franchisee network across key markets. With a strong focus on improving customer experience and design-led retail, the brand remains committed to bringing world-class marble, tiles, and mosaic surfaces closer to architects, interior designers, and consumers

☐ FY 27 will also bring exponential growth in the emerging segment of real estate business

MESSAGE FROM OUR LEADER

Dear Shareholders

As we conclude FY 2025–26, NITCO continues to strengthen its focus across tiles, marble, and mosaic through premium product launches, industry exhibitions, and our national dealer launch initiatives. Alongside expanding our design-led offerings, we remain committed to growing our franchisee and retail network across India to further strengthen NITCO’s market presence.

We thank our shareholders, partners, and stakeholders for their continued trust and support in the NITCO journey.

Warm Regards,

Vivek Talwar

Chairman & Managing Director, NITCO Limited

INVESTOR PRESENTATION

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5

02

Business Overview

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INVESTOR PRESENTATION

About NITCO

LEGACY

A leader in the surface industry, known for its innovation, quality, and sustainability for more than 70 years

Listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) since 2006

MOAT

Cutting-edge technology with nature-inspired designs, making us the preferred choice for architects, builders, and discerning clients

NETWORK

Export to 21+ countries, setting new benchmarks in the global tile and marble industry

Marble sourced from 25+ countries directly from quarries

350+ active dealers, 9 exclusive Le Studio experience centers and 90+ franchise stores

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NITCO
THEY WHILE MOSAIC

Product portfolio – Tiles, Marble and Mosaic under one roof

Tiles

• In house design excellence ensuring superior and trend leading tile design
• Top quality tiles
• Premium differentiated brand of choice for Architects and Builders

Marble

• Only automated Breton marble plant in India using Italian technology and amongst five such plants globally
• Sourced from over 25 countries directly from quarries

Mosaic

• Only organized player with multi-surface mosaic capability, enabling differentiated product offerings and market leadership

Real Estate

• Owns several marquee land parcels, partners with leading developers and executes joint development agreements

INVESTOR PRESENTATION

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NITCO
THEIR MARBLE, MOSAICZ

Product portfolio

State of Art – Marble plant at Silvassa

Cutting edge Mosaic plant at Silvassa

Product portfolio

Select Product Portfolio- Tiles

Glazed Vitrified Tile

Double Charge

Ceramic Floor and Wall

Select Product Portfolio- Marble

Barmant Maestro Marble

Rosso Armani Marble

Cappolino Quorzo Marble

Select Product Portfolio- Mosaic

Mosaic

Inlays

INVESTOR PRESENTATION

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NITCO
THE HUMAN INDUSTRY

Real Estate – The surface of luxury

• NITCO's Real Estate division drives long-term value through strategic development and asset monetization of its extensive land portfolio across high-potential regions to transform prime acreage into thriving urban and luxury projects
• The company's real estate initiatives unlock significant financial strength and support sustainable growth, complementing its core building materials business

Summary of Land Bank

150+ acres - Mumbai
(Virar, Panvel, Goregaon, Thane and Kanjurmarg)
~3 acres - Pune
160+ acres - Alibaug
(Shreegaon Village, Karle, Lonare)
130+ acres - Khed
~4 acres - Goa
~ 445+ acres
of land across
Maharashtra
and Goa

Recent deals done

01
Thane Plot Monetization
Transferred its plot securing 7.459 sq.m of saleable area with an estimated ₹100 crore realization

02
Alibaug plot development
Signed a JDA with Total Environment, expected to yield ₹350 crores over 3 years

Upcoming pipeline over the next 24 months

Lonare, Alibaug
Thal, Alibaug
Poinad-Ambepur
Pipeline
of
45+ acres
World (Opera)
Mule, Alibaug
Thane
Dhakawade &
Bodani, Alibaug

NITCO has unlocked INR 58 crores in FY26 and targets unlocking substantial cashflow of ~ INR 1,000+ crores over the next 3-5 years

INVESTOR PRESENTATION

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10

03

Key Events in Q4 FY 26

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iDAC Expo 2026

NITCO

THE HUMAN RESOURCES

At the iDAC Exhibition, our participation was strategically focused on showcasing NITCO's premium marble offerings to the architect and design community. The exhibition highlighted our wide range of curated and exotic marble surfaces, sourced from renowned quarries across the world, reinforcing NITCO's positioning in high-values surface design.

INVESTOR PRESENTATION

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NITCO
THE HUMBLE INDUSTRY

Key event numbers

• During the quarter, NITCO conducted 22 focused stakeholder engagements, comprising 4 Architect Meets, 15 DSM Meets, and 3 Mason Meets. These interactions enabled direct engagement with key decision-makers and influencers, strengthening relationships, increasing product awareness, and driving specification-led demand across markets.

• This momentum was further supported by the launch of 15 new stores, marking a significant expansion of the retail footprint. Key highlights include the opening of Le Studio in Kolkata and a new franchise store in Indore, reinforcing presence in strategically important, high-growth regions.

• Collectively, these initiatives have enhanced brand visibility, deepened channel and stakeholder connect and strengthened NITCO's positioning within the premium surfaces and design-led solutions segment.

INVESTOR PRESENTATION

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NITCO
THE WORLD WONS

New experience center launch - KOLKATA

Kolkata – West Bengal

• The Kolkata store relocation was a strategic move aimed at strengthening NITCO's presence in a more premium and high-potential market. By shifting to a better catchment and more accessible location, the new store enhances brand visibility, improves customer experience, and aligns with evolving market dynamics.
• The relocation reflects NITCO's focused approach towards optimizing its retail network for better productivity and long-term growth in key markets like Kolkata.

INVESTOR PRESENTATION

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NITCO
THE HUMBLE INDUSTRY

New store launch - FRANCHISEE

Indore–Madhya Pradesh

• This quarter, NITCO strengthened its retail footprint with the successful launch of 15 new stores across key markets in India.
• Among these, the newly opened location in Indore marks NITCO’s entry into the Madhya Pradesh market, representing a strategic expansion into a high-growth urban centre, enhancing brand visibility and customer accessibility.
• This expansion aligns with NITCO’s broader growth strategy of deepening market penetration, strengthening dealer networks, and delivering premium surface solutions closer to customers.
• The consistent rollout of new stores reflect strong execution capability and reinforces NITCO’s position as a leading player in the tiles, marble, and mosaic segment.

INVESTOR PRESENTATION

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NITCO
THE HUMAN INDUSTRY

Newly launched ‘Tiles Collection – Linear Structured Punch’

AZUL MACAUBAS

BURBERRY DECOR

AVALLEON SLATE

COLAB DECOR

• Collection Overview - A curated mix of marble-inspired elegance, nature-driven patterns, subtle textures, and contemporary geometrics, crafted to deliver a cohesive and versatile design offering.
• Design Philosophy - Balances premium aesthetics with functional adaptability, enabling seamless integration across base surfaces, feature walls, and accent elements across residential and commercial spaces.

• Application Versatility - Designed to support layered compositions, combining surfaces, décor elements, and textures to create depth, continuity, and spatial harmony.

• USP - A thoughtfully coordinated range that allows effortless pairing of materials, finishes, and patterns while maintaining a consistent premium visual language.

• Range Composition - Curated Surface Expressions includes a diverse mix of marble-inspired finishes, nature-led textures, and contemporary geometric patterns, offering flexibility across design styles and project scales.
• Design Aesthetics - Modern, Warm and Enduring reflects a contemporary design approach that integrates luxury, warmth, and visual depth, aligned with evolving architectural and interior trends.

INVESTOR PRESENTATION

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NITCO
THEY WHEEL MONIC

Branding Activities

Franchisee opening

Van Branding

INVESTOR PRESENTATION

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NITCO
THE HUMAN INDUSTRY

Branding Activities

Mason meets

• Correct installation methods and practices
• Sales and technical support guidance
• Detailed explanation of tile specifications

Architect & Engineers meets

• Tile engineering and design fundamentals
• Design-led technical product explanation
• Design, durability, and compliance discussion

INVESTOR PRESENTATION

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18

04

Profit and Loss Statement

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NITCO
TILES, MARBLE, MOSAIC

Financial Performance of Tiles, Marble and Mosaic Business

• YoY Revenue grew by 54% from FY25 to FY26 and 63% from Q4 FY 25 to Q4 FY 26. QOQ revenue grew by 16% from Q3 FY26 to Q4 FY26
• The growth is supported by debt restructuring, working capital infusion, and fund-raising support by Authum
• Additionally, the company recorded INR 58 crores from the real estate business in FY26 (not included above)

INVESTOR PRESENTATION

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NITCO
THE HUMAN INDUSTRY
In INR Crores

Profit & Loss Statement– Company

Particulars	Q4 FY26	Q4 FY 25	YoY (%)	Q4 FY26	Q3 FY 26	QoQ (%)	FY 26	FY 25	YoY (%)
Revenue from operations	151.75	92.93	63%	151.75	131.18	16%	539.71	311.77	73%
Other Income	1.44	9.81	-85%	1.44	1.75	-17%	8.36	12.97	-36%
Total Income	153.19	102.74	49%	153.19	132.92	15%	548.08	324.74	69%
Expenditure
Cost of Materials Consumed	31.63	12.76	-148%	31.63	24.31	-30%	87.85	37.80	-132%
Purchase of Stock In Trade	77.32	55.11	-40%	77.32	69	-12%	259.27	197.70	-31%
Salary, Wages & Others	19.04	14.18	-34%	19.04	17.53	-9%	66.75	53.80	-24%
Employee Stock Options	1.39	-	100%	1.39	1.42	2%	9.18
Depreciation	1.67	2.99	44%	1.67	1.51	-11%	-8.35	187.22	104%
Finance Cost	1.54	2.31	33%	1.54	1.06	-45%	4.68	66.29	93%
Other Expenses	26.97	17.34	-56%	26.97	24.71	-9%	90.49	56.30	-61%
Total Expenses	159.55	104.68	-52%	159.55	139.54	14%	509.85	599.11	-15%
EBITDA – Excluding ESOP expenses	-1.76	3.36	-152%	-1.76	-2.63	33%	43.73	-20.86	310%
EBITDA Margin (%) – Excluding ESOP expenses	-1.2%	3.3%		-1.2%	-2%		8.0%	-11%
EBIDTA	-3.15	3.36	-194%	-3.15	-4.05	22%	34.55	-20.86	266%
EBITDA Margin (%)	-2.1%	3.3%		-2.1%	-3%		6.3%	-11%
Reported PBT before exceptional item	-6.36	-1.94	-228%	-6.36	-6.62	4%	38.22	-274.37	114%
Exceptional items – gain/(loss)²	-	-		-	-4.00	-100%	-4.00	-461.85	99%
Reported PAT	-6.36	-1.94	-228%	-6.36	-10.62	40%	34.22	-736.22	105%

Notes:

1. Exceptional item in the profit & loss statement for Q3 FY 26 includes financial implication from the changes to the employee benefit plans arising from legislative amendments referred to as the "new labour code". Hence, one-time additional provision of INR 4 Cr is made towards increase in gratuity and leave liability.

INVESTOR PRESENTATION

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21

05

Growth Drivers & Projections

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NITCO
TILES WORLD | MONAIC

Growth drivers and projections for Tiles, Marble and Mosaic

INVESTOR PRESENTATION

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23
06

Shareholding Pattern

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Shareholding

NITCO

THE HAGUE INITIATIVE

Shareholding Pattern on fully diluted basis as on March 31, 2026 (Post conversion of warrants)

■ Promoter and Promoter Group
■ Authum Investment And Infrastructure Limited
■ Others

Authum Investment & Infrastructure Ltd ("Authum")

• Authum is a listed NBFC having net worth of - INR 16,028 crore as on December 31, 2025
• It deals in long term equity investments, strategic investments, financial investments and is also diversifying into a fully integrated credit platform
• Authum joined as a financial investor, restructured the company's debt, infused working capital, and supported fund-raising efforts, effectively addressing post-COVID capital structure challenges

Source: NSE, As on March 31, 2026

INVESTOR PRESENTATION

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NITCO
TECH NAMBUL MONACO

Board of Directors and Management Team

Board of Directors

Mr. Vivek Talwar
Promoter, Chairman & Managing Director

Ms. Poonam Talwar
Promoter & Non-Executive Director

Dr. Ajaybir Singh Jasbir Singh Bakshi
Independent Director

Mr. Harsh Kedia
Independent Director

Ms. Priyanka Agarwal
Independent Director

Mr. Santhosh Kumar Shet
Independent Director

Management Team

Mr. Vivek Talwar
Promoter, Chairman & Managing Director

Mr. Amit Dhawan
Senior Advisor and Consulting Partner

30+ years of global leadership experience across staffing, logistics, security & business services

Mr. Kamal Abrol
Chief Financial Officer

30+ years of leadership experience across global finance, strategic transformation, and fintech with organizations including G4S plc, IndiGo, and TRC Securities.

Mr. Subrata Basu
Vice President – Marketing

20+ years of experience, combining marketing, sales, and business management expertise to build brands

Mr. Diviyang Chheda
President – Operations

31+ years of experience across building materials, retail, and office supplies

Mr. Ajeet Kumar Singh
Vice President – Sales (Tiles)

22+ years of leadership experience across reputed organizations

Ms. Anikaa Wasan
Director – Sales (Marble)

10+ years of professional experience, including 8+ years of specialized expertise in the marble and natural stone sector.

Ms. Rupali Kambli
Company Secretary & Compliance Officer

11+ years of experience with expertise in corporate governance, regulatory compliance, risk management, and shareholder relations

Mr. Gourav Roy Chowdhury
General Manager
- Information Technology

18 years of experience across the retail and manufacturing industries.

INVESTOR PRESENTATION

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NITCO
THEIR HUMANE RESOURCES

Disclaimer

• This Corporate Presentation has been prepared by NITCO Limited ("Nitco") solely for informational purposes and does not constitute a prospectus, statement in lieu of a prospectus, letter of offer or placement memorandum or an offer to purchase or sell securities under the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 or any other applicable law, as amended from time to time. This document should not be construed as legal, financial, accounting, tax, or investment advice.

• This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein.

• The information and opinions contained herein are provided as of date of this presentation and are subject to change without further notice. This presentation has been prepared by the Company based upon the company's data and/or information available in the public domain. This presentation has not been approved and will not be reviewed or approved by any statutory or regulatory authority in any jurisdiction including India or by any stock exchange in India.

• Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements", including those relating to the general business plans and strategy of Nitco, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as 'will', 'expected to', 'horizons of growth', 'strong growth prospects', etc., or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements as a result of various factors and assumptions, including future changes or developments in its business, its competitive environment, information technology and political, economic, legal, regulatory, environmental and social conditions in India. The Company, its directors, employees, or advisors assume no liability for any loss arising from the use of this presentation or its contents. Nitco undertakes no obligation to publicly update or revise any forward-looking statements, whether due to future developments, new information, or otherwise.

• Further, no representation or warranty expressed or implied is made nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information. Also, no representation or warranty, express or implied, is made that such information remains unchanged in any respect as of any date or dates after those stated herein with respect to matters concerning any statement made in this presentation.

• This presentation cannot be copied and disseminated in any manner. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Nitco.

• This presentation and its contents are confidential and are provided to the recipient solely for internal evaluation. Distribution, reproduction, or disclosure, in whole or in part, without prior written consent of Nitco is strictly prohibited.

• All trademarks, logos, product names, and brand elements appearing herein are the property of Nitco Limited or their respective owners. Unauthorized use or reproduction is prohibited.

• Nothing contained in this presentation shall create any contractual or legal obligation on the part of Nitco to proceed with any transaction or course of action.

• Certain information herein may have been sourced from third parties. While such sources are believed to be reliable, Nitco does not independently verify and disclaims any responsibility for their accuracy.

• This presentation and its contents shall be governed by and construed in accordance with the Laws of India, and any dispute shall be subject to the exclusive jurisdiction of the Courts at Mumbai.

INVESTOR PRESENTATION
26

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Corporate Office

NITCO House
Sheth Govindram Jolly Marg, Kanjurmarg East, Mumbai 400042

f in

www.nitco.in | 1800 266 4826

INVESTOR PRESENTATION