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