From JK Paper to West Coast Paper Mills... Paper stocks surge up to 17%. Here's why
Published on 25/08/2025 11:55 AM
Several paper stocks witnessed strong buying interest in intraday trade on Monday, August 25, after the Indian government fixed a minimum import price for some paper boards. Shares of Tamil Nadu Newsprint & Papers, JK Paper, Emami Paper Mills, and West Coast Paper Mills surged up to 17 per cent in the morning session. Stocks such as Malu Paper Mills, Andhra Paper, Sangal Papers, Pudumjee Paper Products, and Ruchira Papers jumped up to 13 per cent.
Paper stocks are rising after the central government introduced a minimum import price (MIP) for Virgin Multi-layer Paper Board (VPB).
VPB is widely used in the packaging of products in the pharmaceutical, FMCG, electronics, cosmetics, liquor, and publishing sectors.
An ANI report highlighted the August 22 notification issued by the Directorate General of Foreign Trade (DGFT), which stated that the import of VPB under HS Codes 48059100, 48059200, 48059300, 48109200, and 48109900 will now be subject to a MIP of ₹67,220 per metric ton on a cost, insurance, and freight (CIF) basis. This minimum import price on VPB will remain in effect till 31 March 2026.
Paper stocks have seen an uptrend in the last few months on stable raw material prices and increased demand ahead of the start of the festive season.
According to Crisil, due to improvement in realisations and volume, the revenue of writing and printing (W&P) paper manufacturers may recover by 4-5 per cent in FY26 after declining 7 per cent last fiscal.
Realisations, which declined nearly 12 per cent last fiscal, will improve 2-3 per cent, driven by better demand-supply dynamics due to no material increase in imports of low-cost W&P into India, which contributes to 18-20 per cent of total volume.
(This is a developing story. Please check back for fresh updates.)
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Download the Mint app and read premium stories
Log in to our website to save your bookmarks. It'll just take a moment.