Pursuant to Regulation 30 of SEBI (LODR) Regulations ,2015 enclosed is Business Update dated April 9, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glen Industries, an eco-friendly food packaging maker, reported FY26 revenue of ₹203.13 crore, up 19.02% year-on-year, with H2 FY26 revenue rising 39.12% to ₹107.57 crore. Growth was driven mainly by thin wall food containers, which contribute over 70% of revenue and operate at about 78% capacity utilization. The company is expanding food container capacity from 7,986 MT to 21,095 MT and adding a new paper cups line of 7,696 MT, shifting from a capacity-constrained model to scale-led growth. Exports contribute around 27% of revenue across 30+ countries, with the rest from domestic QSR, HoReCa, and FMCG clients. Management expects stable margins going forward, supported by operating leverage, product mix, and ramp-up of expanded capacity from FY27 onwards.
Positive for shareholders — strong revenue growth, clear capacity expansion plan, and stable margin outlook signal a transition to a larger scale business. However, capacity utilization in newer products (PLA straws, paper straws) remains low, so execution of the expansion will be the key thing to watch.