Pakka Ltd

Q1 FY27Paper, Forest & Jute Products

Pakka Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹78

Market cap₹351 Cr

P/E25.2

Published9 Sept 2026

The short version

FY2026–27 revenue guidance is approximately ₹500 crore, reflecting strong growth over Q1 revenue of ₹120 crore. FY2026–27 revenue guidance is approximately ₹500 crore, with Q1 revenue at ₹120 crore and expected positive quarter-on-quarter momentum.

From Pakka Ltd's Q1 FY27 earnings-call transcript · updated 9 Sept 2026.

Revenue & Sales Performance

FY2026–27 revenue guidance is approximately ₹500 crore, reflecting strong growth over Q1 revenue of ₹120 crore.
Food Services volumes expected to grow tenfold by 2028, from around 3,000 tonnes to approximately 30,000 tonnes annually.
Total production currently about 350 tonnes per month; expected to increase significantly with added outsourced capacity (~400 tonnes over next two quarters).
PM4 project to add over 30,000 tonnes annual capacity, commissioning expected late 2026, stabilization by 2028.
New plant's utilization expected to ramp from 40-50% initially to 80-90% by 2028.
Growth primarily driven by outsourced manufacturing, complemented by internal capacity and expanded pulp sourcing options.
Positive quarter-on-quarter momentum expected in revenue throughout FY2026–27.
Expansion into flexible packaging and entry into new geographical markets to contribute to volume and revenue growth.

Profitability & Margins

FY2026–27 revenue guidance is approximately ₹500 crore, with Q1 revenue at ₹120 crore and expected positive quarter-on-quarter momentum.
EBITDA margin target for FY2026–27 is around 18%–19%, with historical margins above 23%–25% and confidence in achieving 20% EBITDA margin in the near future.
PM4 commissioning expected to add over 30,000 tonnes annual capacity, contributing meaningfully to revenue and profitability starting this year, with stabilization and ramp-up continuing through FY2027–28.
FY2027–28 revenue potential of approximately ₹700 crore anticipated from existing business (~₹450 crore) plus additional PM4 utilization (60%–70%) driving ₹175–₹200 crore incremental revenue.
FY2027–28 expected to reflect full interest and depreciation charges in P&L, with breakeven achievable at a 20% EBITDA margin and ₹600 crore+ revenue.
Focus on volume growth, stronger profitability, and long-term shareholder value highlighted as key pillars.

See what Pakka Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

- Commissioning of recovery and power plants under Project Jagriti planned for the current quarter (Page 5). - Preparation of PM4 plant trials underway; PM4 designed to produce specialised flexible packaging substrate blending bagasse with softwood fibre for strength (Pages 5, 10). - Initial delivery-container manufacturing facility being established internally to protect proprietary technology (Pages 5, 11). - Development of Material Science Centre in Ayodhya as part of R&D focus (Page 5). - Investment in coating technology, including capital expenditure on coater machines, targeting specialised coated flexC products with maintained margins (Page 14). - Expansion in Food Services manufacturing primarily via outsourced capacity; incremental captive pulp capacity possibly allocated to PM4, with options for additional captive or external pulp supply (Page 11, 10). - Pursuit of lower-cost and climate fund financing options for refinancing, potentially lowering cost of capital (Pages 15, 16). Overall, Pakka is focused on infrastructure completion, product innovation, and strategic capacity scaling.

Fundraising & Capital Structure

Current financing includes a higher-cost debt arrangement with Neo Asset Management to support Project Jagriti.
Neo Asset Management invested ₹30 crore in equity, and promoters’ shares are pledged as security.
The current higher-cost debt is intended to be a short-term arrangement (approx. 16–20 months).
The Company expects to refinance this debt through banks within about 1 to 1.5 years after project stabilisation to reduce cost.
The finance team is evaluating options including international climate financing and sustainability-linked financing for potential refinancing.
Obtaining lower-cost climate financing may take around one year.
No immediate new fundraising announced; focus remains on operational performance and refinancing existing debt.

See what Pakka Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention specific details about Pakka Limited's current or expected order book or pending orders. However, relevant insights related to business growth and production capacity include: - The flexC base pilot trials are underway, with approximately 4 tonnes of pulp supplied, expected to produce around 2 tonnes of trial material for converters. - Outsourced manufacturing capacity in the paper segment is planned to increase from about 300 tonnes/month currently to 800–900 tonnes/month over coming quarters. - The initial delivery-container facility is being established, ready for launch next quarter, with production scaling progressing following extensive customer trials. - Incremental volume growth in Food Services is expected mainly from outsourced manufacturing partners. - PM4 flexible-packaging plant trials and commissioning of Project Jagriti are ongoing to support future capacity and order fulfillment. No direct quantitative order book or pending order value or volume is disclosed in the transcript.

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Pakka Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹97 Cr, net profit ₹7 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Pakka Ltd Q1 FY27 results?

What is Pakka Ltd share price analysis?

Pakka Ltd currently shows a neutral. The stock trades at a P/E of 25.2 with a market cap of ₹351 Cr. Investors should review the full earnings analysis for detailed insights.

Is Pakka Ltd planning capital expenditure?

Commissioning of recovery and power plants under Project Jagriti planned for the current quarter (Page 5).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.