Q3 2026 TCPL Packaging Ltd Earnings Call Transcript
Key Points
- TCPL Packaging Ltd (BOM:523301) reported a strong improvement in profitability with EBITDA increasing by 15% year-on-year to INR81 crores.
- Margins expanded to 17.2%, reflecting an improvement of over 240 basis points, driven by better gross margins and tighter cost control.
- The company commissioned a gravure cylinder manufacturing facility at Silvassa, enhancing process control and reducing dependence on external sourcing.
- TCPL Packaging Ltd received the 'Most Preferred Workplace' award and secured 6 wins at the IFCA Star Awards 2025, highlighting its commitment to excellence.
- Domestic demand remains healthy and is expected to be a key driver of growth, supported by policy measures aimed at boosting consumption.
- Export volumes remain subdued amid continued softness in international markets, impacting overall growth.
- The company recognized an exceptional loss of INR11,57,00,000 related to the implementation of the revised labor code framework.
- The Chennai plant is currently operating at less than 50% utilization, though improvements are expected in the coming quarters.
- There is uncertainty regarding the impact of a sharp price hike in cigarettes on volume or realization in that portfolio.
- The export business is under pressure, with inquiries starting to come in but expected to take time to translate into business.
Ladies and gentlemen, good day, and welcome to TCPL Packaging Limited earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Jenny Rose from CDR India. Thank you, and over to you, ma'am.
Good afternoon, everyone, and thank you for joining us on TCPL Packaging's Q3 and 9M FY '26 Earnings Conference Call. We have with us today Akshay Kanoria, Executive Director; and Mr. Vivek Dave, GM Finance of the company.
sWe would like to begin the call with brief opening remarks from the management, following which we will have the forum open for an interactive question-and-answer session. Before we start, I would like to point out that some statements made in today's call may be forward-looking in nature, and a disclaimer to this effect has been included in the results presentation shared with you earlier.
I would now like to invite Mr. Akshay to make his opening remarks. Over to you, Akshay.
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