Home / Business and Economy / SPEB Adhesives Scales Up Production for National Ambitions
SPEB Adhesives Scales Up Production for National Ambitions
20 May
Summary
- SPEB Adhesives' revenue grew 12.7% to ₹50.57 crore in FY26.
- New facility in Maharashtra will boost capacity by 137%.
- Company targets 25-30% revenue CAGR through FY28.
India's manufacturing sector is witnessing a trend of small and mid-sized companies pursuing scale. SPEB Adhesives Limited exemplifies this shift, reporting a 12.7 percent revenue increase to ₹50.57 crore in FY26, with profits also rising.
The company's strategic IPO funding is fueling expansion, including a new production facility in Khalapur, Maharashtra. This facility, spanning over 16,000 square meters, will significantly increase SPEB's manufacturing capacity by 137 percent.
This expansion enables backward integration into water-based adhesives, enhancing control over production and margins. SPEB is also broadening its product range and strengthening distribution networks nationwide.
Management projects a cumulative impact from these initiatives starting FY27, guiding for a 25-30 percent revenue compound annual growth rate through FY28.
