Raghav Productivity Enhancers Ltd. Delivers 25% Sales Growth Despite Industry Slowdown
Raghav Productivity Enhancers Ltd. (RPEL), the world’s largest manufacturer of Silica Ramming Mass, announced its result for the nine-month period and quarter ended 31 December, 2025. The company recorded a 25% sales growth, driven by a 26% increase in volumes. The PAT per MT also improved due to product mix, cost optimization initiatives, and higher realization on account of increasing exports. The company's capacity utilization was 80% on a consolidated basis, delivering 30% ROCE and 25% ROE. Despite a slowdown in the end-user industry, the company showed resilience and increased its market share. Export sales volumes grew ~15%, and the share of Eastern and Southern Markets now contributes more than 50% of total domestic sales volume. RPEL serviced a total of 283 customers, with the top 20 customers standing at 46%, indicating a balanced and diversified customer base.
Key Highlights
- Recorded 25% sales growth, driven by ~26% increase in volumes
- PAT per MT continue to improve, driven by product mix, cost optimization initiatives, and higher realization on account of increasing exports
- Capacity utilization was 80% on a consolidated basis
- Company showed resilience to industry cycles and increased market share
- Export sales volumes grew ~15%