Indian paper industry battles headwinds: Results show mixed performance

The second quarter of Fiscal Year 2026 (Q2 FY26) presented a challenging and mixed financial landscape for India’s paper majors. While Tamil Nadu Newsprint & Papers Ltd (TNPL) returned to profitability, other key players like JK Paper and Seshasayee Paper reported sharp profit declines. Underlying the varied results is a consistent theme of industry-wide headwinds, including pressure from cheap imports, rising raw material costs, and adverse regulatory changes

by Prabhat Prakash