Manika Plastech Limited announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a robust 42% year-on-year revenue growth in Q2 FY27, reaching ₹151 crore. EBITDA saw a 43% increase to ₹20 crore, and Profit After Tax surged by 95% to ₹10 crore. For H1 FY27, revenue grew by 35% to ₹314 crore, with EBITDA up 41% and PAT increasing by 75%.
Manika Plastech Reports Strong Financial Performance for Q2 and H1 FY27
Manika Plastech Limited, a manufacturer of rigid polymer packaging solutions, today announced its financial results for the second quarter and the first half of the financial year 2027, ending September 30, 2026. The company demonstrated significant year-on-year growth across key financial metrics.
Q2 FY27 Financial Highlights (YoY)
For the second quarter of FY27, Manika Plastech reported:
- Revenue: Increased by 42% to ₹151 crore.
- EBITDA: Grew by 43% to ₹20 crore.
- Profit After Tax (PAT): Saw a substantial jump of 95% to ₹10 crore.
H1 FY27 Financial Highlights (YoY)
In the first half of FY27, the company’s performance was also strong:
- Revenue: Up by 35% to ₹314 crore.
- EBITDA: Increased by 41% to ₹45 crore.
- Profit After Tax (PAT): Rose by 75% to ₹23 crore.
Segmental Revenue Analysis
The company’s segmental revenue breakdown for Q2 FY27 compared to Q2 FY26 shows growth across its product lines:
- Battery Casings: Revenue grew by 22% YoY to ₹73.6 crore in Q2 FY27.
- Pails & Thin-wall Containers: Saw a 27% YoY increase to ₹41.3 crore in Q2 FY27.
- Auto Components & Painting: Experienced exceptional growth of 392% YoY, reaching ₹15.8 crore in Q2 FY27.
For H1 FY27, similar positive trends were observed:
- Battery Casings: Up 17% YoY to ₹161.9 crore.
- Pails & Thin-wall Containers: Increased by 35% YoY to ₹87.1 crore.
- Auto Components & Painting: Recorded a significant 270% YoY growth to ₹23.3 crore.
Management Commentary
Mr. Munjal Nikunj Kapadia, Managing Director of Manika Plastech Limited, commented on the results, highlighting the company’s journey and strategic focus. He emphasized building upon strong customer relationships and manufacturing expertise, with a forward focus on expanding into new product categories and end-user industries. Planned investments in capacity expansion and advanced manufacturing technologies are expected to enhance the company’s presence in the rigid plastic packaging industry, with opportunities identified in paint packaging, food-grade containers, automotive components, and the emerging bottle and jar segment. The company remains committed to strengthening operational capabilities, enhancing product value addition, and building a sustainable business.
Strategic Growth Priorities
Manika Plastech is pursuing a multi-pronged growth strategy which includes:
- Scaling existing businesses: Strengthening customer relationships and expanding business share in battery casings and industrial packaging. Expanding the pails and thinwall container portfolio across various applications. Increasing manufacturing efficiency through automation and process optimisation.
- Expanding into adjacent product categories: Establishing ISBM capabilities for PET, PP, and HDPE bottles and jars, and exploring opportunities in thinwall packaging manufacturing.
- Strengthening geographical presence and customer reach: Exploring new manufacturing facilities in southern India and increasing wallet share with existing and new customers. Strengthening export opportunities.
- Building sustainable manufacturing capabilities: Increasing the use of recycled polymers, improving energy efficiency, and strengthening quality and process control standards.
Source: BSE
