While the US elections were busy exporting tariff tantrums, Rajshree Polypack spent Q1 FY26 importing stress into its conference call. Yet, the company still managed ₹82.5 crore revenue (+4.9% YoY) and ₹4.1 crore PAT (Q1 FY26 transcript). But the real story? Exports up 45% YoY, only for Uncle Sam’s tariffs to arrive like an uninvited guest at a wedding. Why it matters: packaging demand grows with every samosa, sweet box, and Starbucks latte—but geopolitics can wrap those profits tighter than shrink film. Stick around—things get spicier two scrolls down.
At a Glance
Revenue ₹82.5 crore (+4.9%) – Growth as thin as PET sheet
EBITDA ₹12.1 crore (14.6% margin) – Margins holding, but not flexing
PAT ₹4.1 crore (+1.7%) – Flat, but not flatlined
Exports ₹13.4 crore (+45%) – US tariffs now threaten this joyride
Injection moulding ₹12.9 crore (+106%) – New poster boy of growth
JV Olive Ecopak loss ₹1.76 crore – Coffee cups not yet caffeinating profits
Management’s Key Commentary
Ramswaroop Thard (CMD): “Revenue grew 4.85% YoY, despite early monsoon dampening domestic demand.” → Translation: It rained, we blamed.
“Injection moulding revenue doubled YoY to ₹12.9 crore.” → Translation: Finally, one segment behaving like a startup pitch.
“Exports rose 45%, with strong traction from US.” → Translation: Until tariffs gatecrashed.
“Unit III at Daman commenced production; new capacity across PET, extrusion, thermoforming.” → Translation: We love Daman more than Bollywood loves Goa.
