PAKKA LIMITED — Investor Meet, 09-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Pakka Limited's Q3 & 9M FY26 results show profitability rebound despite a slight YoY revenue dip, driven by operational efficiency. Food services revenue improved QoQ; B2C segment grew 80% YoY with higher margins.

Project Jagriti is on track, with PM3 stabilized and PM4 (new paper machine) nearing commissioning by Q1 FY27. Jagriti's 515 Cr Capex has a 60 Cr equity gap, expected to be met internally and by promoters. The Guatemala project is paused to focus on India. New leak-proof delivery products are launching. Management acknowledges past optimism, now focusing on realistic execution and operational targets of 8,000-9,000 tons/month by calendar year-end. Sentiment: Cautiously optimistic on execution.