TCPL Packaging Limited announced its audited financial results for the quarter and year ended March 31, 2026, approved by the Board of Directors in a meeting held on May 28, 2026.

Financial Performance Highlights (Consolidated)

Q4 FY26 Performance:

  • Total Income: ₹465.2 crore, up 9.2% YoY from ₹426.0 crore in Q4 FY25
  • EBITDA (including Other Income): ₹80.8 crore, up 7% YoY from ₹75.7 crore
  • EBITDA Margin: 17.4%, down 42 bps from 17.8% in Q4 FY25
  • Profit Before Tax: ₹42.5 crore, up 7% YoY from ₹39.5 crore
  • Profit After Tax: ₹21.7 crore, down 43% YoY from ₹38.0 crore
  • Cash Profit: ₹60.8 crore, up 5% YoY from ₹57.9 crore
  • EPS: ₹23.9, down 43% YoY from ₹41.8

FY26 Annual Performance (Consolidated):

  • Total Income: ₹1,835.6 crore, up 3% YoY from ₹1,784.6 crore
  • EBITDA (including Other Income): ₹317.7 crore, up 3% YoY from ₹307.4 crore
  • EBITDA Margin: 17.3%, up 8.2 bps from 17.2%
  • Profit Before Tax: ₹155.1 crore, down 11% YoY from ₹173.7 crore
  • Profit After Tax: ₹97.8 crore, down 32% YoY from ₹143.0 crore
  • Cash Profit: ₹224.6 crore, down 10% YoY from ₹249.2 crore
  • EPS: ₹107.5, down 32% YoY from ₹157.2

Standalone Performance

Q4 FY26 Standalone:

  • Total Income: ₹448.1 crore, up 9% YoY from ₹411.7 crore
  • EBITDA (including Other Income): ₹78.7 crore, up 9% YoY from ₹72.5 crore
  • EBITDA Margin: 17.6%, down 6 bps from 17.6%
  • Profit Before Tax: ₹42.0 crore, up 12% YoY from ₹37.4 crore
  • Profit After Tax: ₹21.2 crore, down 40% YoY from ₹35.3 crore
  • Cash Profit: ₹59.3 crore, up 7% YoY from ₹55.1 crore
  • EPS: ₹23.3, down 40% YoY from ₹38.8

FY26 Annual Standalone:

  • Total Income: ₹1,763.4 crore, up 3% YoY from ₹1,711.8 crore
  • EBITDA (including Other Income): ₹310.9 crore, up 3% YoY from ₹301.8 crore
  • EBITDA Margin: 17.6%, down 0.2 bps from 17.6%
  • Profit Before Tax: ₹154.3 crore
  • Profit After Tax: ₹97.2 crore, down 31% YoY from ₹141.3 crore
  • Cash Profit: ₹220.4 crore, down 10% YoY from ₹245.4 crore
  • EPS: ₹106.8, down 31% YoY from ₹155.2

Dividend Declaration

The Board recommended a dividend of ₹25 per share for FY26, marking 26 consecutive years of uninterrupted dividend payouts.

Management Commentary

Mr. Saket Kanoria, Chairman & Managing Director, commented:

  • Domestic business showed continued strength with volume growth ahead of underlying consumer market growth in India
  • Geopolitical disruptions in the Middle East region impacted exports during the quarter
  • Margin performance reflected elevated raw material costs and timing lag in passing on cost inflation
  • Focus remains on calibrated pricing actions, product mix improvement, and operating efficiencies to support margin recovery
  • Flexible packaging business delivered strong performance with healthy capacity utilization across plants
  • Chennai Greenfield facility in paperboard segment continues to scale up with encouraging customer traction
  • Gravure cylinder facility at Silvassa has ramped up well, strengthening backward integration
  • Domestic demand conditions remain encouraging looking ahead
  • Company focuses on expanding footprint, broadening product portfolio, and pursuing new growth opportunities

Key Developments & Awards

Sustainability Achievements:

  • Awarded EcoVadis Bronze Medal in first sustainability assessment, placing TCPL among top 35% of companies assessed globally
  • Recognition reflects progress across environment, ethics, labour & human rights, and sustainable procurement practices
  • Long-term goals include achieving Net Zero for Scope 1 and 2 emissions by 2040 and targeting Silver rating in next assessment
  • Formally committed to United Nations Global Compact (UNGC) and its 10 Principles
  • Received UNGC Participation Certificate reflecting commitment to ethical conduct, accountability, and sustainability

FY26 Awards & Accolades:

  • Recognized by Marico Industries Ltd. for Industry Best Practices at Marico's 8th Supplier Quality Excellence Meet 2026
  • Won six honors at SIES SOP Star Awards 2026, including President's Award for Innovation & Sustainability
  • Honoured with Most Preferred Workplace Award 2025-2026 in Manufacturing Category by Team Marksmen in partnership with Times Now and Business Standard