The company, promoted by MRF Group, recorded an average growth of 14 per cent over the past two years with exports growing at 19 per cent year-on-year during the same period.
While the domestic business has grown at a modest single-digit pace over the last two years, Funskool is witnessing encouraging traction in key categories such as Fundough (dough) and Handycrafts (arts and crafts), the company said in a statement.
“We successfully navigated the challenges posed by the US tariffs last year and continued to grow our export business and domestic business. Given the ongoing geopolitical situation in West Asia, we are currently working with a moderate growth outlook of 12–15 per cent with plans to revisit our targets after Q1 once the situation stabilises,” K.A. Shabir, CEO, Funskool India Ltd., said in a statement.
“Over the past year, we have further strengthened our partnerships with leading global companies such as Spin Master (Canada), Moose Toys (Australia), Melissa & Doug (USA), and Asmodee (France), along with several other European partners. We have also established new partnerships last year with Learning Resources (USA) and Buffalo Games (USA). Our Goa plant expansion is in progress and is expected to be completed by the end of this financial year,” he added.
In the domestic business, Funskool expects a significant shift in growth momentum for FY 2026–27, driven by the introduction of new categories such as friction vehicles under the brand “BlazeTrix” and remote-control cars under “VoltRush”, along with the addition of popular licences such as Paw Patrol.
With India emerging as a preferred manufacturing destination, Funskool said it was well-positioned to financial leverage its integrated capabilities across design, manufacturing and distribution to capture new opportunities in global markets.
