Knack Packaging Q2 FY27 Results: Consolidated Net Profit ₹25.02 Crore on Total Income of ₹304 Crore
Earnings
Woven PP packaging
Blacklitt Research4 min read
Knack Packaging Limited reported consolidated total income of ₹304.46 crore and net profit of ₹25.02 crore for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹299.31 crore and net profit was ₹25.84 crore. The results were approved by the board on 27 Oct 2026.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹304.46 crore, up 52.6% YoY and 15.0% QoQ
Net profit and EPS: ₹25.02 crore, down 18.0% QoQ; basic EPS ₹2.07 against ₹2.06 a year ago
Finance costs: ₹3.87 crore, 1.3% of total income this quarter
Joint venture loss: ₹2.62 crore share of loss in the quarter, and ₹6.06 crore in the half year
Standalone
The company on its own, without its subsidiaries
Total income: ₹299.31 crore, up 51.1% YoY and 15.5% QoQ
Net profit and EPS: ₹25.84 crore, down 18.0% QoQ; basic EPS ₹2.14 against ₹2.04 a year ago
Finance costs: ₹3.89 crore, 1.3% of total income this quarter
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
304.46
199.55
+52.6%
264.77
+15.0%
Revenue from operations
294.76
193.26
+52.5%
262.46
+12.3%
Other income
9.70
6.29
+54.3%
2.31
+319.7%
25.02
20.64
+21.2%
30.53
-18.0%
Profit before tax
33.06
27.89
+18.6%
41.84
-21.0%
Finance costs
3.87
3.05
+26.8%
4.03
-3.9%
Depreciation
10.22
7.19
+42.2%
9.86
+3.7%
Tax expense
8.04
7.25
+10.9%
11.31
-28.9%
Net profit margin
8.22%
10.34%
-2.12 pp
11.53%
-3.31 pp
EPS, basic (₹)
2.07
2.06
+0.5%
3.05
-32.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Total income rose 52.6% year on year to ₹304.46 crore, and revenue from operations rose 52.5% to ₹294.76 crore. The company's press release calls this its highest ever quarterly revenue. Net profit grew more slowly, up 21.2% to ₹25.02 crore from ₹20.64 crore a year earlier. Profit before tax rose 18.6% to ₹33.06 crore, and tax expense rose 10.9% to ₹8.04 crore.
Against the June quarter, total income rose 15.0% while net profit fell 18.0%, from ₹30.53 crore. The company says the EBITDA margin of 16.35% reflects higher input costs, including crude oil driven polymer price inflation and freight cost increases linked to Red Sea disruptions. The press release says customer price revisions are underway, with adjustments expected to reflect in realisations from Q3 FY27 onwards, subject to market stabilisation.
Other income was ₹9.70 crore, 3.2% of total income this quarter, against ₹6.29 crore a year earlier. Finance costs were ₹3.87 crore, up 26.8% from ₹3.05 crore, and depreciation rose 42.2% to ₹10.22 crore.
The consolidated statement includes the joint venture Sayem Knack S.A. de C.V., in which the company holds a 50% interest. Its share of loss was ₹2.62 crore in the quarter, and the profit before tax of ₹33.06 crore is stated after that share of loss.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
299.31
198.10
+51.1%
259.10
+15.5%
Revenue from operations
289.75
191.66
+51.2%
256.81
+12.8%
Other income
9.57
6.43
+48.7%
2.28
+319.5%
25.84
20.40
+26.7%
31.51
-18.0%
Profit before tax
33.30
27.52
+21.0%
41.91
-20.6%
Finance costs
3.89
3.05
+27.7%
3.99
-2.5%
Depreciation
10.22
7.18
+42.3%
9.86
+3.7%
Tax expense
7.45
7.13
+4.6%
10.41
-28.4%
Net profit margin
8.63%
10.30%
-1.66 pp
12.16%
-3.53 pp
EPS, basic (₹)
2.14
2.04
+4.9%
3.15
-32.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 51.1% to ₹299.31 crore, and revenue from operations rose 51.2% to ₹289.75 crore. Net profit rose 26.7% to ₹25.84 crore, faster than profit before tax, which rose 21.0% to ₹33.30 crore.
Net profit fell 18.0% from ₹31.51 crore in the June quarter, while total income rose 15.5%. Tax expense was ₹7.45 crore, against ₹10.41 crore in the June quarter and ₹7.13 crore a year earlier, a rise of 4.6% year on year.
Other income was ₹9.57 crore, 3.2% of total income this quarter, against ₹6.43 crore a year earlier. Finance costs were ₹3.89 crore, 1.3% of total income, and depreciation was ₹10.22 crore, up 42.3% from ₹7.18 crore.
Inference
The company listed on NSE and BSE on 8 Jul 2026 after an IPO at ₹170 a share. The issue comprised a fresh issue of 2,23,65,164 equity shares aggregating ₹380.00 crore and an offer for sale of 35,00,000 shares by selling shareholders aggregating ₹59.50 crore.
Of the ₹380.00 crore of IPO proceeds, ₹56.08 crore was utilised by 30 Sep 2026 and ₹323.92 crore remained unutilised. The Borisana facility was allocated ₹320.00 crore and has had ₹70.40 lakh utilised so far; the company says the project has recently commenced. The Audit Committee and the board confirmed no deviation from the prospectus objects, and CARE Ratings Limited is the monitoring agency.
The company holds 50% of Sayem Knack S.A. de C.V., and Bessher Holding S.A.P.I. de C.V. holds the other 50% since 30 Dec 2025. The company says a Labour Codes impact of ₹1.08 crore was recognised as an exceptional item in the year ended 31 Mar 2026, and that further effects will follow as rules are finalised. The company also said on 17 Oct 2026 that a senior management personnel had resigned; the filing does not name a replacement, and it does not give a date by which the Mexico JV is expected to break even.
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