HCP Plastene Bulkpack Limited has announced the commencement of commercial operations at its new manufacturing facility in Vadodara, Gujarat. The company informed BSE Limited about this significant milestone through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015.

New Manufacturing Unit Details

The new facility represents a strategic expansion for the company, with operations beginning on 25th February, 2026. The unit is strategically located at 238, 239, 240, 241, Taluka Padra, opposite Somnath Petrolpump, Dabhasa, Vadodara, Gujarat, 391440.

Product Focus and Manufacturing Capabilities

The new unit will specialize in the manufacturing and dispatch of FIBC (Flexible Intermediate Bulk Container) made from woven PP fabric, with or without PE liner. This product focus aligns with the company's existing expertise in the packaging solutions sector.

Strategic Benefits and Growth Alignment

The expansion initiative serves dual strategic purposes for HCP Plastene Bulkpack Limited:

• Capacity expansion: The 300 MT monthly capacity will enhance the company's overall production capabilities
• Strategic location advantage: The Vadodara location provides operational benefits for market access and distribution

The company emphasized that this expansion aligns with its broader growth strategy and is expected to enhance operational capabilities and market presence. The financing through internal accruals demonstrates the company's strong financial position and ability to fund growth initiatives without external borrowing.

This development marks another milestone in HCP Plastene Bulkpack Limited's expansion journey, positioning the company to better serve its customers and capitalize on market opportunities in the packaging solutions sector.

HCP Plastene Bulkpack Limited delivered exceptional financial performance in Q3FY26, reporting a remarkable 433% year-on-year increase in net profit to ₹563.00 lakhs for the quarter ended December 31, 2025. The company's revenue from operations more than doubled to ₹7,390.12 lakhs compared to ₹3,503.50 lakhs in the corresponding quarter of the previous year.

Strong Financial Performance Across Key Metrics

The company's financial results demonstrate robust growth across multiple parameters. Total income for Q3FY26 reached ₹7,406.26 lakhs, significantly higher than ₹3,572.58 lakhs in Q3FY25. Profit before tax increased substantially to ₹857.92 lakhs from ₹142.34 lakhs in the previous year quarter.

Nine-Month Performance Shows Consistent Growth

For the nine months ended December 31, 2025, HCP Plastene Bulkpack maintained its strong performance trajectory. Net profit increased to ₹919.40 lakhs from ₹262.63 lakhs in the corresponding period of the previous year. Revenue from operations grew significantly to ₹21,838.55 lakhs compared to ₹8,436.85 lakhs in the nine months ended December 31, 2024.

Segment-Wise Performance Analysis

The company operates primarily through two business segments. The Woven Sacks Division generated revenue of ₹13,430.05 lakhs in Q3FY26 compared to ₹3,449.71 lakhs in Q3FY25. The Label Division contributed ₹111.66 lakhs in revenue during Q3FY26 against ₹53.79 lakhs in the previous year quarter.

For the nine-month period, the Woven Sacks Division recorded revenue of ₹21,659.91 lakhs compared to ₹8,250.36 lakhs in the corresponding period last year. The Label Division generated ₹178.64 lakhs in revenue for the nine months ended December 31, 2025.

Key Management Appointment

Pursuant to Regulation 30 of SEBI Listing Regulations, the Board of Directors approved the appointment of Mr. Rishabh Kumar Jain as Company Secretary and Compliance Officer effective February 10, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee.

Mr. Jain is a Fellow Member of the Institute of Company Secretaries of India and holds a law degree. He brings extensive experience in corporate governance, secretarial matters, and regulatory compliances. He has been associated with reputed organizations including Texmo Pipes and Products Limited, Prataap Snacks Limited, and Flexituff Ventures International Limited. Currently, he serves as Company Secretary of Plastene India Limited.

Dividend Declaration and Corporate Actions

During the quarter ended December 31, 2025, the Board declared an interim dividend of ₹1 per equity share with a face value of ₹10 each for financial year 2025-26. The dividend was paid by December 3, 2025, with an unclaimed amount of ₹1,931 remaining as of the reporting date.

Consolidated Results Reflect Strong Group Performance

On a consolidated basis, the company reported net profit of ₹833.36 lakhs for Q3FY26 compared to ₹219.93 lakhs in Q3FY25. Consolidated revenue from operations reached ₹12,126.89 lakhs against ₹11,937.18 lakhs in the previous year quarter. For the nine months ended December 31, 2025, consolidated net profit stood at ₹2,046.93 lakhs compared to ₹642.81 lakhs in the corresponding period last year.