India · Delayed Price · Currency is INR Pakka Earnings Call Transcripts
Fiscal Year 2026
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Profitability rebounded sequentially as Project Jagriti in India advanced, while the Guatemala expansion was paused to focus resources. Revenue improved in key segments, with B2C up 80% year-over-year, and a new delivery range is set to launch soon.
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Innovation and new product launches are driving growth, with Food Services revenue up 14% year-over-year and B2C sales doubling. Project Jagriti faces delays but is progressing, with funding secured and no major equity dilution planned. Execution challenges remain, but profitability is expected to improve next quarter.
Fiscal Year 2025
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Q3 saw stable revenue and profit growth year-over-year, but margin pressure persists, especially in molded fiber due to competition and low efficiency. Project Jagriti and Kawok are progressing, with key fundraising and commercialization milestones set for the coming year.
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Q1 FY25 saw modest sequential revenue and profit growth, with exports rising and new products launched. Major capex projects in India and Guatemala are on track, while price competition and innovation drive near-term margin pressure. Management targets INR 8,000 crore revenue by 2030.