TCPL Packaging Limited — PPTs, 31-07-2025: Investor Presentation

**Financial Highlights:**

TCPL Packaging reported Q1 FY26 consolidated revenues of Rs. 424.7 Cr, a 4.7% YoY increase, despite softer domestic and international demand. EBITDA remained steady at Rs. 72.6 Cr, maintaining a 17.1% margin. However, net profit declined to Rs. 22.3 Cr (and cash profit to Rs. 48.5 Cr), significantly impacted by a Rs. 10.63 Cr forex revaluation loss on Euro-denominated loans.

**Strategic Initiatives & Growth Drivers:**

The company's strategic focus remains on diversification and expanding its geographical footprint. The new Chennai Greenfield plant is now operational and performing stably, set to ramp up within this fiscal year. This facility will boost sustainable paperboard packaging capabilities and scale operations in the Southern region, aligning with commitments to innovation and sustainability.

**Business Developments:**

Both paperboard and flexible packaging segments significantly contributed to the quarter's performance, highlighting the strength of TCPL's diversified portfolio. The successful operationalization of the Chennai plant marks a key recent development.

**Market Position & Competitive Advantage:**

TCPL leverages its PAN India presence with 9 manufacturing facilities and a diversified portfolio, enhancing its resilience against market headwinds. The company is a leading producer of sustainable packaging solutions, consistently adding new customers and expanding its market share.

**Investor Implications:**

The results underscore TCPL's strategic resilience and long-term growth potential, driven by diversification and key capacity additions like the Chennai plant. While near-term profitability was affected by the forex fluctuation, investors should eye the ramp-up of the new facility and continued market expansion as positive growth indicators.