UFlex Records Growth in Q4 FY26, Achieves Rs. 3,171 Million Net Profit for FY26

UFlex Records Growth in Q4 FY26, Achieves Rs. 3,171 Million Net Profit for FY26​

Uflex Limited reported consolidated net revenue of Rs. 40,973 million for the fourth quarter of fiscal 2026 and Rs. 155,130 million for the full fiscal year 2026. The company noted strong sales performance, attributing the results to robust operational execution and expanded margins, despite a challenging global operating environment.

EBITDA reached Rs. 6,265 million in Q4 FY26 and totaled Rs. 19,836 million for the entire fiscal year, significantly up from previous periods. Normalized net profit also showed a substantial increase, hitting Rs. 2,026 million in Q4 FY26 and Rs. 3,362 million for FY26.

Financial Performance Summary​

The company’s results for the quarter and full year ended March 31, 2026, reflect continued operational momentum.


The company's overall revenue grew 5.7% year-on-year for the full fiscal year, supported by stable demand, while the EBITDA margin expanded by 70 basis points to 12.8%.

Operational Highlights and Growth Drivers​

Uflex concluded FY26 with a strong Q4 performance. Revenue for the quarter increased by 12.8% QoQ and 5.7% YoY, reaching Rs. 40,973 million, driven by a 10.3% QoQ and 1.0% YoY increase in sales volume to 166,879 MT.

EBITDA witnessed a sharp jump, rising by 33.6% QoQ and 31.8% YoY to Rs. 6,265 million, reflecting improved realization and operational excellence. EBITDA margin expanded significantly by 260 basis points QoQ and 300 basis points YoY, hitting 15.3% in Q4 FY26.

For the full year FY26, consolidated revenue grew 2.1% year-on-year to Rs. 155,130 million. Sales volume increased by 0.4% to 649,789 MT in FY26.

Segment Performance Deep Dive​

Packaging Business:
The Packaging segment (comprising Flexible Packaging, Aseptic Liquid Packaging, and Holography) reported a sales volume growth of 7.1% QoQ and 1.6% YoY, reaching 38,842 MT in Q4 FY26. For FY26, sales volumes increased by 5.1% to 151,755 MT.

India Packaging Films:
The Packaging Films business saw capacity utilization improve to 66.2% in Q4 FY26. Production volumes increased 6.0% QoQ to 27,181 MT, with sales volumes improving sequentially by 6.3% to 26,888 MT. For FY26, capacity utilization stood at 72.3%, and sales volumes increased by 7.1% YoY to 117,780 MT.

Americas Region (USA & Mexico):
Sales volumes in the Americas region increased by 23.0% QoQ and 18.0% YoY to 31,883 MT in Q4 FY26. This growth was attributed to the gradual demand recovery following temporary deferments and seasonal restocking. For FY26, sales volumes declined marginally by 1.0% YoY to 110,693 MT.

Europe (Hungary, Poland, CIS):
In Q4 FY26, European production volume grew 9.2% QoQ and 0.8% YoY to 34,334 MT. For FY26, production volumes stood at 132,740 MT. Overall sales volumes for the region declined 5.5% to 135,465 MT, citing prolonged soft demand and increased low-cost imports.

MEA Region:
The packaging film plants in the MEA region operated at 81.6% capacity utilization in Q4 FY26, with production volume at 40,583. Sales volume grew 4.6% QoQ to 33,899 MT. Management noted that localized sourcing due to West Asia crisis led supply chain disruptions was a primary driver for sequential improvement in Egypt and Dubai.

Strategic Investments and Capacity Expansion​

Uflex continues to invest heavily in future capabilities across global markets:

• Egypt: The company is establishing a greenfield aseptic liquid packaging facility with an annual production capacity of 12 billion carton packs. The project has incurred capital outlay totaling approximately USD 9,059 million (Rs. 9,059 million) as of March 31, 2026.
• Mexico: A new woven polypropylene (WPP) bags manufacturing unit is being established with an annual capacity of 80 million bags.
• India Recycling: Two recycling units are being set up at Sector 155, Noida, with combined capacities to produce 36,000 MTPA of recycled PET chips (from post-consumer recycled bottles) and 3,600 MTPA of recycled granules (from PCR mixed plastic waste).
• Dharwad, India: A new BOPP film manufacturing line with a capacity of 54,000 MTPA is under development.

Product Innovation & Sustainability Focus​

Uflex remains focused on enhancing its product offerings and promoting sustainability.

Advanced Chemicals:
The company developed TMPTA (Trimethylolpropane Tri acrylate) monomer, a low viscosity trifunctional monomer used as a crosslinking agent for UV, EB, and LED curable inks and coatings.

Innovative coatings and inks include:

• FLEXGREEN LMLO Gloss Coating (NY): A Nestlé and Swiss Compliant Low Migration and Low Odour (LMLO) coating designed for food-grade applications.
• FLEXCURE SCREEN GLOW-IN-DARK (GID) INKS: A phosphorescent screen printing ink that creates a bright glow for safety signage and novelty items.

High-Tech Packaging Solutions:
The company highlighted advanced films, including the F-TPM Metallized Polyester Film, which offers barrier properties suitable for dairy products, and F-WSP Easy Peel Polyester Film, a sustainable, water-based coating ideal for lidding in various food applications.

Laser Engraving and Security:
Uflex also showcased advanced capabilities in luxury and security markets, including:

• Laser Engraving: Specialized laser engraving was utilized to create patterns like the "Woven Starburst" and "Pebble Stone" on artificial and original leather, contributing to revenue growth.
• Holography: An advanced 'Dual Registered Hologram' technology was introduced, enhancing security packaging with unique dual registered stamping processes, proving effective in the bidi industry.

In terms of sustainability, Uflex processed 586 million PCR PET bottles and 10,237 metric tons of MLP waste during the first 12 months of FY26.

UFLEX Stock Price Movement​

On Friday, UFLEX Limited shares edged higher to close at ₹423.95, finishing up 3.44% for the session. The stock successfully held a trading range between ₹410.1 and ₹429, recording activity on a volume of 103,525 shares.