GOOD NEWS: Indian Toners FY26 Profit Jumps 21% as Domestic Sales Surge.

Indian Toners & Developers Ltd. reported a strong FY26 performance, with profit after tax (PAT) jumping 21% to approximately US$3.1 million, compared with about US$2.6 million in FY25, while revenue increased more than 8% to roughly US$19 million. The Indian toner manufacturer benefited from stronger domestic sales, improved profitability and growing demand in its home market, helping offset weak export performance. Sales volumes reportedly increased more than 11%, although export revenue remained under pressure amid sluggish overseas demand and geopolitical uncertainty. The company also approved a dividend of approximately US$0.07 per share, rewarding shareholders following the improved results. Indian Toners’ FY26 earnings growth highlights continued resilience in India’s toner manufacturing sector, although the company’s weaker start to FY27 could raise questions about whether it can maintain this momentum.