Glen Industries posts US$10.94M total income in H1 FY26, expands sustainable packaging portfolio

INDIA – Glen Industries Limited, a Kolkata-based leader in sustainable plastic packaging and eco-friendly products, has reported a total income of INR 97 crore (US$10.94m) for the half year ended September 30, 2025 (H1 FY26), reflecting steady growth amid expanding domestic and international operations.

According to its unaudited financial results, the company achieved a 13.57% increase in revenue and a 9.9% rise in EBITDA during the first half of FY26, driven primarily by higher sales volumes in thin-wall containers and improved manufacturing efficiency.

The company attributed the performance to strong traction across both domestic and export markets, where demand for lightweight, recyclable, and food-grade packaging continues to rise.

Glen Industries currently distributes products across 26 Indian states and exports to over 30 international markets.

To further strengthen its manufacturing base, Glen is setting up a new production facility aimed at expanding capacity and introducing new product lines, including paper cups and thermoformed plastic food containers.

This complements its existing range of injection-moulded plastic containers, which remain a key growth driver.

The company has also deepened its commitment to biodegradable packaging, particularly PLA (polylactic acid) and paper straws, amid rising global regulations on single-use plastics.

“We are pleased with our strong performance in the first half of FY26, which underscores the growing acceptance of Glen’s sustainable packaging solutions across domestic and international markets,” said Lalit Agrawal, Chairman and Director of Glen Industries Limited.

“The consistent revenue growth has been supported by higher demand for our thin-wall food containers and eco-friendly product lines.”

Agrawal added that ongoing automation and process optimization at the company’s manufacturing plants have enhanced productivity and cost efficiency, positioning Glen to scale effectively as the packaging sector pivots toward sustainability.

Glen Industries’ continued investments in capacity expansion, innovation, and customer-centric development underscore its strategy to lead the transition toward greener packaging alternatives, a trend gaining traction across Asia’s fast-growing food service and FMCG sectors.

The company reaffirmed its outlook for sustained growth in FY26 as it accelerates its Project Implementation Plan for capacity enhancement and explores further opportunities in biodegradable and circular packaging solutions.

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