Mold-Tek Packaging shares surge 17% as Q2 FY 27 profit jumps 35% YoY to Rs 21 crore

Shares of Mold-Tek Packaging surged as much as 16.84% to an intraday high of Rs 318.80 apiece on the NSE after the company announced its financial results for the second quarter of FY27 (Q2 FY27).

The stock pared some of its initial gains but continued to trade firmly in positive territory. At around 2:10 PM, shares were trading at Rs 299 apiece, up 9.58% from the previous close of Rs 272.85 on the NSE.

Mold-Tek Q2 FY27 results


Mold-Tek Packaging reported a 35.5% year-on-year (YoY) increase in profit after tax (PAT) to Rs 21 crore in Q2 FY27, compared with Rs 15.5 crore in the corresponding quarter of the previous fiscal year (Q2 FY26).

The company's revenue from operations rose 30.5% YoY to Rs 274 crore, against Rs 210 crore in the year-ago quarter.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 27.7% to Rs 50.3 crore from Rs 39.4 crore a year earlier. However, the EBITDA margin stood at 18.3%, compared with 18.8% in Q2 FY26.

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Segment-wise performance

Pharma Packaging

Mold-Tek Packaging's Pharma Packaging business continued its growth momentum, recording year-on-year volume growth of 26.30% during Q2 FY27.

According to the company, the performance reflects increasing customer acceptance, a stronger presence in the pharmaceutical packaging segment and rising demand from both existing and new customers.

The company said it remains focused on expanding its pharma packaging business through investments in advanced manufacturing capabilities, specialised packaging solutions and capacity enhancement. Recent investments in pharma packaging infrastructure are expected to support its growth plans and increase the segment's contribution to overall revenue and profitability.

With increasing customer engagement, a strong business pipeline and enhanced manufacturing capabilities, the company expects the segment to play an important role in its growth in the coming years.

Food & FMCG Packaging

The Food & FMCG Packaging segment, including Q-Pack, registered year-on-year volume growth of 23.70% during the quarter.

The company attributed the performance to market opportunities, advanced manufacturing capabilities and an expanding customer base. It also highlighted the contribution of its Panipat facility (Unit-14), which is generating sales in the North Indian market.

Mold-Tek expects growth in the segment to sustain or improve in the coming quarters.

Focus on printing capabilities and operational efficiencies

The company continues to focus on optimising its printing capabilities, improving capacity utilisation and enhancing operational efficiencies.

The integration of printing facilities under one roof at Sultanpur, Telangana, is expected to streamline workflows, reduce operating costs, improve turnaround times and ensure better resource utilisation.

According to the company, these initiatives are expected to generate cost efficiencies, strengthen margins and support future business growth.

New product launches and future growth plans

Mold-Tek Packaging outlined several product development and expansion initiatives in its future growth pipeline.

The company plans to commence commercial production of IODEX containers from Q3 FY27. It is also developing new packaging products for three additional multinational companies, with these products expected to contribute to revenue from Q4 FY27.

The moulds for eye-dropper packaging are expected to be ready by Q4 FY27, with commercial production scheduled to begin in Q1 FY28.

The company's newly developed innovative dual packs have received market adoption and are expected to be launched in Q4 FY27.

In addition, Mold-Tek is actively exploring opportunities to enter the trays, dosing pens and semiconductor packaging segments as part of its efforts to sustain growth over the next few years.

Company secures orders from new customers

During the quarter, Mold-Tek Packaging secured new orders from several companies across its Food and Pharma businesses.

New customers in the food industry include Kannan Fiber Industries, Mittal Polymers Private Limited and Avakaaya Foods, among others.

In the pharmaceutical segment, the company secured orders from Pharmaforce and Lifewise Pharmaceuticals, among others.

Management commentary

Commenting on the quarterly performance, Chairman and Managing Director J. Lakshmana Rao said the company delivered a strong performance in its pharmaceutical business despite challenging operating conditions.

He noted that the quarter was marked by sharp increases in raw material prices and constraints in material availability due to geopolitical disruptions.

However, the company passed on the increase in raw material costs to customers in line with its pre-agreed pricing arrangements, thereby protecting its operating margins. Rao also highlighted that despite the seasonal weakness in demand typically associated with the second quarter.

He attributed the performance to the company's ability to manage input cost volatility, improve operational efficiencies and benefit from expanding demand across its product range.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here