EPACK Durable Reports Q1 FY27 Results; Revenue Rises 33.8% YoY Amid Margin Pressure

EPACK Durable Reports Q1 FY27 Results; Revenue Rises 33.8% YoY Amid Margin Pressure​

EPACK Durable Limited, a leading living appliances Original Design Manufacturer (ODM), reported record quarterly revenue for the quarter ended June 30, 2026. The company saw a 33.8% increase in total operating revenue compared to Q1 FY26, driven primarily by strong performance in Air Conditioner (RAC) and Small Domestic Appliance (SDA/LDA) segments. However, EBITDA margin compression was noted, with the company reporting a flat year-on-year EBITDA figure.

Operational Snapshot and Strategy

EPACK Durable is profiled as one of India's top ODM/OEM partners for room air conditioners and a fast scaling player across various small and large domestic appliances and critical components. The company has over two decades of industry experience and maintains a diversified portfolio spanning RAC, LDA, SDA, and Components. It possesses three NABL-certified R&D labs and operates manufacturing sites in locations including Dehradun, Bhiwadi, Sri City, and parts managed by EMTPL and EPAVO.

In terms of strategy, the company is focusing on diversification and backward integration, investing in critical components such as heat exchangers, copper tubing, PCBAs, sheet metal, and plastic moulding. The strategic capital expenditure plan includes investments across its manufacturing locations, with Q1 FY27 capex standing at approximately ₹102 Mn.

Q1 FY27 Financial Highlights

The company’s performance in Q1 FY27 demonstrated robust top-line growth coupled with margin challenges, a trend observed sector-wide during the quarter.


Segment Revenue Analysis

The growth in operating revenue was primarily driven by the AC and SDA/LDA categories, while the Components segment experienced a decline on a high base.


The significant growth in SDA & LDA was led by new product launches and strong traction for air fryers and washing machines. RAC scaled effectively at 43.8%, reflecting strong peak-season demand.

Financial Performance Breakdown

While revenue expanded, the profitability indicators showed pressure due to rising input costs, higher operating expenses (Opex), increased depreciation, and finance costs—all trends noted across the industry in Q1 FY27.

Key figures from the quarterly performance include:

• Total Expenses grew at 36.7% YoY to ₹8,310 Mn.
• Depreciation saw a rise of 30.7%, reaching ₹166 Mn in Q1 FY27 compared to ₹127 Mn in Q1 FY26.
• Finance Costs increased by 27.0% year-on-year, recording ₹202 Mn.

Historical Financial Context

Looking at the consolidated historical financial data (FY23 to FY26), the company maintained an operating revenue of ₹18,945 Mn in FY26, generating EBITDA of ₹1,139 Mn, which represented a 6.01% margin. Profit After Tax for FY26 stood at ₹33 Mn, or 0.17% of operating revenue.

In terms of capital market standing as of June 30, 2026:

• The company’s Market Capitalization was valued at ₹22,210 Mn.
• The stock was trading at a Constant Market Price (CMP) of ₹230.81.

Efficiency and Leverage Metrics

Operational efficiency metrics for FY25 and FY26 indicate trends in asset utilization:

In terms of leverage, the company’s Net Debt / Equity ratio rose to 0.72 in FY26, compared to 0.37 in FY25. Return on Capital Employed (RoCE) stood at 5.2% in FY26, down from 10.8% in FY25.

EPACK Stock Price Movement​

On Tuesday, shares of EPACK Durable Limited shed 1.98%, settling at ₹227.27 as trading closed. The stock had fluctuated throughout the session within a range spanning from ₹222.00 to ₹234.10.