The document contains the transcript of the Q4 & FY26 Earnings Conference Call held on Tuesday, June 02, 2026, which discussed operational and financial performance for the quarter and year ended March 31, 2026.
Management participants included Mr. Ramswaroop Thard (Chairman & Managing Director) and Mr. Sunil Sharma (CFO). The call was moderated by Mr. Kunal Sonawane.
Financial Performance Highlights:
Q4 FY26: Revenue of ₹91.62 crore (vs ₹90.06 crore in Q4 FY25), EBITDA of ₹15.70 crore (vs ₹12.31 crore), PAT of ₹6.38 crore (vs ₹3.63 crore)
Full Year FY26: Revenue of ₹332.18 crore (vs ₹329.74 crore in FY25), EBITDA of ₹50.97 crore (vs ₹46.30 crore), PAT of ₹17.22 crore (vs ₹14.46 crore)
EBITDA margins improved to 15.34% from 14.04% YoY; PAT margins improved to 5.18% from 4.38%
Business Segment Performance:
Exports: FY26 revenue increased 30.1% YoY to ₹70.08 crore from ₹53.87 crore, though Q4 exports declined to ₹14.09 crore from ₹19.55 crore due to Middle East war disruptions
Domestic: FY26 revenue of ₹262.10 crore (vs ₹275.86 crore), with Q4 recovery to ₹77.53 crore from ₹70.50 crore
Product-wise: Injection Moulding grew 51.48% to ₹63.65 crore; Thermoformed packaging stable at ₹199.73 crore; Sheet sales declined to ₹65.99 crore from ₹84.50 crore
Capacity Expansion: Injection Moulding capacity expanded by 45.45% from 3,300 MT to 4,800 MT, with additional 1,000 MTPA under toll manufacturing arrangement taking total to 5,800 MTPA
Olive Ecopak (Joint Venture) Update:
Turned EBITDA positive in FY26 with revenue of ₹52.67 crore (vs ₹16.37 crore) and EBITDA of ₹2.20 crore (vs loss of ₹8.28 crore)
Q4 FY26 revenue increased 91.21% YoY to ₹17.01 crore with EBITDA of ₹2.85 crore (vs loss of ₹1.05 crore)
Net loss narrowed to ₹18.89 crore from ₹22.63 crore
Installed capacity: 7 million units per day, paper coating capacity of 27,000 MT pa, packaging products capacity of 15,000 MT pa
Guidance and Outlook:
FY27 revenue guidance: ₹370-380 crore with EBITDA margins around 15%
FY28 revenue potential: ₹420-430 crore with 16% EBITDA margins
Debt reduction plan: ₹10-15 crore through lower working capital requirements
Olive Ecopak targeting break-even at PAT level in FY27 with revenue around ₹195 crore
The company indicated that no unpublished price sensitive information (UPSI) was shared during the call, and all information discussed was already in public domain or available on the company's website.
Additional Notes Section
The transcript was submitted to the National Stock Exchange of India Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The transcript is available on the company's website at www.rajshreepolypack.com.
The document contains detailed financial data and operational metrics as presented during the earnings conference call.
