FMCG revenue share
82%
+82pp YoY
FMCG and intermediates now dominate revenue, up from nil in FY24.
SUNRAKSHAKKINDIA
Other
2026-02-??
Sunrakshakk Industries India Ltd — Q3 FY26
Sunrakshakk Industries reported a transformative quarter with consolidated revenue of ₹164 crore, up 517% YoY, driven by the rapid scaling of its FMCG and FMCG intermediate businesses, which now contribute 82% of revenue.
✓ Verified against BSE filing
2-Min Summary
Sunrakshakk Industries reported a transformative quarter with consolidated revenue of ₹164 crore, up 517% YoY, driven by the rapid scaling of its FMCG and FMCG intermediate businesses, which now contribute 82% of revenue. EBITDA grew 158% YoY to ₹15.26 crore, though margins contracted 30bps sequentially due to the higher share of lower-margin FMCG revenue. PAT surged 328% YoY to ₹9.41 crore. Management reiterated its medium-term aspiration of ₹1,000 crore revenue by FY28, with FMCG expected to contribute 90%. Capacity utilization at the new Bhati facility is expected to reach 85% by Q4 FY26, supported by secured orders from MNCs. Key risks include margin pressure from the ongoing revenue mix shift and execution risk in scaling new capacities.
Key Numbers
Soap noodles capacity utilization
40-45%
N/A
Current utilization; expected to reach 85% by Q4 FY26.
Soap noodles contribution to FMCG revenue
50%
N/A
Soap noodles account for half of FMCG segment revenue.
Group company (RCM) share of FMCG revenue
40%
N/A
RCM contributes 40% of FMCG revenue; expected to decline to 30-35% as other clients grow.
Management Guidance
Revenue target of ₹1,000 crore by FY28
Management targets approximately ₹1,000 crore revenue by FY28, with FMCG contributing 90%.
revenuePAT margin target of 7% by FY28
Management aims for a consolidated PAT margin of 7% by FY28.
marginsCapacity utilization to reach 85% by Q4 FY26
Soap noodles capacity utilization expected to increase from 40-45% to over 85% by end of Q4 FY26.
growthFMCG revenue share to reach 90% by FY28
FMCG segment expected to contribute 90% of total revenue by FY28, up from 82% currently.
growthKey Risks
Margin pressure from revenue mix shift
As FMCG (lower margin) grows faster than textile, blended margins may compress despite segment-level improvement.
medium · data_observationExecution risk in capacity ramp-up
Achieving 85% utilization by Q4 FY26 depends on timely order fulfillment and production stability.
medium · management_commentaryDependence on group company RCM for demand
RCM contributes 40% of FMCG revenue; any slowdown in RCM's growth could impact Sunrakshakk's performance.
medium · analyst_questionNo concrete B2C brand strategy
Management was vague on plans to launch own B2C brand, which could limit long-term margin expansion.
low · analyst_questionNotable Quotes
We are aiming for a PAT of 7% by the FY28.
We are operating at somewhere 40-45% of capacities as of now. By end of the quarter we are expecting almost more than 85% of the capacity utilization by end of Q4.
We are steadily progressing towards our medium-term aspiration of achieving approximately 1,000 crores of revenue by 2028.