Nikita Papers, with an installed manufacturing capacity of 1,33,000 MTPA, posted 7.63% revenue growth and accelerated the installation of a state-of-the-art waste-to-energy project

Nikita Papers, with an installed manufacturing capacity of 1,33,000 MTPA, posted 7.63% revenue growth and accelerated the installation of a state-of-the-art waste-to-energy project

- Plans to broaden its export footprint by targeting emerging markets
- NPL achieved a turnover of Rs. 36,442.43 Lacs, reflecting a growth of 7.63% over the previous year’s turnover

The Pulp and Paper Times

The manufacturing journey of Nikita Papers Limited (NPL) began in 1991 with the establishment of its first production unit in Shamli, Uttar Pradesh, operating with a modest capacity of 30 metric tonnes per day. At the time, the objective was straightforward — to meet the growing demand for Kraft paper in the Indian market with a steadfast focus on quality, reliability, and consistency.

Today, the Company operates with a robust installed capacity of approximately 1,33,000 metric tonnes per annum (MTPA). Our product range includes Kraft paper in the 80–200 GSM segment, offered across a variety of Burst Factor (B.F.) grades — enabling us to serve a wide spectrum of packaging requirements, from lightweight cartons to heavy-duty industrial applications.

NPL’s paper grades find applications across a wide array of industries, including food & beverage, pharmaceuticals, cosmetics, FMCG, and many others. This broad industry reach reflects the versatility and reliability of our products in meeting the varied packaging and manufacturing requirements of our customers.

“Our industry is undergoing a paradigm shift with growing demand for eco-friendly alternatives to plastic packaging. We embrace this as both a responsibility and an opportunity. Our recycled kraft paper and packaging solutions are designed to support a greener future, and we are proud to contribute to promoting sustainable lifestyles,” Mr. Sudhir Kumar Bansal, Chairman, Nikita Papers Limited said in the annual report for FY 24-25

In FY 24-25, NPL continued to push boundaries — enhancing production capabilities, expanding our product portfolio, and reinforcing our commitment to sustainability. Transitioning 50% of its fuel usage to Refuse-Derived Fuel (RDF) and upholding Zero Liquid Discharge (ZLD) practices across campus are milestones that reflect NPL’s dedication to environmentally responsible manufacturing.

Performance & Progress

Nikita Papers operations continue to strengthen, driven by strategic initiatives that enhance both productivity and sustainability. With an installed manufacturing capacity of approximately 1,33,000 metric tonnes per annum, we are proud to offer a broad portfolio that includes recycled kraft paper, fluting media, multi-liner kraft paper, and more — designed to meet the packaging needs of diverse industries such as FMCG, food & beverage, pharmaceuticals, and cosmetics.

During the financial year ended March 31, 2025, NPL achieved a turnover of Rs. 36,442.43 Lacs, reflecting a growth of 7.63% over the previous year’s turnover of Rs. 33,860.08 Lacs. In the previous financial year (2023–24), there was an exceptional item amounting to Rs. 448.20 Lacs. Excluding this, the Company has demonstrated consistent performance.

The Company reported a Net Profit of Rs. 2,301.88 Lacs for the year ended March 31, 2025, compared to a Net Profit of Rs. 2,072.37 Lacs in the previous year, indicating a steady year-on-year growth.

By leveraging innovative recycling technologies, NPL has successfully incorporated higher percentages of recycled fibres into paper grades without compromising on quality or performance. This commitment not only reduces environmental impact but also aligns with the growing demand for eco-friendly packaging alternatives.

“We look to the future, our strategy centres on further integrating recycling innovations, expanding production capacity, and enhancing green technologies. The rising global demand for sustainable packaging solutions presents tremendous opportunity, and we are well-prepared to meet this demand with responsible products that support a greener planet.” Mr. Ashok Kumar Bansal, Managing Director of Nikita Papers Limited said in the report.

Nikita Papers Limited continues to maintain a strong, resilient operational foundation in a rapidly evolving and sustainability-focused market landscape. Despite global and domestic challenges, the company has navigated industry shifts with confidence by leveraging its core strengths — efficient recycled paper manufacturing, quality driven processes, and a deeply customer-centric approach.

During the reporting period, Nikita Papers Limited demonstrated robust operational performance and continued progress in its commitment to sustainable and circular manufacturing practices. The company achieved a notable capacity utilization rate of approximately 82%, reflecting efficient plant operations, proactive maintenance, and enhanced process stability.

A key milestone during the year was the successful completion of a capital expenditure project focused on the modification of existing boilers to utilize Refuse-Derived Fuel (RDF) — a significant step toward adopting green energy solutions. By converting waste materials into usable fuel, the company is not only reducing its reliance on conventional fossil fuels but also contributing to cleaning up societal waste and promoting a circular economy. This initiative aligns with the company’s broader sustainability vision of supporting a cleaner, greener Earth.

OUTLOOK:

Nikita Papers Limited remains optimistic about its future prospects, well-positioned to leverage favorable industry trends and a recovering global economy. The increasing demand for eco-friendly and sustainable packaging solutions continues to drive growth in the Kraft paper segment. Heightened environmental awareness and regulatory mandates promoting biodegradable and recyclable packaging are key factors expected to fuel demand across both domestic and international markets. 

Following its successful IPO and listing, the Company has accelerated the installation of a state-of-the-art Waste-to-Energy project to cater to the growing demand for green energy and mitigate reliance on coal-based thermal power for production needs. This strategic initiative not only supports the Company’s sustainability goals but also enhances energy security and operational efficiency. The Company is also strategically equipped to accelerate investments in capacity expansion, modernization, and operational efficiencies. 

These initiatives will not only boost productivity but also enhance profit margins, reinforcing its competitive edge. Furthermore, the Company plans to broaden its export footprint by targeting emerging markets in Southeast Asia, the Middle East, and Africa, capitalizing on India’s cost advantages and growing global preference for sustainable paper products.
 

Published at : May 02, 2026 06:19 AM (IST)

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