NewsEarningsAll Time Plastics Reports 21.5% Revenue Growth in Q1 FY26, Plans Capacity ExpansionAll Time Plastics Reports 21.5% Revenue Growth in Q1 FY26, Plans Capacity Expansion
All Time Plastics Limited, India's second-largest plastic consumer products exporter, reported a 21.5% year-on-year revenue increase to Rs 158.00 crores in Q1 FY26. EBITDA rose 15.6% to Rs 29.40 crores, while PAT increased to Rs 12.80 crores. The company maintained high capacity utilization at 89.7% and is expanding its Khatalwada plant. Export sales dominated at 83.6% of total sales, with IKEA contributing about 60%. The company acquired 12 new customers and plans to increase total capacity to 52,500 metric tons by FY27.
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All Time Plastics Limited, India's second-largest exporter of plastic consumer products, has reported a strong start to the fiscal year 2026 with significant revenue growth and plans for capacity expansion.
Financial Performance
The company announced a 21.5% year-on-year increase in revenue for Q1 FY26, reaching Rs 158.00 crores compared to Rs 130.00 crores in Q1 FY25. This growth was accompanied by a 15.6% rise in EBITDA to Rs 29.40 crores and a modest increase in Profit After Tax (PAT) to Rs 12.80 crores from Rs 12.20 crores in the same quarter last year.
Key Financial Metrics
| Metric | Q1 FY26 | Q1 FY25 | YoY Change |
|---|---|---|---|
| Revenue (Rs Crores) | 158.00 | 130.00 | 21.5% |
| EBITDA (Rs Crores) | 29.40 | 25.40 | 15.6% |
| PAT (Rs Crores) | 12.80 | 12.20 | 4.9% |
| EBITDA Margin | 18.5% | 19.5% | -100 bps |
The company's EBITDA margin stood at 18.5% for Q1 FY26, showing a slight decline from the previous year. This decrease was attributed to initial costs associated with the new Khatalwada plant, which is expected to contribute positively to margins as utilization improves.
Operational Highlights
All Time Plastics reported a high capacity utilization of 89.7% across its three manufacturing plants, processing 7,399 metric tons of polymer in Q1 FY26, up from 5,897 metric tons in Q1 FY25. The company's current annual capacity stands at 33,000 metric tons.
Expansion Plans
The company is in the process of installing additional machinery with a capacity of 4,000 metric tons at its Khatalwada plant. This is part of a larger expansion plan that aims to increase the total capacity from 33,000 to 52,500 metric tons by FY27, utilizing Rs 113.70 crores from IPO proceeds.
Market Presence and Customer Base
Export sales continue to dominate All Time Plastics' revenue mix, constituting 83.6% of total sales in Q1 FY26, with domestic sales accounting for the remaining 16.4%. The company maintains a strong relationship with its largest customer, IKEA, which contributes around 60% of sales through a 28-year partnership, albeit without formal contracts.
New Customer Acquisitions
All Time Plastics has successfully acquired 12 new customers in the recent quarter, including one in Europe, one in the US, and ten in the domestic market. This diversification strategy aims to broaden the company's customer base and reduce dependency on a single client.
Future Outlook
While the company faces potential challenges from US tariffs, which could impact 11.2% of its sales, management reported no current disruptions to operations. All Time Plastics is actively exploring other markets and implementing measures to mitigate any potential impact.
The company remains focused on expanding its branded sales, which currently account for 9% of total revenue, and is venturing into new product categories such as drinkware, silicon articles, and a pilot project in bamboo products.
As All Time Plastics continues to execute its expansion plans and diversify its product offerings, it aims to maintain its historical growth trajectory while adapting to evolving market conditions.
Historical Stock Returns for All Time Plastics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.12% | -7.88% | -1.55% | -1.55% | -1.55% | -1.55% |
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