Mitsu Chem Plast Reports 13.6% Revenue Growth in Q2 FY26, Targets Rs 1,000 Crore by FY28

Mitsu Chem Plast Limited , a leading manufacturer of polymer-based molded products, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating resilience in a challenging environment for polymer-based industries.

Financial Highlights

For Q2 FY26, the company reported:

Metric	Q2 FY26	YoY Growth
Total Income	Rs 92.56 crore	13.63%
EBITDA	Rs 5.88 crore	24.13%
EBITDA Margin	6.37%	53 bps improvement
Net Profit	Rs 1.88 crore	65.72%
EPS	Rs 1.39	65.48%

For H1 FY26, Mitsu Chem Plast achieved:

Metric	H1 FY26	YoY Growth
Total Income	Rs 177.96 crore	9.95%
EBITDA	Rs 10.89 crore	14.03%
EBITDA Margin	6.13%	21 bps improvement
Net Profit	Rs 3.20 crore	43.65%
EPS	Rs 2.35	40.72%

Operational Performance

Mitsu Chem Plast operates three manufacturing facilities in Maharashtra, equipped with over 51 blow molding and 18 injection molding machines. The company's annual capacity exceeds 28,000 metric tons, with current utilization at around 70-71%.

The company's product mix comprises:

84% containers
15% furniture parts (under the Furnastra brand)
1% other products

Strategic Initiatives and Growth Plans

Expansion of Export Business: Mitsu Chem Plast currently exports to 17 countries, focusing on strengthening its presence in new markets.
Capacity Expansion: The company has initiated capacity expansion at its manufacturing facilities to cater to rising demand from both domestic and export customers.
Product Development: In the last six months, Mitsu Chem Plast has added around 25 new products to its portfolio, with plans for further additions in the coming year.
Sustainability Focus: The company's efforts in sustainability were recognized with the Envirocare Green Awards 2024 and the Sustainability Leader of the Year Award by FICCI.
Healthcare Furniture Segment: Under the Furnastra brand, Mitsu Chem Plast is focusing on designing durable, ergonomic, and high-quality hospital furniture and components.

Future Outlook

Mitsu Chem Plast has set an ambitious target of achieving Rs 1,000 crore in annual revenue by FY2028. The company aims to drive sustainable and profitable growth through innovation, operational excellence, and diversification, guided by four transformation pillars:

Healthcare furniture (Furnastra)
Packaging products
Operational excellence
Data-driven marketing

For the current fiscal year, the company is targeting a 15-20% volume growth, with plans to increase the share of value-added products from the current 15% to around 20%.

Challenges and Opportunities

While Mitsu Chem Plast has shown strong growth, it faces challenges in terms of margin pressure. The company's EBITDA margin of 6.37% in Q2 FY26, though improved, remains lower compared to some industry peers. Management attributes this to factors such as higher power costs in Maharashtra and raw material pricing pressures.

However, the company sees significant opportunities in the healthcare furniture segment and is expanding its presence in this higher-margin business. The growing recognition of the Furnastra brand, both domestically and internationally, is expected to drive future growth in this segment.

As Mitsu Chem Plast continues to focus on value-added products, expand its export business, and improve operational efficiencies, it aims to enhance its margin profile and achieve its ambitious revenue target for FY2028.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.68%	-10.91%	+0.36%	-17.46%	-14.37%	-17.30%

Mitsu Chem Plast Limited , a leading manufacturer of blow-molded and injection-molded products, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, showcasing strong growth across key financial metrics.

Financial Highlights

For the second quarter of FY26, Mitsu Chem Plast reported:

Particulars (₹ Cr)	Q2 FY26	Q2 FY25	YoY Growth
Total Income	92.56	81.46	13.63%
EBITDA	5.88	4.74	24.13%
Net Profit	1.88	1.14	65.72%
EPS (₹)	1.39	0.84	65.48%

The company's performance for the first half of FY26 also showed significant improvement:

Particulars (₹ Cr)	H1 FY26	H1 FY25	YoY Growth
Total Income	177.96	161.86	9.95%
EBITDA	10.89	9.55	14.03%
Net Profit	3.20	2.22	43.65%
EPS (₹)	2.35	1.67	40.72%

Key Developments

Export Growth: The company reported continued expansion in overseas markets, strengthening partnerships with global OEMs and entering new European markets.
Furnastra Brand Success: Mitsu's hospital furniture brand, Furnastra, has received positive market response, validating the company's focus on innovation and quality in healthcare solutions.
Capacity Expansion: The company has undertaken capacity expansion at its facility to meet future demand and support growth ambitions.

Management Commentary

Mr. Jagdish Dedhia, Chairman of Mitsu Chem Plast Limited, expressed satisfaction with the company's consistent performance, attributing it to steady demand across core product segments and growing traction in export markets. He stated, "With our strong foundation and a clear roadmap, we remain confident of achieving our long-term goal of reaching ₹1,000 Cr in revenue by 2028."

About Mitsu Chem Plast Limited

Mitsu Chem Plast Limited is 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 and primarily caters to Original Equipment Manufacturers (OEMs) across various sectors.

In FY25, Mitsu Chem Plast reported Total Income of ₹332.88 Cr, with an EBITDA of ₹23.28 Cr and a Net Profit of ₹7.25 Cr.

The company's shares closed at ₹97.10 on November 6, 2025, with a market capitalization of ₹131.65 Cr.

Investors and stakeholders can view the detailed financial results and additional information on the company's website or the BSE portal.