HDFC Securities Pick of the Week 07 Sep'26: JK Paper Ltd

JK Paper is one of India’s largest paper and packaging‑board manufacturers, with 761ktpa consolidated capacity and leadership positions in copier paper (>25% share) and virgin fibre board (>17% share). Strong brand equity, integrated wood‑based pulp, and expansion into corrugated boxes (350ktpa) and mono cartons via BPPL acquisition position the company as a diversified packaging major.

Rising VFB demand across FMCG, pharma and e‑commerce supports medium‑term growth, though global pulp-price volatility remains a key margin risk.