Financial Performance Highlights

Year-over-Year Growth (YoY):

  • Revenue: 42% growth
  • EBITDA: 43% growth
  • PAT: 95% growth

Segment-wise Revenue Performance (₹ Crore)

| Segment | Q2 FY27 | Q2 FY26 | YoY% | Q1 FY27 | QoQ% | H1 FY27 | H1 FY26 | YoY% |

| Battery Casings | 73.6 | 60.3 | 22% | 88.3 | -17% | 161.9 | 138.8 | 17% |

| Pails & Thin-wall Containers | 41.3 | 32.6 | 27% | 45.8 | -10% | 87.1 | 64.3 | 35% |

| Auto Components & Painting | 15.8 | 3.2 | 392% | 7.5 | 111% | 23.3 | 6.3 | 270% |

Management Commentary

Mr. Munjal Nikunj Kapadia, Managing Director, commented on the company's growth strategy:

  • Focus on building strong customer relationships and manufacturing expertise
  • Expansion into new product categories and end-user industries
  • Investments planned for capacity expansion and advanced manufacturing technologies
  • Targeting opportunities in paint packaging, food-grade containers, automotive components, and bottle/jar segments
  • Commitment to operational capabilities enhancement and product value addition

Strategic Growth Priorities

Scaling Existing Businesses:

  • Strengthening relationships with existing customers
  • Expanding pails and thinwall container portfolio across paint, food, dairy, lubricant, and construction-chemical applications
  • Increasing manufacturing efficiency through automation, process optimization, and better capacity utilization

Expanding into Adjacent Product Categories:

  • Establishing ISBM capabilities for PET, PP and HDPE bottles and jars
  • Evaluating opportunities to expand thinwall packaging manufacturing at Dadra

Strengthening Geographical Presence:

  • Exploring new manufacturing facility in southern India
  • Increasing wallet share with existing customers while adding new customers
  • Strengthening export opportunities across international markets

Building Sustainable Manufacturing Capabilities:

  • Increasing use of recycled polymers
  • Improving energy efficiency through automation and energy-efficient equipment
  • Strengthening quality, process control, and manufacturing standards

Company Background

Manika Plastech Limited is a design-led manufacturer of precision-engineered rigid polymer packaging solutions serving automotive, energy storage, telecommunications, paints, lubricants, agrochemicals, food and dairy industries. The company has 32 designs registered under the Designs Act, 2000, with two submitted for renewal.

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including changes in industry structure, political and economic environment, tax laws, import duties, litigation, and labor relations.