PAKKA earnings calls.

Pakka Limited reported Q3 FY26 results showing sequential rebound following PM3 capacity expansion challenges, though year-on-year performance remained pressured due to 4% price decline partially offset by operational efficiency improvements. The management acknowledged execution delays on prior commitments, adopting a more conservative tone for future guidance. Project Jagrati capex stands at Rs 515 crCurrent Rs 515 Cr. Reported change: Total committed.ore (equity Rs 198 crore, bank loans Rs 308 crore), with commissioning targeted for July 2026 and Rs 60 crore additional equity infusion required by Q1 FY27. The Guatemala/Kawwok project has been strategically paused to focus resources on India stabilization, with $5 million already deployed. Food Services B2C revenue surged 80%Current 80%. Reported change: +80% YoY (9M). YoY, supported by new channel additions, while the premium delivery range product is slated for Q4 launch. Management projects 8,000-9,000 tons monthly capacity by calendar year-end post-expansion. Key risks include customer sustainability commitment rollback, promoter equity funding timeline, and delayed product commercialization in flexible packaging.