Mitsu Chem Plast Limited announced strong Q3 FY26 financial results, demonstrating significant improvement in profitability metrics. The polymer-based molded products manufacturer reported robust growth across key financial parameters, with EBITDA rising 73.35% and net profit surging 217.03% compared to the same quarter last year.

Financial Performance Highlights

The company's Q3 FY26 performance showed substantial improvement in both revenue and profitability metrics. Total income grew 6.92% to ₹8,608.85 lakhs from ₹8,051.78 lakhs in Q3 FY25, while EBITDA expanded dramatically to ₹954.45 lakhs from ₹550.67 lakhs, representing a 73.35% year-on-year increase.

Nine-Month Performance

For the nine-month period ending December 31, 2025, Mitsu Chem Plast Limited maintained strong momentum with total income reaching ₹26,405.09 lakhs, up 8.94% from ₹24,237.28 lakhs in 9M FY25. EBITDA for the period grew 35.71% to ₹2,043.58 lakhs, while net profit more than doubled to ₹790.13 lakhs from ₹370.91 lakhs.

Management Insights and Growth Strategy

During the earnings conference call held on February 02, 2026, Managing Director Manish Dedhia outlined the company's strategic focus on profitable growth through operational excellence and diversification. The management emphasized their target of achieving ₹1,000 crores in annual revenue by FY 2028, supported by capacity expansion and enhanced product mix.

The company's niche products, including healthcare furniture components under the Furnastra brand, command 5-7% higher margins compared to commodity products. Management expects to maintain the niche product contribution at 15-20% while scaling overall operations.

Capacity Expansion Initiative

The company completed a significant capacity expansion during the quarter, adding approximately 655 MT per annum to take total manufacturing capacity to over 29,000 MT per annum. This expansion was commissioned by November 2025 and was funded entirely through internal accruals. Additionally, the company announced Unit 4 expansion in January 2026, adding another 900 metric tons of capacity.

Export Growth and Market Expansion

The company's export business showed steady progress, currently contributing 2.5% of total revenue across 17 countries, primarily in Europe, Canada, and Gulf regions. The export focus remains on niche healthcare furniture components, which offer better margins than domestic sales. Management expressed confidence in significant export growth following successful product approvals in international markets.

Company Overview

Mitsu Chem Plast Limited operates as a certified manufacturer of polymer-based molded products, serving diverse industries including Industrial Packaging Solutions, Healthcare Products, Infrastructure Products, and Emergency Handling Solutions. The company operates three manufacturing facilities in Maharashtra with over 51 blow molding and 20 injection molding machines, primarily catering to Original Equipment Manufacturers across chemical, pharmaceutical, dyes, agrochemical, disinfectants, diagnostic, hospital, and infrastructure furniture sectors.

Mitsu Chem Plast Ltd has officially commenced manufacturing operations at its new facility in Tarapur Industrial Area, marking a significant milestone in the company's expansion strategy. The new unit, designated as Unit 4, is strategically located at M.I.D.C, Tarapur Industrial Area, Taluka – Boisar, District – Palghar, and operates on a lease and license basis.

Capacity Enhancement Details

The new facility represents a strategic capacity addition to the company's existing manufacturing infrastructure. The expansion details are outlined below:

The existing capacity of 29,000+ MT/year represents the combined capacity of the company's three operational manufacturing facilities: Unit 1 and Unit 2 in Tarapur, and Unit 3 in Khalapur. With the addition of Unit 4, the total manufacturing capacity will increase to approximately 29,900 MT/year.

Investment and Financing Structure

The company has made a focused investment in machinery procurement to establish the new manufacturing capability:

The entire investment of approximately ₹101 lakhs has been funded through internal accruals, demonstrating the company's strong cash generation capabilities and financial discipline in funding growth initiatives.

Strategic Rationale

The expansion aligns with Mitsu Chem Plast's long-term growth strategy and market positioning objectives. The company has identified this capacity addition as essential to sustain long-term growth, address evolving market demand, and consistently exceed customer expectations. The new facility will complement the existing manufacturing units and enhance the company's ability to serve its diverse product portfolio.

Manufacturing Infrastructure

With the addition of Unit 4, Mitsu Chem Plast now operates four manufacturing facilities across Maharashtra. The company's manufacturing capabilities span multiple technologies including blow molding, injection molding, and custom molding, serving various sectors with products such as industrial containers, furniture parts, automotive parts, and medical devices.

The commencement of operations at the new Tarapur facility represents a measured expansion approach, adding approximately 3.10% to the company's existing manufacturing capacity while maintaining operational efficiency and market responsiveness.