Chennai, April 13
Funskool India Limited, the country’s leading toy manufacturer promoted by the MRF Group, has reported a turnover of $40 million for the financial year 2025–26, underlining steady growth despite a challenging global economic environment.
The company has maintained consistent momentum over the past two years, recording an average growth rate of 14%. Notably, its export business has emerged as a key driver, growing at 19% year-on-year, reinforcing Funskool’s strong foothold in international markets. This performance comes at a time when global trade disruptions and shifting supply chains have posed challenges for manufacturers worldwide.
In contrast, the domestic business has seen relatively modest single-digit growth during the same period. However, the company is witnessing encouraging demand in select segments, particularly in its popular Fundough (dough-based toys) and Handycrafts (arts and crafts) categories, which continue to attract young consumers and parents alike.
Commenting on the performance, CEO K.A. Shabir said the company had successfully navigated external pressures, including tariff-related challenges in the United States, while sustaining growth in both export and domestic markets. He added that ongoing geopolitical tensions in West Asia have prompted the company to adopt a cautious growth outlook of 12–15% for the coming year, with a review planned after the first quarter once conditions stabilise.
Funskool has also strengthened its global partnerships over the past year, collaborating with leading international brands such as Spin Master, Moose Toys, Melissa & Doug, and Asmodee. In addition, it has entered into new partnerships with Learning Resources and Buffalo Games, further expanding its global footprint.
On the infrastructure front, the company’s Goa manufacturing facility is undergoing expansion and is expected to be completed by the end of the current financial year, enhancing production capacity to meet growing demand.
Looking ahead, Funskool is optimistic about a stronger domestic performance in FY 2026–27, driven by the launch of new product lines. These include friction-powered vehicles under the “BlazeTrix” brand and remote-control cars under “VoltRush,” along with licensed products such as “Paw Patrol,” aimed at tapping into evolving consumer preferences.
With India increasingly emerging as a preferred manufacturing hub, Funskool is positioning itself to leverage its integrated capabilities across design, manufacturing, and distribution to capitalise on new global opportunities.
