JK Paper Q1 profit jumps 49-63%; BCTMP plant on stream
Standalone net profit ₹113 cr vs ₹76.22 cr YoY; consolidated ₹136.27 cr vs ₹83.75 cr. New hardwood pulp plant at Gujarat began production on June 30, expected to cut import reliance.
— 3 earlier stories on JK Paper Ltd. →What's new
- Standalone net profit rose to ₹113 cr from ₹76.22 cr YoY.
- Consolidated net profit hit ₹136.27 cr, up from ₹83.75 cr.
- BCTMP pulp plant at Central Pulp Mills in Gujarat began production on June 30.
Why this matters
The profit jump is solid — volumes and product mix drove the growth. But the bigger story is the BCTMP plant: backward integration that should trim imported pulp costs and support margins. The near-term impact isn't quantified, but the direction is clear.
What we're watching
- How BCTMP plant affects import bill and margins in Q2.
- Demand trends in paper and packaging through FY27.
- Any further stake hike in Borkar Packaging.
The full read
JK Paper delivered a strong Q1. Standalone profit rose to ₹113 cr from ₹76.22 cr, a 49% jump. Consolidated profit hit ₹136.27 cr, up 63% from ₹83.75 cr a year ago. The company credited higher volumes and a better product mix. That's good. The strategic news is better: the new hardwood BCTMP pulp plant at its Central Pulp Mills in Gujarat started production on June 30. This plant cuts dependence on imported pulp, a cost that has weighed on margins. The full benefit will take time to show, but the direction is clear. Separately, JK Paper raised its stake in Borkar Packaging to 87.36% from about 72%. The numbers are backward-looking, but the operational moves point to improving cost structure. A solid quarter with a clearer long-term view.
Questions answered
- What drove JK Paper's profit growth in Q1?
- Higher sales volumes and an improved product mix lifted standalone net profit 49% to ₹113 cr and consolidated profit 63% to ₹136.27 cr.
- When did the BCTMP pulp plant start production?
- The new hardwood BCTMP pulp plant at Central Pulp Mills in Gujarat began commercial production on June 30, 2026.
- What is the expected benefit from the BCTMP plant?
- The plant is expected to reduce JK Paper's reliance on imported pulp and support future margins, though the near-term financial impact is unquantified.
- How much stake does JK Paper now hold in Borkar Packaging?
- During the quarter, JK Paper increased its stake in Borkar Packaging to 87.36% from about 72%.
JK Paper Ltd.
Latest quarter · Jun 2026
Strength & growth
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All notes on JKPAPER →- 27 Jul 2026 · 6:03 PM IST JK Paper Q1 profit jumps 49-63%; BCTMP plant on stream
- 1d ago JK Paper's Q1 profit jumps 63% on volumes, product mix
- 1d ago JK Paper Q1 profit jumps 42% on volumes, product mix
- 28d ago JK Paper's BCTMP plant starts commercial production, cuts import reliance