Funskool India Limited, the country’s leading toy manufacturer, has recorded over 20% year-on-year growth for the FY 2024-25. The company’s long-term strategy of strengthening exports and contract manufacturing partnerships with global toy multinationals, while continuing to build a strong domestic brand presence, has proven highly successful. Notably, exports grew by nearly 30% compared to the previous year.
For the current fiscal, Funskool has set an ambitious target of achieving USD 40–45 million in revenue, capitalizing on the shifting global trade landscape and increasing preference for Indian manufacturing. Funskool now contributes close to 20% of India’s total toy exports, with exports to the United States accounting for around 40% of the company’s total outbound shipments.
Commenting on the performance, Mr. K.A. Shabir, CEO, Funskool India Ltd., said: “We are moving in the right direction. With an impressive growth trajectory, Funskool continues to play a vital role in advancing the ‘Make in India’ initiative. We are focused on deepening our partnerships with global toy brands and further positioning ourselves as a quality toy manufacturer in the international supply chain.”
The company doubled its production capacity last year through major expansions at its Ranipet facilities. In line with its aggressive growth plans, further capacity additions are planned across its Goa and Ranipet plants.
In addition to its strong export performance, Funskool has continued to expand its diverse portfolio of homegrown brands—including Giggles, Fundough, Handycrafts, Play&Learn, and its growing range of Games.