Plastiblends India reports strong Q2 growth, profit margins expand

Plastiblends India Limited reported a 3.92% year-over-year increase in revenue from operations for Q2 FY26, reaching ₹19,261 Lakhs, up from ₹18,535 Lakhs in Q2 FY25. For the half year, revenue from operations was ₹39,224 Lakhs. The company's Profit Before Tax (PBT) for Q2 FY26 rose by 20.77% year-over-year to ₹1,001 Lakhs, while Net Profit After Tax (PAT) increased by 17.87% to ₹744 Lakhs.

The company also demonstrated improved profitability margins, with EBITDA margin expanding by 77 basis points to 7.46% in Q2 FY26, and PBT margin growing by 73 basis points to 5.20% compared to Q2 FY25. For the half year, PBT stood at ₹2,190 Lakhs, and PAT was ₹1,636 Lakhs.

Despite a slowdown in packaging, consumer goods, piping, and irrigation industries, and inventory carrying losses due to raw material price swings, Plastiblends India projects revenue growth to revive in the ensuing quarter. Strategic initiatives, including a focus on a better product mix, are expected to significantly improve margins moving forward.