Consolidated Financial Results Q1 FY27

Income Statement Highlights

  • Revenues from Operations: ₹486.3 crore (vs. ₹418.3 crore in Q1 FY26, +16.3% YoY)
  • Other Operating Income: ₹6.6 crore (vs. ₹6.4 crore in Q1 FY26, +3.4% YoY)
  • Total Revenues: ₹493.0 crore (vs. ₹424.7 crore in Q1 FY26, +16.1% YoY)
  • Other Income: ₹2.0 crore (vs. ₹2.3 crore in Q1 FY26, -15.2% YoY)
  • Total Income: ₹494.9 crore (vs. ₹427.0 crore in Q1 FY26, +15.9% YoY)

Expenditure Breakdown

  • Raw Material expenses: ₹277.2 crore (vs. ₹236.6 crore in Q1 FY26, +17.2% YoY)
  • Employee benefits expense: ₹52.5 crore (vs. ₹45.8 crore in Q1 FY26, +14.5% YoY)
  • Other expenses: ₹77.4 crore (vs. ₹69.7 crore in Q1 FY26, +11.0% YoY)

Profitability Metrics

  • EBITDA (Incl. Other Income): ₹87.9 crore (vs. ₹74.9 crore in Q1 FY26, +17.3% YoY)
  • EBITDA Margin: 17.8% (vs. 17.5% in Q1 FY26, +21 bps)
  • Finance Costs: ₹12.3 crore (vs. ₹26.4 crore in Q1 FY26, -53.6% YoY) - Note: Q1 FY26 included ₹10.63 crore provision for forex fluctuations (MTM revaluation impact) on Euro-denominated term loans
  • Depreciation and Amortization: ₹22.9 crore (vs. ₹19.6 crore in Q1 FY26, +16.9% YoY)
  • PBT: ₹52.7 crore (vs. ₹28.8 crore in Q1 FY26, +82.6% YoY)
  • Tax expense: ₹12.7 crore (vs. ₹6.5 crore in Q1 FY26, +94.2% YoY)
  • PAT: ₹40.0 crore (vs. ₹22.3 crore in Q1 FY26, +79.2% YoY)
  • PAT Margin: 8.1% (vs. 5.3% in Q1 FY26, +286 bps)
  • Cash Profit: ₹75.6 crore (vs. ₹48.5 crore in Q1 FY26, +56.0% YoY)
  • EPS Diluted: ₹43.96 (vs. ₹24.52 in Q1 FY26, +79.3% YoY)

Standalone Financial Results Q1 FY27

  • Total Income: ₹479.7 crore (vs. ₹415.0 crore in Q1 FY26, +15.6% YoY)
  • EBITDA (Incl. Other Income): ₹84.0 crore (vs. ₹74.1 crore in Q1 FY26, +13.4% YoY)
  • EBITDA Margin: 17.6% (vs. 18.0% in Q1 FY26, -36 bps)
  • PAT: ₹37.6 crore (vs. ₹22.8 crore in Q1 FY26, +65.4% YoY)
  • PAT Margin: 7.9% (vs. 5.6% in Q1 FY26, +238 bps)
  • Cash Profit: ₹72.3 crore (vs. ₹48.3 crore in Q1 FY26, +49.8% YoY)
  • EPS Diluted: ₹41.35 (vs. ₹24.98 in Q1 FY26, +65.5% YoY)

Management Commentary

Mr. Saket Kanoria, Chairman & Managing Director, stated that FY2027 commenced on a strong note with broad-based and profitable growth. Revenue increased by 16% YoY, EBITDA grew by 17%, and cash profit increased by 56%, reflecting healthy domestic demand and improved operating performance. Both Folding Cartons and Flexible Packaging businesses performed exceptionally well, enabling market share gains.

Strategic Developments

Flexible Packaging Capacity Expansion

  • With existing facility operating at optimal utilization, TCPL is adding a new manufacturing line
  • Expansion will create headroom for growing requirements from existing customers and new business opportunities
  • Aims to increase share of value-added products

Entry into Lithium-Ion Battery Separator Films

  • Strategic entry into Advanced Chemistry Cell (ACC) battery materials value chain through a new subsidiary
  • Investment of approximately ₹125 crore to be deployed over next 18 months
  • Commercial production targeted for Q4 FY2028
  • Initial manufacturing capacity: 70 million sq. metres per annum (supporting 6-8 GWh of lithium-ion cell production annually)
  • Long-term expansion plans: ~500 million sq. metres per annum (supporting ~50 GWh) over next 5-7 years, subject to demand
  • Leverages Group's competencies in specialised films, polymer processing, and precision manufacturing

Climate Commitment

  • Carbon neutrality target for Scope 1 & Scope 2 emissions by 2040 (anchored to FY 2023-24 baseline)
  • Comprehensive energy audits conducted with deployment of advanced energy-saving technologies
  • Solar installations across facilities with installed capacity of ~4,516 kWp
  • Evaluating biomass & cleaner fuel alternatives and renewable procurement via open access mechanisms

Conference Call Details

  • Date: Wednesday, August 12, 2026
  • Time: 2:30 PM IST
  • Primary dial-in numbers: +91 22 6280 1141 / 7115 8042
  • Pre-registration required via provided link