Shares of Ganesha Ecosphere Limited rose 8% on April 2, with the stock opening at ₹1,010.00 against its previous close of ₹1,022.20. The stock touched a session high of ₹1,109.75 and a low of ₹976.55. The 52-week range stands between ₹653.55 and ₹1,742.30. Live volumes stood at 44.05 lakh shares during the session.
The government notified 40 per cent recycled content mandatory in food & beverage (F&B) packaging effective April 1, 2026. The same has to be increased to 60 per cent by 2028-29.
Fast-moving consumer goods (FMCG) companies, including those in the food and beverages segment, have already begun adopting recycled packaging solutions. This shift is expected to be beneficial over the long term, particularly from a margin perspective, as packaging accounts for nearly 15–20% of the total raw material cost for FMCG players.
At the same time, the transition presents a positive outlook for packaging companies, with demand for recycled materials likely to rise in the coming years. Firms such as Ganesha Ecosphere and Uflex are well positioned to benefit, given their strong presence as key manufacturers of recycled packaging in India, according to a note by ICICI Securities.
Ganesha Ecosphere is one of India’s leading recycled polyester fibre manufacturers, processing post-consumer PET bottles into recycled polyester staple fibre and yarn, catering to the textile and packaging industries.
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