Stock Report

Glen Industries Limited FY26 Business Update: Revenue Crosses ₹200 Crore

Posted On : 2026-04-09 15:36:35( TIMEZONE : IST )

Glen Industries Limited (BSE: GLEN) has released its provisional business update for the second half (H2) and the full financial year ended March 31, 2026. The company, a specialist in eco-friendly food packaging, reported a year of significant scaling and strategic capacity expansion.

Financial Highlights

The company demonstrated strong momentum, particularly in the latter half of the fiscal year:

Annual Revenue (FY26): ₹203.13 crore, marking a 19.02% Year-on-Year (YoY) growth.

H2 FY26 Performance: Revenue for the second half stood at ₹107.57 crore, a sharp 39.12% increase compared to the same period last year.

Revenue Mix: Domestic sales contributed ~72.63%, while exports to over 30 countries accounted for ~27.37% of the total turnover.

Operational Performance & Product Mix

The growth was primarily driven by the Thin Wall Food Containers segment, which remains the company's core business, contributing over 70% of total revenue.

Capacity Utilization: Food container utilization improved to ~78% in FY26.

Export Visibility: The company maintains a healthy export order book with a 3-month visibility of approximately $1.5-1.6 million.

Future Outlook: Massive Capacity Expansion

Glen Industries is transitioning from a capacity-constrained model to a scale-led growth platform. The company has announced a significant increase in its manufacturing capabilities:

Food Containers: Capacity is being increased from 7,986 MT to 21,095 MT.

New Product Entry: The company is venturing into the Paper Cup segment with a planned capacity of 7,696 MT.

Strategic Shift: The ramp-up of this expanded capacity is expected to drive growth from FY27 onwards, supported by stable margins through operating leverage and a diversified product mix.

Shares of Glen Industries Limited was last trading in BSE at Rs. 74.31 as compared to the previous close of Rs. 69.95. The total number of shares traded during the day was 54000 in over 42 trades.

The stock hit an intraday high of Rs. 74.95 and intraday low of 72.00. The net turnover during the day was Rs. 3990684.00.