JK Paper Limited Earnings Summary — Q1 FY2027

• Consolidated Net Profit surged 62% YoY to ₹135.53 crore, driven by higher sales volumes and an improved product mix.
• The BCTMP (Hardwood Bleach Chemical Thermo-Mechanical Pulp) plant at CPM Gujarat commenced production on June 30, 2026.
• Operating performance improved significantly on a sequential basis, with EBITDA growing to ₹320.94 crore from ₹238.37 crore in the previous quarter.
• The company increased its stake in Borkar Packaging Private Limited to 87.36% during the quarter, deepening its presence in the packaging segment.
• Standalone results were restated following the effectiveness of a Composite Scheme of Arrangement for certain subsidiaries.
• Total Segment Revenue for Paper and Packaging grew to ₹1,829.80 crore compared to ₹1,628.65 crore in the same quarter last year.

Management highlighted that higher volumes and an enriched product mix were the primary drivers for the improved quarterly performance. The completion and startup of the BCTMP plant signal a shift towards backward integration for cost efficiencies.

Improving

After a period of margin contraction and earnings volatility in FY26, the Q1 FY27 results show a sharp recovery in both net profit and operating margins, rebounding from cyclical lows.

The outlook is bolstered by the commencement of the new pulp plant which should improve raw material self-sufficiency. However, the company remains exposed to commodity cycles and pricing pressures inherent in the paper and packaging industry.