TCPL Packaging Reports Q4 and Full Year FY26 Results, Citing Domestic Strength and Focus on Margin Recovery
TCPL Packaging Limited, a leading producer of sustainable packaging solutions across various industries, announced its financial results for the quarter and year ended March 31, 2026. The company reported total income for the consolidated entity at Rs. 465.2 crore for Q4 FY26.The board also recommended a dividend of Rs. 25 per share for FY26.
Financial Performance Overview
The financial performance highlights for the consolidated and standalone entities for Q4 FY26 and the full year FY26 are detailed below.Financial Performance Snapshot (Rs. crore)
| Particulars | Consolidated Q4 FY26 | Consolidated Q4 FY25 | YoY% (Consolidated) | Standalone Q4 FY26 | Standalone Q4 FY25 | YoY% (Standalone) |
|---|---|---|---|---|---|---|
| Total Income | 465.2 | 426.0 | 9% | 448.1 | 411.7 | 9% |
| EBITDA (Incl. Other Income) | 80.8 | 75.7 | 7% | 78.7 | 72.5 | 9% |
| EBITDA Margin (%) | 17.4% | 17.8% | -42 bps | 17.6% | 17.6% | -6 bps |
| Profit Before Tax | 42.5 | 39.5 | 7% | 42.0 | 37.4 | 12% |
| Profit After Tax | 21.7 | 38.0 | -43% | 21.2 | 35.3 | -40% |
| Cash Profit | 60.8 | 57.9 | 5% | 59.3 | 55.1 | 7% |
| EPS (Rs.) | 23.9 | 41.8 | -43% | 23.3 | 38.8 | -40% |
Full Year Performance Comparison (Rs. crore)
| Particulars | Consolidated FY26 | Consolidated FY25 | YoY% (Consolidated) | Standalone FY26 | Standalone FY25 | YoY% (Standalone) |
|---|---|---|---|---|---|---|
| Total Income | 1,835.6 | 1,784.6 | 3% | 1,763.4 | 1,711.8 | 3% |
| EBITDA (Incl. Other Income) | 317.7 | 307.4 | 3% | 310.9 | 301.8 | 3% |
| EBITDA Margin (%) | 17.3% | 17.2% | 8.2 bps | 17.6% | 17.6% | -0.2 bps |
| Profit Before Tax | 155.1 | 173.7 | -11% | 154.3 | 172.7 | -11% |
| Profit After Tax | 97.8 | 143.0 | -32% | 97.2 | 141.3 | -31% |
| Cash Profit | 224.6 | 249.2 | -10% | 220.4 | 245.4 | -10% |
| EPS (Rs.) | 107.5 | 157.2 | -32% | 106.8 | 155.2 | -31% |
Operational Highlights and Outlook
Saket Kanoria, Chairman and Managing Director of TCPL Packaging Limited, commented on the results, noting that the quarter's performance was supported by continued strength in the domestic business. He attributed this stability to volume growth in India that remained ahead of underlying consumer market growth, helping to mitigate the effects of geopolitical disruptions in the Middle East.Kanoria also pointed out that while exports faced impacts in the quarter, the company continued to strengthen its presence globally and deepen customer relationships, expecting these efforts to support improved export momentum as market conditions normalize.
Regarding margins, he stated that the performance reflected elevated raw material costs and a timing lag in passing on cost inflation. The company remains focused on achieving margin recovery through calibrated pricing actions, improving the product mix, and enhancing operating efficiencies.
Operationally, the flexible packaging business delivered a strong performance throughout the year, characterized by healthy capacity utilization across plants. Furthermore, the paperboard segment benefits from the ongoing scale-up at the Chennai Greenfield facility, which has seen encouraging customer traction. The gravure cylinder facility at Silvassa has also ramped up well, which strengthens backward integration, enhances operational efficiency, and supports faster turnaround times for customer requirements.
Sustainability and Corporate Achievements
TCPL Packaging Limited recognized its commitment to sustainability and corporate governance through several recent achievements.The company was awarded the EcoVadis Bronze Medal during its inaugural sustainability assessment, placing it among the top 35% of globally assessed companies. This recognition underscores progress across environmental, ethics, labor and human rights, and sustainable procurement practices. The company aims for continued sustainability growth, targeting Net Zero for Scope 1 and 2 emissions by 2040 and striving for a Silver rating in its next assessment.
In addition, TCPL formally committed to the United Nations Global Compact (UNGC) and its 10 Principles, reinforcing alignment with globally recognized responsible business practices.
In FY26, the company received several accolades, including recognition for Industry Best Practices from Marico Industries Ltd. at Marico's 8th Supplier Quality Excellence Meet 2026. The company also secured six honors at the SIES SOP Star Awards 2026, including the President's Award for Innovation & Sustainability. Furthermore, TCPL was honoured with the Most Preferred Workplace Award for 2025-2026 in the Manufacturing Category.
Looking ahead, the company stated that its focus remains on expanding its footprint and broadening its product portfolio by leveraging its strong innovation and new product development capabilities. The firm aims to drive healthy long-term growth by maintaining a strong balance sheet, prudent capital allocation, and sustained investments in capabilities.
TCPLPACK Stock Price Movement
On Wednesday, TCPL Packaging Limited shares edged higher, gaining 2.15% to close at ₹2658.4. The stock traded within a range of ₹2566.7 to ₹2668.8, based on a total traded volume of 1,341.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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