Synopsis: JK Paper Limited reported solid operational performance in Q4 FY26 with consolidated revenue of ₹2,111.54 crore and profit after tax of ₹91.98 crore. The company also recommended a dividend of ₹4 per share for FY26 while highlighting record production volumes despite cost pressures and currency-related headwinds.
JK Paper Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. For Q4 FY26, the company recorded a consolidated turnover of ₹2,111.54 crore, with an EBITDA of ₹279.07 crore and a profit after tax (PAT) of ₹91.98 crore.
The performance was supported by higher sales volumes and improved operational efficiencies across the company’s integrated paper and packaging operations. Management noted that the quarter benefited from strong demand across its core product categories, including copier paper, coated paper, and packaging boards.
For the full financial year FY26, the company reported consolidated turnover of ₹7,568.93 crore, reflecting approximately 7% year-on-year growth. EBITDA for the full year stood at ₹984.11 crore, while profit after tax reached ₹265.84 crore. During the year, the company achieved its highest-ever paper and board sales volume of 8.19 lakh metric tonnes, reinforcing its leadership in India’s branded copier paper and premium paper segments.
The Board of Directors recommended a dividend of ₹4 per equity share (40%) for FY26. The total dividend payout amounts to approximately ₹72.53 crore, subject to shareholder approval at the upcoming Annual General Meeting. The dividend announcement reflects management’s confidence in the company’s long-term growth trajectory and commitment to rewarding shareholders.
A major structural development during the year for JK Paper Limited was the approval of a Composite Scheme of Arrangement by the National Company Law Tribunal on February 3, 2026, which became effective on March 15, 2026. As part of the restructuring, The Sirpur Paper Mills Limited, earlier a step-down subsidiary, became a wholly owned subsidiary of JK Paper, while three packaging conversion companies were merged into the group. The move is expected to simplify the corporate structure, improve operational efficiency, and strengthen JK Paper’s presence across the packaging value chain.
The company is also close to commissioning a Hardwood Bleached Chemical Thermo-Mechanical Pulp (BCTMP) plant at its Central Pulp Mills unit in Gujarat, with commercial production expected to begin in Q1 FY27. This backward integration initiative will help the company reduce dependence on costly imported pulp while ensuring a steady supply of high-quality raw material for paper production.
Despite operational improvements and record production volumes, the paper industry faced margin pressure during FY26 due to rising wood and raw material costs, increased low-priced imports affecting domestic pricing, and the sharp depreciation of the Indian rupee against the euro, which led to restatement losses and impacted net profit. Management acknowledged that these external factors weighed on margins even as the company achieved strong sales growth.
The company continued its focus on sustainable forestry and rural development initiatives. During FY26, JK Paper planted 11.93 crore saplings across 90,238 acres through its farm forestry programs across Odisha, Gujarat, Maharashtra, Telangana, and Andhra Pradesh.
In addition, the company spent ₹24.98 crore on CSR initiatives, benefiting more than 12.5 lakh people across 876 villages through programs focused on livelihood development, education, women empowerment, healthcare, and environmental conservation.
Shares of JK Paper Limited were trading at ₹391.85 on May 19, 2026, up ₹20.50 or 5.52% from the previous close of ₹371.35 on the National Stock Exchange of India. The stock opened at ₹394.80 and touched an intraday high of ₹401.50, with a traded volume of 20.66 lakh shares and a total market capitalization of about ₹7,104.98 crore.
Company Overview
JK Paper Limited is one of India’s leading paper and packaging manufacturers, producing a wide range of value-added products including copier paper, coated paper, security paper, packaging boards, food-grade paper, corrugated boxes, and labels. With integrated manufacturing facilities and a strong brand presence in the office paper segment, the company continues to expand its footprint in the fast-growing packaging industry.
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