Company Overview

Nandani Creation Limited was incorporated as Nandani Creation Private Limited on February 21, 2012, in Jaipur, and later converted into a Public Limited Company on August 12, 2016. The company, which began its journey in 2004 as a proprietorship firm "Nandini Creation," is engaged in the manufacturing and trading of fashion apparel. It trades on NSE under the symbol JAIPURKURT and has established itself as a prominent player in the women's ethnic wear segment.

Founded by Mr. Anuj Mundhra and Vandana Mundhra, the mission was to design and produce Indian women's styles using comfortable fabrics, directly from the factory to the customer. With a vision to provide fashion in a modern retail environment, each style is inspired by India's rich cultural heritage. Every product produced at Nandani Creation Ltd narrates a tale of fabric, needles, and machines through a team of 150+ artisans.

Business Model and Operations

Nandani Creation Limited, along with its subsidiaries, manufactures, wholesales, trades, buys, sells, imports, and exports apparel in India and internationally. It offers dress materials, suits, sarees; garments for men, women, and children, including sportswear, active wear, daily wear, and fashion wear; party wear apparel, purses; and belts, wallets, and other allied goods made from various fabrics like cotton, silk, synthetics, jute, velvet, woolen, leather, and rexine.

NCL focuses on manufacturing and trading women's apparels such as kurtis, dresses, ethnic tops, palazzo, pants, patiala, salwar suits, dupattas, and skirts. The company's brand is recognized for its ethnic wear, particularly kurtis featuring traditional designs with a wide range of colors, patterns, and sizes. It operates its own manufacturing facility in Jaipur and utilizes sales channels including third-party online platforms, its own website, and retail stores.

The company operates under multiple brand names, including "Jaipur Kurti," "Amaiva," and its luxury brand "Jaipur Kurti Luxe." Nandani Creation Ltd. appointed Bollywood Superstar Madhuri Dixit as its brand ambassador in July 2023, who endorses the "Jaipur Kurti" and "Desi Fusion By Jaipur Kurti" brand products, augmenting the company's reach nationwide.

Nandani Creation Ltd. has been expanding its retail footprint through a strategic Store-in-Store (SIS) business model. It has announced a significant partnership with Franchise India to introduce 75 new 'Jaipur Kurti' franchise stores under the brands 'Jaipur Kurti', 'Amaiva', and 'Jaipur Kurti Luxe' across six states by 2027, aiming to provide nationwide access to the brand's collections.

Financial Performance

Nandani Creation Ltd has demonstrated strong financial performance in recent quarters. The company's market capitalization was ₹99.61 Cr as of May 23, 2025.

Recent Quarterly Results:

- Q4 FY24: Consolidated net profit surged by an impressive 149.09% to ₹2.7 crore, compared to ₹1.10 crore in the same quarter of the previous year. Sales witnessed substantial growth, rising by 84.29% to ₹19.59 crore, compared to ₹10.63 crore in the corresponding quarter of the previous year.

- Q3 FY25 (December 2024): Net profit rose 46.67% to ₹0.66 crore, compared to ₹0.45 crore in the previous year's quarter. Sales increased by 59.95% to ₹13.42 crore, compared to ₹8.39 crore in the previous year's quarter.

- Q2 FY25 (September 2024): Sales rose 92.07% to ₹18.40 crore, compared to ₹9.58 crore in the previous year's quarter. Net profit reported was ₹1.22 crore, compared to a net loss of ₹1.75 crore in the previous year's quarter.

- Q1 FY25 (June 2024): Net profit reported was ₹1.14 crore, compared to a net loss of ₹0.90 crore in the previous year's quarter. Sales rose 139.26% to ₹18.04 crore, compared to ₹7.54 crore in the previous year's quarter.

- For the quarter ended in 2025, on a consolidated basis, Nandani Creation Ltd reported a profit of ₹0.68 crore on a total income of ₹20.31 crore.

Key Financial Metrics

- The company's 52-week high share price is ₹59.00 and the 52-week low share price is ₹30.44.

- P/B Ratio: 1.53 times (as of 22-Jul-2024), which is a 59% discount to its peers' median of 3.72 times.

- P/E Ratio: 123.36 times (as of 22-Jul-2024), which is a 293% premium to its peers' median of 31.38 times.

Shareholding Pattern

- Promoter holding in Nandani Creation Ltd decreased to 41.31% as of April 2025 from 45.69% as of September 2024.

- Promoters have pledged 40.6% of their holding.

Management and Leadership

- Chairman & Managing Director: Mr. Anuj Mundhra

- Company Secretary: Gunjan Jain

Mr. Anuj Mundhra is leading the company's strategic initiatives and expansion plans. The leadership remains optimistic about future growth prospects, citing strong performance in the last quarter and a robust, expanding retail store portfolio along with the increasing reach of the SIS distribution channel as catalysts for future growth and an improved position in the competitive ethnic wear market.

Nandani Creation Ltd continues to strengthen its position through strategic brand partnerships, retail expansion, and a focus on quality manufacturing, making it a notable player in India's fashion retail sector.