Financial Performance Summary

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue From Operations: ₹102.90 Cr (up 19.06% YoY from ₹86.43 Cr)
  • Operating EBITDA: ₹13.05 Cr (up 19.29% YoY from ₹10.94 Cr)
  • Operating EBITDA Margin: 12.69% (vs 12.66% in Q2 FY26)
  • EBITDA: ₹13.60 Cr (up 5.51% YoY from ₹12.89 Cr)
  • EBITDA Margin: 13.21% (vs 14.91% in Q2 FY26)
  • Profit After Tax: ₹5.02 Cr (up 8.89% YoY from ₹4.61 Cr)
  • PAT Margin: 4.88% (vs 5.32% in Q2 FY26)
  • EPS: ₹0.68 (up 9.50% YoY from ₹0.62)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Revenue From Operations: ₹205.81 Cr (up 21.82% YoY from ₹168.95 Cr)
  • Operating EBITDA: ₹27.47 Cr (up 30.50% YoY from ₹21.05 Cr)
  • Operating EBITDA Margin: 13.35% (vs 12.46% in H1 FY26)
  • EBITDA: ₹30.11 Cr (up 20.63% YoY from ₹24.96 Cr)
  • EBITDA Margin: 14.63% (vs 14.78% in H1 FY26)
  • Profit After Tax: ₹12.27 Cr (up 40.87% YoY from ₹8.71 Cr)
  • PAT Margin: 5.96% (vs 5.15% in H1 FY26)
  • EPS: ₹1.65 (up 41.59% YoY from ₹1.17)

Sequential Performance (Q2 FY27 vs Q1 FY27):

  • Revenue From Operations: ₹102.90 Cr (down 0.01% QoQ from ₹102.91 Cr)
  • Operating EBITDA: ₹13.05 Cr (down 9.50% QoQ from ₹14.42 Cr)
  • EBITDA: ₹13.60 Cr (down 17.68% QoQ from ₹16.52 Cr)
  • Profit After Tax: ₹5.02 Cr (down 30.76% QoQ from ₹7.26 Cr)
  • EPS: ₹0.68 (down 30.69% QoQ from ₹0.98)

Business Highlights

Revenue Performance:

  • Domestic revenue grew 37.37% YoY in Q2 FY27
  • Export revenue declined to ₹14.46 Cr in Q2 FY27 (from ₹22.06 Cr in Q2 FY26) due to geopolitical uncertainties
  • Strong domestic growth more than offset lower export performance

Operational Metrics:

  • Cash Flow from Operations: ₹17.72 Cr in H1 FY27 (up 30.16% YoY)
  • ~1.9 MW group captive wind-solar arrangement commissioned with expected annual savings of ₹1.75 Cr approximately

Joint Venture Performance (Olive Ecopak):

  • Q2 FY27 revenue: ₹21.15 Cr (up 75.52% YoY)
  • Strong EBITDA margin of 31.78%
  • PBT positive before Exceptional Item (flood loss - Insurance Claim under Process once approved this will be reversed)
  • Performance achieved despite flood-related disruption

Management Commentary

Mr. Ramswaroop Radheshyam Thard, Chairman and Managing Director, commented:

  • Demonstrated business resilience despite sharp rise in raw material prices and softer export demand
  • Maintained operating margins despite cost pressures
  • Strong domestic demand offset lower exports
  • Company is a leader in rigid thermoformed food packaging in India
  • Vision to build diversified packaging business with technology, product innovation and capital efficiency
  • Increasing share of value-added products
  • Expanding injection moulding range for domestic market
  • Paper packaging joint venture (Olive Ecopak) delivered strong quarter despite flood disruption
  • Newly commissioned group captive wind-solar plant will contribute to profitability from next year
  • Focus on deepening customer relationships, improving manufacturing productivity, and disciplined capital allocation
  • Healthy cash generation and improving balance sheet position

Company Overview

Rajshree Polypack Limited is a leading manufacturer of rigid plastic packaging solutions serving:

  • Food, beverage, dairy, confectionery and quick service restaurant industries
  • Also serves bakery, fresh produce, pharmaceuticals, cosmetics and industrial packaging

Manufacturing Capabilities:

  • Integrated manufacturing platform: sheet extrusion, thermoforming, printing, sleeving and injection moulding
  • In-mould labelling capabilities
  • India's first vertically integrated 11 layer rigid barrier product line for modified atmosphere packaging (MAP) and retort applications
  • Advanced manufacturing facilities with European machinery
  • Globally recognized certifications: BRCGS and SEDEX

Product Portfolio:

  • Yogurt cups, beverage cups, food containers, fruit punnets
  • Pharmaceutical trays, industrial packaging
  • Specialized barrier packaging solutions

Conference Call Details

  • Date: Wednesday, November 4th 2026
  • Time: 4:00 PM IST
  • Universal Access Number: +91 22 6280 1106, +91 22 7115 8007
  • Toll Free Numbers: Hong Kong: 800 964 448, Singapore: 800 101 2045, USA: 1 866 746 2133, UK: 0 808 101 1573