Gujarat Raffia's revenue nearly triples to ₹88.6 cr in FY26
Net profit doubles to ₹1.05 cr as the small-cap packaging firm delivers a standout year; audit opinion unmodified.
What's new
- Revenue surged to ₹88.6 cr from ₹30.0 cr, a nearly threefold jump.
- Net profit doubled to ₹1.05 cr.
- Auditors gave an unmodified opinion on the numbers.
Why it matters
The near-tripling of revenue and doubling of profit on a small base mark a dramatic inflection point for Gujarat Raffia. Consistency with the Q3 trajectory suggests operational momentum, not a one-off. The unmodified audit opinion adds credibility to the reported numbers.
What we're watching
- Whether revenue growth sustains at this pace in FY27.
- Margins remain thin; the open question is how much they improve as scale grows.
- Any update on capacity or order book that explains the surge.
The full read
Gujarat Raffia Industries closed FY26 with revenue of ₹88.6 crore, nearly three times the ₹30 crore it reported the year before. Net profit doubled to ₹1.05 crore, though profit margins remain thin. The performance extends the strong trend seen in earlier quarters, particularly Q3, and carries the confidence of an unmodified audit opinion. For a small-cap packaging company, the scale of the revenue jump is rare, but the base is small and the profit improvement lags the top line. The question now is whether FY27 can build on this — or whether the growth was a catch-up from a low base.