Glen Industries Reports Strong H1 FY26 Performance, Plans Rs 100 Crore Expansion

Glen Industries Limited , a sustainable food packaging solutions manufacturer, has reported robust financial results for the first half of fiscal year 2026 and announced significant expansion plans. The company, which recently went public, is set to enhance its production capacity and diversify its product range.

Financial Highlights

For H1 FY26, Glen Industries reported:

Metric	Amount (Rs Crores)	Margin
Total Income	96.56	-
EBITDA	20.19	21%
Net Profit	8.31	9%

The company's performance was primarily driven by high product volumes, especially in Thin Wall Food Containers, and efficiency improvements across product lines.

Expansion Plans

Glen Industries has unveiled an ambitious expansion strategy:

Increasing Thin Wall Food Container manufacturing capacity from 7,986 metric tons to 21,095 metric tons per annum
Introducing paper cups and paper food packaging products
Adding plastic food containers through thermoforming
Total investment of Rs 100 crore for the expansion

The new facility is expected to be operational by April 2026, with the company targeting:

Incremental revenue of Rs 150-200 crores in FY27
Additional revenue of Rs 300 crores in FY28
Total turnover target of Rs 500 crores by FY28

Current Operations and Export Presence

Glen Industries currently operates from a 90,000 square feet facility in West Bengal and exports to over 30 countries across Asia, Middle East, Europe, USA, and Africa. The company's product portfolio includes Thin Wall Food Containers, PLA Straws, Paper Straws, and U-Shape Straws.

Debt and Financial Outlook

The company expects its total debt to reach approximately Rs 170 crores by FY28, including:

Rs 50 crores for the new project
Rs 120 crores in working capital

Management anticipates EBITDA margins to remain in the range of 18-19% post-expansion.

Market Dynamics and Growth Drivers

Glen Industries is capitalizing on several market trends:

Steady demand in the organized food consumption ecosystem, including takeaways, home delivery, and institutional catering
Shift of manufacturing from China to India (China Plus One policy)
Increasing focus on sustainable and eco-friendly packaging solutions

The company's management expressed confidence in its growth trajectory, citing these factors as key drivers for future expansion.

Conclusion

Glen Industries' strong H1 FY26 performance and ambitious expansion plans position it for significant growth in the coming years. The company's focus on capacity-led scale and product diversification, coupled with favorable market trends, presents a promising outlook for its future in the sustainable food packaging industry.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.17%	-0.30%	-13.41%	-50.27%	-50.27%	-50.27%

Glen Industries Limited , a leading manufacturer of eco-conscious food packaging products, has reported a robust 13.8% year-on-year growth in total income for the first half of fiscal year 2026 (H1FY26). The company's financial results highlight its strong position in the sustainable packaging market and its continued focus on innovation and expansion.

Financial Highlights

Glen Industries' total income for H1FY26 stood at ₹96.56 crores, up from ₹84.86 crores in the corresponding period of the previous year. The company's performance is summarized in the table below:

Metric (in ₹ crores)	H1FY26	H1FY25	YoY Change
Total Income	96.56	84.86	+13.8%
EBITDA	20.19	18.37	+9.9%
PAT	8.31	8.50	-2.2%

While the company experienced growth in total income and EBITDA, there was a slight decline in Profit After Tax (PAT) compared to the previous year.

Operational Performance

Glen Industries operates across three key business segments:

Thin Wall Containers
PLA (Polylactic Acid) Straws
Paper Straws

The company's manufacturing facilities in West Bengal boast significant production capacities:

Thin wall food containers: 7,986 MT/year
PLA straws: 1,928 MT/year
Paper straws: 1,134 MT/year

Expansion Plans

In line with its growth strategy, Glen Industries has announced plans to expand its production capacity. The company aims to add:

13,109 MT/year for food containers
7,696 MT/year for paper cups

This expansion is expected to strengthen the company's market position and cater to the growing demand for sustainable packaging solutions.

Market Presence

Glen Industries has established a strong presence both domestically and internationally:

Serves over 40 recurring international customers
Exports to 30 countries
Present in 26 states and over 80 cities within India

Sustainability Focus

The company's growth aligns with the increasing global demand for eco-friendly packaging solutions. Glen Industries' product portfolio, which includes biodegradable PLA straws and recyclable thin wall containers, positions it well to capitalize on this trend.

Future Outlook

With the plastic packaging market in India projected to grow, Glen Industries appears well-positioned to benefit from this expansion. The company's focus on sustainability, coupled with its planned capacity increases, suggests a strategic alignment with market trends towards eco-friendly packaging solutions.

As Glen Industries continues to innovate and expand its production capabilities, investors and industry observers will be watching closely to see how the company navigates the evolving landscape of sustainable packaging in the coming quarters.