Revenue from Operations: ₹785 crore, up 14.2% year-over-year (YoY) from ₹688 crore in Q1 FY26 and up 5.8% quarter-over-quarter (QoQ) from ₹742 crore in Q4 FY26.
EBITDA excluding other income: ₹175 crore (22.3% margin), up 23.1% YoY from ₹142 crore (20.7% margin) and up 14.3% QoQ from ₹153 crore (20.6% margin).
EBITDA including other income: ₹184 crore (23.4% margin), up 4.7% YoY from ₹176 crore (25.5% margin) and down 10.9% QoQ from ₹206 crore (27.8% margin).
EBIT: ₹139 crore (17.7% margin), up 3.2% YoY from ₹135 crore (19.6% margin) and down 14.1% QoQ from ₹162 crore (21.8% margin).
Profit Before Tax: ₹129 crore (16.5% margin), up 9.7% YoY from ₹118 crore (17.1% margin) and down 15.3% QoQ from ₹153 crore (20.6% margin).
Profit After Tax: ₹99 crore (12.7% margin), up 11.8% YoY from ₹89 crore (12.9% margin) and down 13.9% QoQ from ₹115 crore (15.5% margin).
Packaging Products Segment Financials
Revenue from Operations: ₹780 crore, up 14.3% YoY from ₹682 crore in Q1 FY26 and up 5.8% QoQ from ₹737 crore in Q4 FY26.
EBITDA excluding other income: ₹189 crore (24.2% margin), up 19.5% YoY from ₹158 crore (23.1% margin) and up 6.7% QoQ from ₹177 crore (24.0% margin).
EBITDA including other income: ₹192 crore (24.7% margin), up 1% YoY from ₹190 crore (27.9% margin) and down 15.4% QoQ from ₹228 crore (30.9% margin).
EBIT: ₹150 crore (19.3% margin), down 0.7% YoY from ₹151 crore (22.2% margin) and down 19.4% QoQ from ₹186 crore (25.3% margin).
Segment Return on Capital Employed (ROCE) excluding other income: 25.7% for Q1 FY27, compared to 20.5% in Q1 FY26 and 24.7% in Q4 FY26. Capital employed is defined as total assets minus current liabilities (excluding short-term debt and current maturities of long-term debt) minus capital work-in-progress.
Business Overview and Strategic Updates
AGI Greenpac is described as India's most profitable glass packaging leader and an integrated rigid packaging solutions manufacturer.
Existing businesses include Glass Containers, Security Caps & Closures, PET Bottles & Products, with a new foray into Aluminium Cans.
The company has a growth journey spanning four decades, with a mission to provide innovative and eco-friendly glass packaging solutions, a vision to be the most preferred rigid packaging company, and values guided by integrity, passion, customer focus, employee centricity, innovation, and respect.
Current glass capacity is 2,100 tonnes per day (TPD), to be enhanced to 2,600 TPD by March 2027.
Products serve diverse needs including beverages, spirits, pharma, personal care, with over 500 diversified institutional clients.
Competitive advantages include market tailwinds from premiumization, innovation, population growth, sustainability focus, and high barriers to entry.
Strategic focus on value-added products: Premium Alcoholic Beverages, Cosmetics & Perfumery, Pharmaceutical, and Security Caps & Closures, which contributed to revenue in FY26.
The company emphasizes sustainability with over 40% cullet use, 10% energy reduction per ton over five years, and 20% water recycling.
Management Commentary
Mr. Sandip Somany, Chairman & Managing Director, commented that Q1 FY27 performance reflects the strength of the core business, driven by improved product mix, operational efficiencies, and sustained demand across alcobev, food & beverage, and specialty glass categories.
Regional escalations in West Asia pressured energy and raw material costs, temporarily weighing on margins, but the impact was cushioned by proactive cost-optimization measures.
Margin performance is expected to strengthen in coming quarters as input cost volatility eases and efficiency programs take full effect.
Governance and Additional Information
The presentation includes sections on Environmental & Social Governance (ESG) and Risk Management Strategies, with pillars covering Financial, Compliance, Operations, and Sustainability.
The Board of Directors is 56% independent, with appointments effective from 1st July 2026 and 28th April 2026, and Mr. Girdhari Lal Sultania resigned as Non-Executive Non-Independent Director effective 28th April 2026.
The leadership team is listed but not detailed in this document.
The financial results presentation is available on the company's website at www.agigreenpac.com.
