Mold-Tek Packaging (533080) Q4 24/25 earnings summary

Executive summary

• Achieved 12% year-over-year revenue growth in FY25 to INR 781.32 crore, with sales volume up 7.3% to 38,264 MT and EBITDA up 6.98%, but PAT declined 9.05% due to higher depreciation and finance costs.

• Q4 FY25 revenue rose 14.55% year-over-year to INR 202.61 crore, with EBITDA up 9.21% and PAT down 9.47%.

• Pharma division crossed break-even in Q4, with turnover rising from INR 2.5 crores in Q3 to INR 6.7 crores in Q4, contributing INR 6.67 crore in FY25.

• Paint segment reversed last year’s decline, posting 6.8% volume growth for the year.

Financial highlights

• EBITDA per kg in Q4 reached INR 40.15, the highest in several quarters, while FY25 EBITDA per kg was INR 37.60.

• Food and FMCG segment grew 25% in Q4 and 11.76% in FY25, aided by expanded printing capacity and new client additions.

• Paint segment saw 13% value growth and 6.8% volume growth year-over-year.

• IML and HTL labeled containers comprised 76% of total volume in Q4, up from 64.4% last year.

• FY25 EPS declined 9.2% to 18.22; Q4 EPS fell 9% to 4.90.

Outlook and guidance

• Pharma division expected to achieve INR 30+ crores turnover in FY26, with potential to reach INR 50 crores by FY27; capacity expansion and new product launches planned.

• Paint segment targeted for double-digit growth, supported by capacity expansions and increased IML adoption.

• Food and FMCG segment projected to grow 15–20% in FY26.

• EBITDA per kg targeted to reach INR 42–43 in the next 1–2 years as high-margin pharma and FMCG contributions rise.