TCPL Packaging Limited (TCPLPACK) — Financial Results | 8 June 2026

TCPL Packaging reported FY26 consolidated revenue of INR 1,836 crore, up 3% YoY, with EBITDA at INR 318 crore and 17.3% margin. Q4 revenue reached INR 465 crore, up over 9% YoY, driven by domestic volume growth that offset export softness from Middle East disruptions. Full-year EBITDA margin stood at 17.3%, impacted by elevated raw material costs and delayed pricing actions. The company declared a dividend of INR 25 per share, marking its 26th consecutive year of payouts. Balance sheet remains strong with Net Debt of INR 554.7 crore and leverage ratios of 0.77x Net Debt-to-Equity and 1.75x Net Debt-to-EBITDA. Management highlighted progress in backward integration with new gravure cylinder and Chennai greenfield facilities scaling up, and awarded EcoVadis Bronze Medal for sustainability. Domestic demand remains stable with no sector-specific slowdown, though export recovery depends on Middle East normalization. Capex for FY27 is planned at INR 100 crore, focused on flexible packaging expansion, with operating leverage expected to improve as new capacity comes online.