B&B Triplewall Containers

B&B Triplewall Containers swings to profit in FY26

Bengaluru-based corrugated packaging maker B&B Triplewall Containers reported a standalone net profit of USD 2.39m (INR 22.89 crore) for FY26, against a loss of USD 0.45m (INR 4.27 crore) a year earlier. Standalone revenue from operations rose to USD 63.6m (INR 609.43 crore) as the operating margin widened from about 2% to about 8%, helped by higher capacity utilisation and backward integration into kraft paper.

Why this mattersThe turnaround and backward integration into kraft paper reduce the company's exposure to raw-material price swings as it scales toward 20,000 tonnes of paper conversion a month by 2027.

• Standalone net profit was USD 2.39m (INR 22.89 crore) in FY26, against a loss of USD 0.45m (INR 4.27 crore) in FY25.
• Standalone revenue from operations rose to USD 63.6m (INR 609.43 crore); operating margin widened from about 2% to about 8%.
• The company backward-integrated into kraft paper with a 108,000-tonne-a-year facility intended to cover about 80% of its own paper needs.
• A third plant in Hyderabad added 2,500 tonnes a month, taking installed capacity to about 11,500 tonnes a month.
• Q1 FY27 consolidated revenue rose 18.5% year on year to USD 18.8m (INR 180.71 crore), with net profit up more than 650% to USD 1.52m (INR 14.58 crore).
• The company targets converting 20,000 tonnes of paper a month by 2027 under its '20 in 27' plan.

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