Kanpur Plastipack LimitedQ1 FY27 Results & Financial Update
Kanpur Plastipack Limited: Q1 FY27 consolidated results and company financials – revenue ₹208.93 Cr, PAT ₹11.68 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Kanpur Plastipack Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Standalone EBITDA for the quarter reached ₹22.19 crore, delivering an improved EBITDA margin of 10.69% compared to 7.66% in the corresponding period of the previous fiscal year, driven by enhanced realizations in value-added product categories.
The core Flexible Intermediate Bulk Container (FIBC) division remained the primary revenue contributor at 52% of product-wise revenue mix, supported by fabric at 20%, small bags at 12%, multi-filament yarn at 8%, trading at a minor level, and other custom offerings.
During the quarter, the company achieved a major operational milestone through its joint venture, ESSEKAN Private Limited, successfully commencing commercial production and sales of premium polypropylene Taslan yarn, which carries higher realizations than standard yarns.
Construction and installation work on the greenfield needle-punch non-woven fabrics facility progressed on schedule, remaining on track for commercial commissioning by September 2026 to serve automotive, geotextile, and industrial applications.
Export markets continued to provide geographical resilience, with Europe accounting for 59.4% of export revenue, South America at 19.4%, North America at 16.1%, and smaller shares across Asia, Australia, and Africa.
01 · Business model
What does Kanpur Plastipack do?
Kanpur Plastipack Limited is a manufacturer and exporter of flexible intermediate bulk containers (FIBCs), PP multifilament yarns, PP woven sacks, fabrics, and specialty technical textile products.
The company operates an integrated manufacturing platform across four production units, supported by a cleanroom facility for food-grade FIBC packaging and in-house UV masterbatch production.
Geographically, the business maintains a strong export-led footprint, serving customers across more than 40 countries with particular concentration in Europe, North America, and South America, while generating roughly 80% to 85% of its business from repeat customers.
To reduce cyclicality and expand margins, the company is diversifying into high-value technical textiles and B2C-linked applications, including premium polypropylene Taslan yarn through its joint venture ESSEKAN Private Limited and an upcoming non-woven fabrics facility.
02 · Historical context
What shaped the business before this quarter
Incorporated in 1971-72, the company initially commenced production of woven sacks before expanding into FIBC manufacturing and establishing BRC-certified food-grade finishing units between 2000 and 2008.
In 1986, the company became the first from India to export PP woven sacks to Europe, subsequently building a multi-decade export footprint spanning over 40 countries.
The company began manufacturing high-tenacity PP multifilament yarn in 2011 and became the first in Uttar Pradesh to install a rooftop solar plant in 2014, eventually scaling green energy to cover over 60% of total energy needs.
During 2025-26, the company acquired Valex Ventures Ltd (UK) and formed a joint venture with Essegomma S.p.A. (Italy) named ESSEKAN Private Limited to advance its technical textile capabilities.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹208.93 Cr |
| Total income | ₹208.93 Cr |
| Profit before tax | ₹16.00 Cr |
| Profit after tax | ₹11.68 Cr |
| EPS | ₹4.67 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Growth was underpinned by an increased proportion of high-realisation specialized products, with FIBCs contributing 52%, fabrics 20%, small bags 12%, and multi-filament yarn 8% of the product revenue mix.
An international footprint spanning over 40 countries provided demand stability, anchored by Europe (59.4%), South America (19.4%), and North America (16.1%).
What drove margins
Standalone EBITDA expanded to ₹22.19 crore, lifting the standalone EBITDA margin to 10.69% from 7.66% in Q1 FY26 due to favorable product pricing and operational efficiencies.
The company maintained more than 60% of its total energy requirements through solar power installations totaling 16,167 kWp, including 12,375 kW under long-term open access agreements, containing power expenses.
Ongoing lean manufacturing adoption, automated roll storage implementation, and warehouse optimization helped improve realization and reduce logistics overhead.
05 · Demand, customers & order book
Where demand is coming from
The business sustained high revenue visibility with 80% to 85% of orders originating from long-standing repeat customers across regulated international markets.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
FIBCs remained the core B2B growth engine and largest revenue contributor at 52%, supported by cleanroom food-grade production and customized anti-static and UN-certified variants.
Multi-filament yarn represented 8% of product revenue, complemented by the newly operationalized premium Taslan yarn joint venture targeting high-value upholstery and automotive segments.
Geography and market mix
Europe remained the largest export destination at 59.4% of international shipments, followed by South America (19.4%), North America (16.1%), Asia (3.5%), Australia (0.9%), and Africa (0.7%).
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Ground floor construction at the Gajner Road Unit 3 facility was completed, with first and second floors scheduled for completion by September 15, 2026, adding 6,000 MT per annum capacity over the next 5 years.
Total installed solar capacity reached 16,167 kWp across rooftop, carport, and open-access configurations.
Projects, capex and execution
A new automated roll storage facility and a dedicated trading division warehouse at Unit 3 were completed to streamline inventory management and replace rented premises.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The company advanced its long-term diversification strategy by entering adjacent high-growth markets such as automotive interiors, geotextiles, artificial leather, and exhibition carpets through technical textile expansion.
09 · Reported developments
What changed operationally
Standalone net profit surged 112.01% year-on-year to ₹12.14 crore, driven by a higher-value product mix and disciplined cost management.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
CRISIL maintained the company's credit ratings at A2 for short-term and BBB+ for long-term facilities.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Warehouse Consolidation
The company completed construction of a dedicated warehouse at Unit 3, enabling a complete shift out of rented premises to improve logistics and operational efficiency.
12 · Key Q&A
The quarter, answered directly
What does Kanpur Plastipack do?
Kanpur Plastipack Limited is a manufacturer and exporter of flexible intermediate bulk containers (FIBCs), PP multifilament yarns, PP woven sacks, fabrics, and specialty technical textile products.
What is the clearest takeaway from Q1 FY27?
Standalone EBITDA for the quarter reached ₹22.19 crore, delivering an improved EBITDA margin of 10.69% compared to 7.66% in the corresponding period of the previous fiscal year, driven by enhanced realizations in value-added product categories.
What drove revenue or demand?
Growth was underpinned by an increased proportion of high-realisation specialized products, with FIBCs contributing 52%, fabrics 20%, small bags 12%, and multi-filament yarn 8% of the product revenue mix.
What mattered most for margins or profitability?
Standalone EBITDA expanded to ₹22.19 crore, lifting the standalone EBITDA margin to 10.69% from 7.66% in Q1 FY26 due to favorable product pricing and operational efficiencies.
What changed operationally beyond the headline numbers?
Ground floor construction at the Gajner Road Unit 3 facility was completed, with first and second floors scheduled for completion by September 15, 2026, adding 6,000 MT per annum capacity over the next 5 years.
What should the next disclosure help confirm?
Track the completion of the first and second floors at the Unit 3 Gajner Road expansion by September 15, 2026.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
FIBC Capacity Ramp-up: Track the completion of the first and second floors at the Unit 3 Gajner Road expansion by September 15, 2026.
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