Kanpur Plastipack profit more than doubles in Q2 FY27 on FIBC volume growth
Indian bulk-bag (FIBC) maker Kanpur Plastipack reported consolidated revenue from operations of USD 23.47m (INR 223.23 crore) for the quarter to 30 September 2026, up 37.8% year on year, with net profit more than doubling to USD 1.69m (INR 16.06 crore). The company is adding 6,000 tonnes of FIBC capacity over five years and plans to commission a non-woven fabrics facility this quarter. Debt is expected to rise from USD 3.6m (INR 34 crore) to about USD 7.8m (INR 74 crore) by year-end.
Why this mattersWith debt set to roughly double to fund FIBC and non-woven capacity, an export-led Indian bulk-bag maker is committing capital on the expectation that current volume growth lasts.
- Q2 FY27 consolidated revenue from operations was USD 23.47m (INR 223.23 crore), up 37.8% year on year
- Net profit was USD 1.69m (INR 16.06 crore), up about 108% year on year
- More than 70% of the company's FIBCs are shipped overseas
- The company plans to add 6,000 tonnes of FIBC capacity over five years and targets production of 5,000 tonnes a quarter by Q1 FY28
- A non-woven fabrics facility is scheduled for commissioning this quarter
- Debt is expected to rise from USD 3.6m (INR 34 crore) to about USD 7.8m (INR 74 crore) by year-end