Export Revenue
₹20.54 Cr
+40.8% YoY
Exports grew strongly driven by injection molding products from existing customers.
RAJSHREEPOLYPACK
Other
15 Feb 2026
RAJSHREE POLYPACK LTD — Q3 FY26
Rajshree Polypack reported a mixed Q3 FY26: revenue declined 1.49% YoY to ₹71.62 crore due to softer domestic demand and lower sheet realizations, but EBITDA grew 13.82% YoY to ₹10.3 crore and PAT jumped 25% YoY to ₹2.13 crore, driven by better product mix...
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Rajshree Polypack reported a mixed Q3 FY26: revenue declined 1.49% YoY to ₹71.62 crore due to softer domestic demand and lower sheet realizations, but EBITDA grew 13.82% YoY to ₹10.3 crore and PAT jumped 25% YoY to ₹2.13 crore, driven by better product mix and cost controls. Exports were a bright spot, surging 40.8% YoY to ₹20.54 crore, led by injection molding. Domestic revenue fell 12% YoY to ₹51 crore, though management expects recovery in Q4. The Olive EcoPack JV is scaling up, targeting ₹19-20 crore revenue in Q4 and breakeven soon. A renewable power deal and loan restructuring will save ~₹2.5 crore annually. Risks: JV accumulated losses of ₹24 crore (total) may delay profitability, and domestic recovery remains uncertain.
Key Numbers
Injection Molding Revenue
₹17.6 Cr
+38% YoY
Strongest performing segment, primarily driven by export demand.
Olive EcoPack Revenue
₹15.69 Cr
+30.2% QoQ
JV revenue increased from ₹12.05 Cr in Q2; EBITDA margin improved to 7.33%.
Extrusion Capacity
25,600 MTPA
+1,600 MTPA
Increased from 24,000 MTPA to strengthen backward integration.
Management Guidance
FY27 Plastic Revenue Target
Management targets ₹360-370 crore revenue for the plastic business in FY27, utilizing existing capacity without major capex.
Management guidance revenueFY27 Paper Business Revenue Target
Olive EcoPack JV is expected to achieve ₹120-130 crore revenue in FY27 and ₹180-190 crore in FY28.
Management guidance revenueMargin Improvement Target
Plastic business EBITDA margin targeted at 15-15.5% and paper business at 16-16.5%.
Management guidance marginsWorking Capital Reduction
Management aims to reduce working capital by ₹10-15 crore over the next two quarters.
Management guidance otherKey Risks
JV Accumulated Losses
Olive EcoPack JV has accumulated losses of ₹24 crore (total), which may take 1-1.5 years to recover before contributing to profitability.
high · analyst_questionDomestic Demand Recovery Uncertainty
Domestic revenue declined 12% YoY due to lower raw material prices and seasonal moderation; recovery in Q4 is expected but not guaranteed.
medium · management_commentaryEmployee Attrition
Recent resignation of HR head and company secretary raises concerns about talent retention, though management downplays impact.
low · analyst_questionNotable Quotes
We are looking at around 360 to 370 odd cr revenue for 27 and without any further major capex our capacity is around 400 odd cr.
We have signed a term sheet with a renewable power producer to purchase renewable power at a lower price under captive arrangement... we expect to save around 1.5 cr approximate per annum in power cost.
With the ease in the tariff in US, we expect to restart discussion with US customers and will start exporting to US from quarter 1 of FI27.
Frequently Asked Questions
What was RAJSHREE POLYPACK's revenue in Q3 FY26?
RAJSHREE POLYPACK reported revenue of ₹72 Cr in Q3 FY26, representing a -1.49% change compared to the same quarter last year.
What guidance did RAJSHREE POLYPACK management give for FY27?
FY27 Plastic Revenue Target: Management targets ₹360-370 crore revenue for the plastic business in FY27, utilizing existing capacity without major capex. FY27 Paper Business Revenue Target: Olive EcoPack JV is expected to achieve ₹120-130 crore revenue in FY27 and ₹180-190 crore in FY28. Margin Improvement Target: Plastic business EBITDA margin targeted at 15-15.5% and paper business at 16-16.5%. Working Capital Reduction: Management aims to reduce working capital by ₹10-15 crore over the next two quarters.
What are the key risks for RAJSHREE POLYPACK in FY27?
Key risks include JV Accumulated Losses — Olive EcoPack JV has accumulated losses of ₹24 crore (total), which may take 1-1.5 years to recover before contributing to profitability.; Domestic Demand Recovery Uncertainty — Domestic revenue declined 12% YoY due to lower raw material prices and seasonal moderation; recovery in Q4 is expected but not guaranteed.; Employee Attrition — Recent resignation of HR head and company secretary raises concerns about talent retention, though management downplays impact..
Did RAJSHREE POLYPACK meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full RAJSHREE POLYPACK Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.