TCPL Packaging Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TCPL Packaging reported Q2 FY26 consolidated revenue of INR 461 Cr (H1: INR 885 Cr), with EBITDA at INR 69 Cr (15% margin) and PAT at INR 29 Cr. Performance remained stable despite softer domestic demand post-GST recalibration and volatile export markets. Management noted Chennai plant's good ramp-up and positive traction. While exports were subdued in H1 due to a cyclical downturn and tariffs, management expects recovery, particularly with potential US trade deal. The company targets mid-double-digit top-line growth with margin improvement, driven by both carton and flexible packaging, and actively evaluates strategic initiatives for sustained long-term growth.