Q1 2027 Epack Durable Ltd Earnings Call Transcript

Aug 11, 2026 / 04:00 AM GMT

Release Date Price: ₹212.22 (-6.62%)

Transcript

Key Points

Positve

EPACK Durable Ltd (NSE:EPACK) achieved its highest-ever quarterly revenue of Rs 886 crore, a 34% year-on-year growth, driven by strong performance across its portfolio.
The company is successfully diversifying its revenue mix, with small and large domestic appliances growing 68% year-on-year, reducing dependence on the core room air conditioner business.
EPACK Durable Ltd (NSE:EPACK) expanded its customer base to 72 customers across 19 product categories, with new product launches and a pipeline of four more categories, enhancing revenue stability.
The partnership with Hisense is scaling well, contributing approximately Rs 65 crore in Q1 revenue from air conditioners, with plans to start front-load washing machine production by end of October.
Management is actively working to reverse PLI discounts passed to customers, aiming to normalize EBITDA margins by the end of FY27, which should improve profitability going forward.
Capacity utilization at the Sri City plant has improved significantly from less than 25% to nearly 50%, with overall plant utilization expected to exceed 60% for FY27, indicating better operating leverage.

Negative

EBITDA margin declined to 6.21% from 8.24% year-on-year, impacted by the absence of PLI income (Rs 13.31 crore accrued in Q1 FY26) and increased input costs, though on a like-to-like basis, margin improved only 15 basis points.
The company reported a net profit of only Rs 11.8 crore, reflecting margin pressure from commodity price increases and foreign exchange losses, which were not fully passed on to customers.
Q2 and Q3 historically remain loss-making quarters due to seasonality in the air conditioner business, and management expects it will take four to six quarters to fully mitigate this impact.
Finance costs increased by Rs 3-4 crore quarter-on-quarter due to higher working capital requirements, driven by inventory buildup for regulatory compliance (BIS/QCO) and seasonal demand.
The company faces ongoing challenges from regulatory changes, such as BIS and QCO amendments, which necessitate maintaining higher inventory levels, increasing working capital needs and costs.
Depreciation is expected to rise further with an additional Rs 60-70 crore of capex to be capitalized over the next nine months, potentially weighing on profitability in the near term.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

EPAC.NS - Epack Durable Ltd
Q1 2027 Epack Durable Ltd Earnings Call
Aug 12, 2026 / 04:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the EPAC Durables Limited Q1 FY27 Earnings Conference Call hosted by ICICI Securities Limited.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Manan Goel from ICICI Securities Limited.

Thank you and over to you sir.

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Unidentified_2 [2]
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