| Revenue growth | 16% YoY growth to ₹495 Crore, record quarterly performance. |
|---|---|
| Margins | EBITDA margins improved to 18% due to operational efficiencies. |
| Demand visibility | Strong domestic demand; flexible packaging segment at near-full utilization. |
| Management confidence | Balanced; optimistic on domestic growth but cautious on global environment. |
Growth
Revenue grew 16% YoY to ₹495 Cr; PAT surged 79% to ₹40 Cr, driven by strong domestic demand.
Outlook
Investment of ₹125 Cr planned for battery films by Q4 FY28, targeting ₹150-200 Cr revenue in phase one.
Risks
Expansion into battery separator films involves high technology execution risk and global macroeconomic uncertainty remains a headwind.
Last quarter's promises, checked
Delivered
- Guided for capex of ~₹100 Cr → delivered ₹100 Cr core capex (= BEAT)
- Targeted improved margins via price pass-through → EBITDA margin rose to 18% (= BEAT)
- Expected improved utilization at Chennai/Silvassa → achieved record quarterly performance (= BEAT)
Partly delivered
- Guided for recovery in exports → domestic demand drove growth while global headwinds remain (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: TCPLPACK. Summary written with AI assistance from the document.
TCPL Packaging Ltd: key numbers
- Share price
- ₹4,006.20
- Market cap
- ₹3,646 Cr
- Revenue (annual)
- ₹1,810 Cr
- Net profit (annual)
- ₹97.80 Cr
- P/E (TTM)
- 31.6×Sector 40.4×
- Promoter holding
- 55.74%+0.00% QoQ
- FII holding
- 1.01%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from TCPL Packaging Ltd
All →TCPL Packaging Capital Structure Change
Clarus Capital I and other entities acquired 2,339 shares of TCPL Packaging Ltd. This purchase increased their aggregate holding from 4.98% to 5.01%.
TCPL Packaging Promoter Selling (Off-Market)
Promoter Saket Kanoria disposed of 1,000 equity shares of TCPL Packaging Limited through an off-market inter-se transfer. His individual stake decreased from 0.47% to 0.46%.
TCPL Packaging Promoter Buying (Off-Market)
Promoter group member Veer Kanoria acquired 1,000 shares (0.01% stake) via an off-market gift transaction from Saket Kanoria. This internal transfer reallocates promoter group equity.
- Promoter stake change
- +0.01%
TCPL Packaging Merger & Restructuring Worth ₹10 Cr
TCPL Packaging has incorporated a new wholly owned subsidiary, TCPL Energy Materials Limited, to manufacture lithium-ion battery separator films.
- Value
- ₹10.00 Cr
TCPL Packaging Employee Stock Options
TCPL Packaging Limited's ESOP Trust transferred 219 equity shares to an employee following the exercise of stock options. This routine transaction aligns with the company's employee incentive plan.
TCPL Packaging Annual General Meeting
TCPL Packaging Limited held its 38th Annual General Meeting on August 11, 2026. All agenda items, including dividend declaration, were approved by the shareholders.