Nicholas Piramal India today reported a 26% decline in consolited net profit at Rs 120.65 crore for the year ended March 31, 2006 when compared with Rs 164.05 crore for the year ended March 31, 2005.According to a release issued by the company to the BSE today, total income increased to Rs 1,621.72 crore in FY06 from Rs 1,341.65 crore in FY05.