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Kanpur Plastipack delivered strong Q3 FY26 consolidated performance. Total Revenue surged 20.17% YoY to ₹197.09 Cr, with Net Profit soaring 36.83% YoY to ₹10.70 Cr. EPS for the quarter stood at ₹4.54. FIBC remains the core growth engine, contributing significantly to revenue, with Europe as the largest export market.
The company is strategically focused on scaling FIBC volumes through brownfield capacity expansion and increasing value-added, customized FIBCs. Recent developments include acquiring a 76.19% stake in UK-based Valex Ventures for ₹8.02 Cr, strengthening direct European market access. A new 50:50 Joint Venture, ESSEKAN Private Limited, was formed with Italy's Essegomma S.p.A., focusing on high-performance PP yarn sales with an investment of ₹20 lakh.
Future outlook involves deepening its European footprint, diversifying into non-woven and specialty textiles, and leveraging premium PP yarn for high-value consumer applications, all while maintaining disciplined capital allocation and aligning with sustainability goals.