Funskool India Achieves $40 Million Turnover in FY26 Amidst Growth Challenges
Funskool reports $40 million turnover in FY26
The Times Of IndiaImage: The Times Of India
Funskool India, a toy manufacturer based in Chennai and promoted by the MRF Group, reported a turnover of $40 million for the financial year 2026, marking a 7% increase from FY25. The company anticipates moderate growth of 12%-15% in the upcoming year, driven by new product categories and ongoing expansion efforts.
- 01Funskool India achieved a turnover of $40 million in FY26, a 7% increase from FY25.
- 02The company has recorded an average growth of 14% over the past two years.
- 03Exports grew by 19% year-on-year during the same period.
- 04CEO K A Shabir indicated a moderate growth outlook of 12%-15% for FY27.
- 05Expansion of the Goa plant is expected to be completed by the end of the financial year.
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Funskool India, a toy manufacturer based in Chennai, reported a turnover of $40 million for the financial year 2026, reflecting a 7% increase compared to the previous year, FY25. Over the past two years, the company has maintained an average growth rate of 14%, with exports experiencing a notable 19% year-on-year increase. CEO K A Shabir highlighted that despite challenges such as US tariffs and geopolitical tensions in West Asia, Funskool has successfully expanded both its export and domestic markets. Looking ahead, the company is projecting a moderate growth outlook of 12%-15% for FY27, with plans to reassess targets after the first quarter. Additionally, the company is diversifying its product offerings with new categories, including friction vehicles and remote-control cars, which are expected to drive growth momentum in the domestic market. The ongoing expansion of its Goa plant is anticipated to be completed by the end of the financial year, further enhancing production capabilities.
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The growth in Funskool's turnover and expansion plans could lead to increased employment opportunities and economic activity in Chennai.
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