Kaka Industries Reports Strong H1 FY26 Performance, Plans Mainboard Migration
Kaka Industries Limited, a PVC and WPC products manufacturer, reported robust financial results for H1 FY26. Revenue grew 30% to ₹1,248.90 million, EBITDA increased 31% to ₹167.50 million, and net profit rose 35.9% to ₹88.50 million. The company expanded its customer network to over 450 partners and achieved 50% average capacity utilization. Strategic initiatives include plans for mainboard migration to NSE and BSE, establishing a 7.5-megawatt solar plant, and expanding market presence in several states. Management expects to maintain 30% year-on-year growth for the rest of the fiscal year.

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Kaka Industries Limited, a leading manufacturer of PVC and WPC products, has reported robust financial results for the first half of FY26, demonstrating significant growth across key metrics. The company has also announced plans for mainboard migration and sustainable energy initiatives.
Financial Highlights
Kaka Industries achieved impressive growth in H1 FY26:
| Metric | H1 FY26 (₹ million) | YoY Growth |
|---|---|---|
| Revenue | 1,248.90 | 30% |
| EBITDA | 167.50 | 31% |
| Net Profit | 88.50 | 35.9% |
The company's EBITDA margin improved to 13.4%, showcasing its focus on cost discipline and superior product mix. The net profit margin stood at a healthy 7.1%.
Operational Performance
Kaka Industries has expanded its customer network from over 300 to more than 450 partners. The company reported strong segmental momentum in PEB and HVLS fans, both growing by approximately 132% year-on-year.
The company's manufacturing facility in Kheda District, Gujarat, has expanded total capacity across PVC, WPC, uPVC, and roofing products. For H1 FY26, Kaka Industries achieved an average capacity utilization of 50% across categories, with September reaching around 80% of the available capacity.
Strategic Initiatives
Mainboard Migration: Kaka Industries plans to file for migration to the main board by November 26, aiming for parallel listing on both NSE and BSE.
Sustainability Focus: The company is establishing a 7.5-megawatt captive solar plant in Kheda district, expected to reduce power costs by ₹40-50 lakhs per month once operational.
Market Expansion: Kaka Industries is focusing on expanding its presence in states such as Telangana, Maharashtra, Karnataka, Rajasthan, Uttar Pradesh, and Madhya Pradesh.
Future Outlook
The management expressed confidence in maintaining a 30% year-on-year growth for the rest of the fiscal year. The company aims to achieve 25-30% organic growth annually based on its operational capacities.
Chintan Bodar, Chief Financial Officer of Kaka Industries, stated, "We are confident that our strong foundation, integrated capacities, and robust governance will continue to drive consistent growth and long-term value creation for our shareholders."
As Kaka Industries continues to focus on product innovation, market penetration, and operational scalability, it remains well-positioned to capitalize on the growing demand for sustainable building materials in India's evolving real estate and construction sectors.
Historical Stock Returns for Kaka Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.86% | -0.93% | +6.62% | +0.31% | -16.12% | +97.65% |




























