Swara Baby Products, the Indian hygiene products manufacturer, plans to invest 558.47 crore INR ($66.7 million) to establish a new manufacturing facility at Pithampur in Dhar, Madhya Pradesh.
The proposed facility will add an annual capacity of 1,464 million baby diapers, 252 million adult diapers and 192 million sanitary napkins. Following the expansion, the company’s total installed capacity is expected to reach 4,124 million baby diapers, 505 million adult diapers and 948 million sanitary napkins annually. The new plant will manufacture baby and adult diapers in both pant-style and tape-style formats, covering sizes from newborn and small up to XL and XXL.
Funding for the project includes Rs. 198.21 crore ($23.7 million) from the net proceeds of a proposed initial public offering (IPO). As of 31st May 2026, the company had already deployed 159.65 crore INR ($19.1 million) towards the project, with Rs. 160.55 crore ($19.2 million) arranged through other verifiable sources. The remaining funding is expected to come from external debt and internal accruals.
According to reports, Swara Baby was India’s largest contract manufacturer by value in the hygiene manufacturing industry in the 2025 financial year, holding an estimated 37% share of the baby diaper contract manufacturing market by value.
Source: Indian Pharma Post
