Financial Performance (Consolidated)

Q2 FY27 Results:

  • Revenue from Operations: ₹655 Crore (9.0% YoY increase from ₹602 Cr in Q2 FY26)
  • EBITDA excluding Other Income: ₹142 Crore (4.9% YoY decrease from ₹150 Cr)
  • EBITDA Margin excluding OI: 21.7% (down from 24.9% in Q2 FY26)
  • EBITDA including Other Income: ₹143 Crore (7.0% YoY decrease from ₹154 Cr)
  • EBIT: ₹97 Crore (13.3% YoY decrease from ₹112 Cr)
  • EBIT Margin: 14.8% (down from 18.6% in Q2 FY26)
  • Profit Before Tax: ₹86 Crore (14.2% YoY decrease from ₹101 Cr)
  • Profit After Tax: ₹67 Crore (12.5% YoY decrease from ₹76 Cr)
  • PAT Margin: 10.1% (down from 12.6% in Q2 FY26)

Quarterly Comparison (QoQ):

  • Revenue decreased 16.5% from ₹785 Cr in Q1 FY27
  • EBITDA excluding OI decreased 18.7% from ₹175 Cr in Q1 FY27
  • PAT decreased 33.1% from ₹99 Cr in Q1 FY27

Half Yearly Performance (H1 FY27):

  • Revenue from Operations: ₹1,441 Crore (11.8% increase from ₹1,289 Cr in H1 FY26)
  • EBITDA excluding Other Income: ₹317 Crore (8.7% increase from ₹292 Cr)
  • EBITDA Margin excluding OI: 22.0% (slight decrease from 22.6%)
  • Profit After Tax: ₹166 Crore (0.6% increase from ₹165 Cr)
  • PAT Margin: 11.5% (down from 12.8%)

Packaging Products Segment Performance

Q2 FY27 Segment Results:

  • Revenue from Operations: ₹650 Crore (9.0% YoY increase from ₹596 Cr)
  • EBITDA excluding Other Income: ₹158 Crore (4.4% YoY decrease from ₹165 Cr)
  • EBITDA Margin excluding OI: 24.3% (down from 27.7%)
  • EBIT: ₹114 Crore (10.9% YoY decrease from ₹128 Cr)
  • EBIT Margin: 17.6% (down from 21.5%)
  • Segment ROCE (excluding OI): 19.5% (down from 21.1% in Q2 FY26)

Half Yearly Segment Performance:

  • Revenue: ₹1,430 Crore (11.9% increase from ₹1,278 Cr)
  • EBITDA excluding OI: ₹346 Crore (7.3% increase from ₹323 Cr)
  • EBITDA Margin: 24.2% (slight decrease from 25.3%)

Business Overview

AGI Greenpac Limited is described as "India's most profitable glass packaging leader" and an "integrated rigid packaging solutions manufacturer" with four business segments:

1. Glass Containers: Three state-of-the-art plants serving global and Indian brands across beverages, spirits, pharma and personal care

2. Security Caps & Closures: Automated facility addressing counterfeiting for premium brands

3. PET Bottles & Products: Full spectrum of PET bottles serving FMCG, personal care and other industries

4. NEW Aluminium Cans: New entry into aluminium can market leveraging synergies in alcohol and F&B segments

Manufacturing Capabilities

  • 7 Manufacturing Plants across India
  • Glass Capacity: 2,100 TPD (to be enhanced to 2,600 TPD by March 2027)
  • Caps & Closures Capacity: 1,154 million pieces per annum
  • Plastic Packaging Capacity: ~12,000 TPA across 3 plants

Glass Packaging Facilities:

  • Container glass facility: 800 TPD in Sanathnagar, Telangana
  • Container glass facility: 1,100 TPD in Bhongir, Telangana
  • Specialty glass facility: 200 TPD in Bhongir, Telangana

Growth Strategy and Expansion

The company is expanding glass capacity from 3 to 4 plants, increasing from 2,100 TPD to 2,600 TPD by March 2027. The presentation highlights a focus on premium segments including:

  • Premium Alcoholic Beverages
  • Cosmetics & Perfumery
  • Pharmaceutical packaging
  • Security Caps & Closures

Sustainability Initiatives

The company reported sustainability metrics for FY26:

  • ~50% cullet use in production
  • ~10% YoY increase in renewable energy consumption
  • ~7.6% YoY reduction in water consumption

Historical Performance Trends

Revenue CAGR: 16%

  • FY21: ₹1,260 Cr
  • FY22: ₹1,430 Cr
  • FY23: ₹2,281 Cr
  • FY24: ₹2,418 Cr
  • FY25: ₹2,529 Cr
  • FY26: ₹2,665 Cr

Packaging Products Profitability:

  • EBITDA CAGR: 21%
  • FY21: ₹286 Cr (23% margin)
  • FY22: ₹334 Cr (23% margin)
  • FY23: ₹499 Cr (22% margin)
  • FY24: ₹600 Cr (25% margin)
  • FY25: ₹716 Cr (28% margin)
  • FY26: ₹752 Cr (28% margin)

Governance and Risk Management

The presentation includes sections on ESG (Environmental & Social Governance) and Risk Management strategies covering four pillars: Financial, Compliance, Operations, and Sustainability.

Investor Relations Contact

  • Gavin Desa / Jenny Rose K from CDR India
  • Contact: gavin@cdr-india.com / jenny@cdr-india.com
  • Corporate Office: 301-302, III Floor, Park Centra, Sector 30, N.H-8, Gurugram, Haryana – 122001

Additional Information

The earnings presentation is available on the company website at www.agigreenpac.com.