New Delhi, April 13: Funskool India Ltd, one of the country’s leading toy manufacturers, has touched a turnover of $40 million in FY2025–26, underscoring steady growth and resilience amid a challenging global business environment.
The company reported an average growth of 14% over the past two years, while its exports business grew 19% year-on-year during the same period, reaffirming Funskool’s strong position in international toy markets.
While domestic operations expanded at a modest single-digit pace over the last two years, the company said it is witnessing strong traction in key categories such as Fundough and Handycrafts, which continue to drive consumer engagement in the homegrown portfolio.
Commenting on the performance, K.A. Shabir, CEO, Funskool India Ltd, said the company remains cautiously optimistic amid global geopolitical uncertainties.
“We successfully navigated the challenges posed by US tariffs last year and continued to grow our export and domestic business. Given the ongoing geopolitical situation in West Asia, we are currently working with a moderate growth outlook of 12–15%, with plans to revisit our targets after Q1 once the situation stabilises.”
He added that Funskool has further strengthened its global partnerships with leading toy companies including Spin Master (Canada), Moose Toys (Australia), Melissa & Doug (USA), and Asmodee (France), alongside several European partners.
The company also entered into new partnerships with Learning Resources and Buffalo Games in the US last year, strengthening its role in the global contract manufacturing and toy supply ecosystem.
A major growth lever for the company remains its Goa plant expansion, which is currently underway and expected to be completed by the end of the current financial year. The capacity addition is expected to support both export demand and the company’s expanding domestic portfolio.
With India increasingly emerging as a preferred global manufacturing destination, Funskool is leveraging its integrated capabilities across design, manufacturing, and distribution to capture a larger share of international opportunities. The company has been steadily increasing its contribution to India’s toy exports, which already account for a meaningful share of outbound shipments.
For FY2026–27, the domestic business is expected to witness a significant shift in growth momentum, driven by the launch of new categories such as friction vehicles under the “BlazeTrix” brand and remote-control cars under “VoltRush.”
Additionally, the inclusion of popular licensed properties such as Paw Patrol is expected to strengthen Funskool’s play in the fast-growing kids entertainment and character-led toy segment.
With stronger exports, expanding global alliances, and new domestic product categories, Funskool appears well-positioned to accelerate growth as India’s toy manufacturing ecosystem continues to gain global relevance.
