Financial Performance for Q3 FY26 (July-September 2026)

Revenue: Net sales from products and services stood at ₹7,481 million, a 23.7% increase compared to ₹6,049 million in Q3 FY25.

Profitability:

  • EBITDA was ₹656 million (8.8% margin), up 1.2% from ₹649 million (10.7% margin) in Q3 FY25.
  • EBIT was ₹521 million (7.0% margin), nearly flat with a 0.1% increase from ₹521 million (8.6% margin) in Q3 FY25.
  • Profit Before Tax (PBT) was ₹394 million, a decrease of 19.8% from ₹492 million in Q3 FY25.
  • Profit After Tax (PAT) was ₹297 million, a decrease of 19.1% from ₹368 million in Q3 FY25.
  • Earnings Per Share (EPS) was ₹3.94, down 19.1% from ₹4.87 in Q3 FY25.

Excluding Exceptional Item:

  • PBT* (excluding exceptional item) was ₹490 million, a slight decrease of 0.3% from ₹492 million.
  • PAT was not explicitly stated, but EPS was ₹4.89, a 0.4% increase from ₹4.87.

Finance Cost: Increased by 6.0% to ₹31 million from ₹29 million in the year-ago quarter.

Financial Performance for 9M FY26 (Nine Months Ended September 2026)

Revenue: Net sales were ₹20,704 million, a 15.7% increase from ₹17,899 million in 9M FY25.

Profitability:

  • EBITDA was ₹2,042 million (9.9% margin), up 24.6% from ₹1,639 million (9.16% margin).
  • EBIT was ₹1,528 million (7.4% margin), up 22.0% from ₹1,253 million (7.0% margin).
  • Profit Before Tax (PBT) was ₹1,333 million, an increase of 13.6% from ₹1,173 million.
  • Profit After Tax (PAT) was ₹991 million, an increase of 12.8% from ₹879 million.
  • Earnings Per Share (EPS) was ₹13.12, up 12.8% from ₹11.63.

Excluding Exceptional Item:

  • PBT* (excluding exceptional item) was ₹1,429 million, up 22.8% from ₹1,163 million.
  • EPS* was ₹14.07, up 21.9% from ₹11.54.

Exceptional Item and Adjustments

A restructuring cost of ₹96 million was recognized as an exceptional item in Q3 and 9M FY26. This was part of the PS Labels footprint optimization initiative.

The 9M FY26 figures include a non-recurring prior year depreciation adjustment of ₹88 million, which was partly offset by a deferred tax benefit of ₹22 million.

Operational and Strategic Highlights

Safety: The company achieved Zero Total Recordable Incidents (TRI) in Q3 FY26 and continues to focus on improving its 12-month rolling TRIR through leading indicators like near-miss reporting.

Market Environment: The company successfully managed geopolitical disruptions to ensure an uninterrupted supply of materials and products. Revenue growth was driven by a healthy mix of volume growth and pricing actions that offset raw material inflation.

Sustainability and Innovation:

  • The Khopoli solar captive generation commenced in August 2026, increasing the renewable electricity share to 22% in Q3.
  • A decarbonization roadmap was finalized to support 2030 Scope 1 & 2 emission reduction commitments.
  • Multiple plants maintain Zero Liquid Discharge (ZLD), and initiatives like MVR technology and rainwater harvesting are strengthened.
  • The company won 3 IFCA STAR awards for innovations in recyclable packaging: blueloop OmniLock Smart PE, blueLite laminate, and Metallic Premium Tactile & Texture Label.
  • Three label plants and the Khopoli facility are FSC-certified.

Management

Kamal Taneja, Managing Director, and Amit Gupta, Chief Financial Officer, presented the results.

The document was signed by Akanksha Kandoi, Company Secretary & Compliance Officer, on October 30, 2026.