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Capital & Financial MarketsOperations & Footprint 27 Oct 2026

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
Kanpur Plastipack
Sources hexawealth.in whalesbook.com
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-28 · Edited before publication: The two sources give different revenue figures (INR 236.34 crore, up 43%, against consolidated revenue from operations of INR 223.23 crore, up 37.8%). The reported consolidated figure is used and the margin derived from the other figure is removed. Profit conversion made precise (INR 16.06 crore = USD 1.69m).
  • 2026-10-28 · Edited before publication: Figures and INR conversions are correct at 95.12. The story correctly uses the consolidated revenue from operations (INR 223.23 crore, +37.8%) rather than the other source's INR 236.34 crore. Light fix to the capacity key fact: the source gives the 5,000-tonne quarterly target in metric tons and dates it to Q1 FY28; the wording now follows the source.