Key Financial Results

Quarterly Performance (Q2 FY26-27) - Consolidated:

  • Turnover: ₹2,053.69 crore (up 11% year-on-year)
  • EBITDA: ₹300.86 crore (up 26% year-on-year)
  • Profit Before Tax (PBT): ₹143.72 crore (up 48% year-on-year)
  • Profit After Tax (PAT): ₹102.10 crore (up 36% year-on-year)

Half-Year Performance (H1 FY26-27) - Consolidated:

  • Turnover: ₹4,052.36 crore (up 12% year-on-year)
  • EBITDA: ₹621.76 crore (up 21% year-on-year)
  • Profit Before Tax (PBT): ₹326 crore (up 53% year-on-year)
  • Profit After Tax (PAT): ₹237.76 crore (up 50% year-on-year)

Management Commentary

Shri Harsh Pati Singhania commented that "Better product mix has contributed to improved performance during the quarter compared to the corresponding period. The Packaging Conversion businesses continues to show an increasing trend both in terms of revenue and profit."

Corporate Action

During the quarter, JK Paper Limited acquired the remaining 20% stake in Radheshyam Wellpack Private Limited (RWPL). Consequently, RWPL has become a Wholly Owned Subsidiary Company of JK Paper Ltd.

Credit Rating Update

CRISIL Ratings Limited reaffirmed its ratings:

  • "CRISIL AA/Stable" on Bank facilities and Non-Convertible Debentures (NCDs)
  • "CRISIL A1+" on Commercial Papers of the Company

Operational Highlights

The Company continued its focus on social farm forestry initiatives around all plant locations to strengthen availability of adequate raw material besides improving green cover in the states of Odisha, Gujarat, Andhra Pradesh, Telangana, and Maharashtra.

  • Total saplings planted during the first six months of FY26-27: 6.63 crore
  • Area covered: 47,532 acres

CSR Activities

CSR activities for Q2 FY26-27 covered:

  • 927 villages across 8 states and 1 Union Territory
  • Over 7.25 lakh direct beneficiaries

Key areas of intervention included Livelihood Promotion through Farm and Non-Farm Based Income Generating Activities, Women Empowerment, Education & Skill Development, Healthcare, Environment & Natural Resource Management, Promotion of Art & Culture, Sports Inclusive Community Development, Supporting specially abled persons, and Rural Infrastructure.

Awards and Accolades (Q2 FY26-27)

Company-wide Awards:

  • India Star Award 2026 from Indian Institute of Packaging (Autonomous Institute under MOCI, Govt. of India) for:
  • JK Aqua Sustainable coated paperboard product for food serving
  • JK Pac Fresh New food wrapping paper pack

Unit JKPM Awards:

  • 27th National Award for Excellence in Energy Management from Confederation of Indian Industries (CII), Hyderabad
  • Gold Award at the 8th CCQC organized by QCFI Bhubaneswar

Unit CPM Awards:

  • The Gujarat State Best Employer Brand Awards 2026 Conferred by World HRD Congress
  • Excellent Energy Efficient Unit & National Energy Leader from Confederation of Indian Industries (CII), Hyderabad
  • Gold Award from CII Digitalization & Artificial Intelligence for Quality Improvements
  • Best QCC Award & 4 Gold Awards at the 8th Chapter Convention on Quality Concepts (SCCQC-2026) organized by QCFI Gujarat

Company Profile

JK Paper Ltd. is the market leader in Branded Copier Paper in India and amongst the top producers of Coated Paper and Packaging Boards in the Country. The Company focuses on value added products like Copier, Bond, Security, Coated Papers, Virgin Fiber Packaging Boards, High-end Maplitho, Food Grade Papers, Boards, Corrugated Boxes, Mono Cartons, Labels and Animal Nutrition. The company describes itself as wood and carbon positive.