Ganesha Ecosphere Eyes FY27 Rebound as Recycled Plastic Rules Tighten

• Ganesha Ecosphere anticipates significant growth from FY27 due to stricter recycled plastic packaging mandates and increased capacity utilization.
• Demand was previously impacted by delays in government notification and a deferral option for brands, leading to postponed purchases of recycled plastic.
• The company expects a strong recovery once the 40% recycled content mandate is fully implemented, driving brands to use larger volumes.
• Ganesha Ecosphere is in talks with global and domestic brands for long-term food-grade rPET supply agreements, awaiting regulatory clarity.
• While legacy business operates at over 100% utilization, newer subsidiaries are at 50-55%, projected to reach 85-90% by FY27 with demand revival.