Beta
Today
Capital & Financial MarketsPortfolio & Strategy 5 Nov 2026

Kusumgar signs term sheet for Indian tape joint venture with Germany's Certoplast

India's Kusumgar Ltd has signed a non-binding term sheet with Certoplast Holding GmbH of Germany to form a joint venture manufacturing tapes in India, with Kusumgar holding a 50.1% stake and Certoplast 49.9%. The announcement accompanied Kusumgar's Q2 FY27 results, in which profit after tax rose to USD 4.3m (INR 40.60 crore) from USD 1.2m (INR 10.92 crore) a year earlier, on revenue of USD 26.6m (INR 250.94 crore) against USD 14.7m (INR 138.78 crore). Definitive agreements and regulatory approvals for the venture are still pending.

Why this mattersCertoplast would gain Indian tape manufacturing through a minority stake in a Kusumgar-controlled venture, though the term sheet is non-binding and approvals are pending.

  • Kusumgar to hold 50.1% of the new JV, Certoplast Holding GmbH 49.9%
  • Term sheet for the joint venture is non-binding; definitive agreements still required
  • JV will build a tape manufacturing facility in India
  • Kusumgar Q2 FY27 PAT rose to USD 4.3m (INR 40.60 crore) from USD 1.2m (INR 10.92 crore) a year earlier
  • Kusumgar Q2 FY27 revenue rose to USD 26.6m (INR 250.94 crore) from USD 14.7m (INR 138.78 crore)
  • Diluted EPS rose to 3.87 from 1.05 year-on-year
Kusumgar Certoplast Holding counterparty
Sources whalesbook.com
Relevant to you?

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

  • 2026-11-06 · Edited before publication: Headline 'signs joint venture' overstates a non-binding term sheet. Materiality lowered to 2: a non-binding term sheet from a followed company with limited packaging relevance.
  • 2026-11-06 · Edited before publication: USD amounts were rounded inconsistently (USD 4.30m and 14.69m next to USD 26.6m). All are now one decimal at INR 94.48.