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TCPL Packaging Limited — Earnings Release 2026
May 28, 2026
62327_rns_2026-05-28_eb96d0cd-87f8-4ee7-b182-a516ae0d9e47.pdf
Earnings Release
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Empire Mills Complex
414, Senapati Bapat Marg,
Lower Parel
Mumbai 400013, India.
Tel : +91 22 61646000
Fax : +91 22 24935893
Email : [email protected]
Website : www.tcpl.in
CIN: L22210MH1987PLC044505
May 28, 2026
The Bombay Stock Exchange Ltd
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai 400 001
Security Code:-523301
The National Stock Exchange of India Ltd
Exchange Plaza, Plot No. C/1, G Block
Bandra Kurla Complex,
Bandra East, Mumbai 400 051
Trading Symbol:- TCPLPACK
Dear Sir(s),
Re:- Press Release on financial results of the Company for the quarter and year ended March 31, 2026
We wish to inform you that the Board of Directors of the company in their Meeting held today, inter-alia considered and approved the Audited Financial Results of the Company (Standalone and Consolidated) for the quarter and year ended March 31, 2026.
Attached is a press release on Q4 & FY 2026 financial results. We request you to take the press release in your records in the interest of general public at large.
Thanking You
For TCPL Packaging Limited
Harish Venkappa
Digitally signed by Harish Venkappa Anchan
Date: 2026.05.28 19:29:01
+05'30"
Compliance Officer
Encl. As above
TCPL
packaging limited
CIN: L22210MH1987PLC044505
Corporate office: Empire Mills Complex, 414, Senapati Bapat Marg, Lower Parel, Mumbai, Maharashtra 400013 India
PRESS RELEASE
TCPL announces Q4 & FY2026 Financial Results
Q4 FY26 (Consolidated)
Total Income stood at Rs. 465.2 crore, up 9.2%
EBITDA (Incl. Other Income) stood at Rs. 80.8 crore, margin at 17.4%
Cash PAT stood at Rs. 60.8 crore
The Board recommended a dividend of Rs. 25 per share for FY26
Mumbai, May 28, 2026: TCPL Packaging Limited (TCPL), one of India's leading producers of sustainable packaging solutions for customers across industries, has announced its financial results for the period ended March 31, 2026.
Financial Performance Highlights:
| Particulars (Rs. crore) | Consolidated | Standalone | ||||
|---|---|---|---|---|---|---|
| Q4FY26 | Q4FY25 | YoY % | Q4FY26 | Q4FY25 | YoY % | |
| Total Income | 465.2 | 426.0 | 9% | 448.1 | 411.7 | 9% |
| EBITDA (Incl. Other Income) | 80.8 | 75.7 | 7% | 78.7 | 72.5 | 9% |
| EBITDA Margin (%) | 17.4% | 17.8% | -42 bps | 17.6% | 17.6% | -6 bps |
| Profit Before Tax | 42.5 | 39.5 | 7% | 42.0 | 37.4 | 12% |
| Profit After Tax | 21.7 | 38.0 | -43% | 21.2 | 35.3 | -40% |
| Cash Profit | 60.8 | 57.9 | 5% | 59.3 | 55.1 | 7% |
| EPS (Rs.) | 23.9 | 41.8 | -43% | 23.3 | 38.8 | -40% |
| Particulars (Rs. crore) | Consolidated | Standalone | ||||
| --- | --- | --- | --- | --- | --- | --- |
| FY26 | FY25 | YoY % | FY26 | FY25 | YoY % | |
| Total Income | 1,835.6 | 1,784.6 | 3% | 1,763.4 | 1,711.8 | 3% |
| EBITDA (Incl. Other Income) | 317.7 | 307.4 | 3% | 310.9 | 301.8 | 3% |
| EBITDA Margin (%) | 17.3% | 17.2% | 8.2 bps | 17.6% | 17.6% | -0.2 bps |
| Profit Before Tax | 155.1 | 173.7 | -11% | 154.3 | 172.7 | -11% |
| Profit After Tax | 97.8 | 143.0 | -32% | 97.2 | 141.3 | -31% |
| Cash Profit | 224.6 | 249.2 | -10% | 220.4 | 245.4 | -10% |
| EPS (Rs.) | 107.5 | 157.2 | -32% | 106.8 | 155.2 | -31% |
TCPL
packaging limited
Commenting on the performance for Q4 & FY2026 Mr. Saket Kanoria, Chairman & Managing Director, TCPL Packaging Limited said:
"Our performance during the quarter was supported by continued strength in the domestic business, where volume growth remained ahead of underlying consumer market growth in India. This helped mitigate the effect of geopolitical disruptions in the Middle East region. While exports were impacted in the quarter, we continued to strengthen our presence across other international markets and deepen customer relationships globally. We expect these efforts to support improved export momentum in the coming year as market conditions normalise. Consolidated total income for Q4 FY26 stood at Rs. 465 crore, while FY26 revenues stood at Rs. 1,836 crore.
Margin performance during the quarter reflected elevated raw material costs and the timing lag in passing on cost inflation. We remain focused on calibrated pricing actions, product mix improvement, and operating efficiencies to support margin recovery over the coming quarters.
Our flexible packaging business delivered a strong performance during the year, with healthy capacity utilisation across plants and the last commissioned line operating at optimal levels. In the paperboard segment, the Chennai Greenfield facility continues to scale up well with encouraging customer traction. Additionally, the gravure cylinder facility at Silvassa has ramped up well, strengthening backward integration, enhancing operational efficiency, and supporting faster turnaround for customer requirements.
In line with our commitment to shareholder value, the Board has recommended a dividend of Rs. 25 per share for FY26, marking 26 consecutive years of uninterrupted payouts and underscoring our consistent dividend policy.
Looking ahead, domestic demand conditions remain encouraging. Our focus remains on expanding our footprint, broadening our product portfolio, and pursuing new growth opportunities across businesses. Our strong innovation and new product development capabilities enable us to deliver differentiated, value-added packaging solutions, while close customer collaboration helps us align these offerings with evolving market needs. Together with our strong balance sheet, prudent capital allocation, and sustained investments in capabilities, we believe we remain well-positioned to drive healthy long-term growth and create sustained value for all stakeholders."
Key Developments
TCPL Recognised with EcoVadis Bronze Medal in Debut Assessment
- Awarded the EcoVadis Bronze Medal in its first sustainability assessment, placing TCPL among the top 35% of companies assessed globally
- Recognition reflects progress across environment, ethics, labour & human rights, and sustainable procurement practices
- Building on this strong start, TCPL aims to drive continued sustainability progress, with long-term goals of achieving Net Zero for Scope 1 and 2 emissions by 2040 and targeting a Silver rating in its next assessment
TCPL
packaging limited
Strengthening ESG Commitment through UNGC participation
- TCPL formally committed to the United Nations Global Compact (UNGC) and its 10 Principles, reinforcing its alignment with globally recognised responsible business practices
- Recognition through the UNGC Participation Certificate reflects TCPL's commitment to ethical conduct, accountability, sustainability, and long-term value creation aligned with the UN Sustainable Development Goals (SDGs)
- Through this commitment, TCPL pledges to uphold human rights, support fair labour practices, protect the environment, and maintain zero tolerance towards corruption
Awards & Accolades Received in FY26
- Recognized by Marico Industries Ltd. for Industry Best Practices
- Awarded in the Industry Best Practices category at Marico's 8th Supplier Quality Excellence Meet 2026
- Recognition reflects TCPL's commitment to quality excellence, collaboration, and continuous improvement
- Won Six Honors at SIES SOP Star Awards 2026
- Secured six awards, including the President's Award for Innovation & Sustainability, at the SIES SOP Star Awards 2026
- The recognition reflects TCPL's commitment to advancing packaging innovation while delivering sustainable and consumer-focused solutions
- Honoured with the Most Preferred Workplace Award 2025-2026
- Recognised in the Manufacturing Category at the 4th Edition of the Most Preferred Workplace Awards, presented by Team Marksmen in partnership with Times Now and Business Standard
-
Recognition underscores TCPL's people-centric culture, employee engagement, leadership focus, and future-ready workplace practices
-
ENDS -
TCPL
packaging limited
About TCPL Packaging Limited
TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is one of India's leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard-based packaging solutions including folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. TCPL has also ventured into the flexible packaging industry, with the capability to produce laminates, sleeves, and wrap-around labels.
Headquartered in Mumbai, India, TCPL has a PAN India presence with 10 state-of-the-art manufacturing facilities and marketing offices in key metro cities. Over the years, the Company has effectively diversified and broadened its operations to service a wide range of packaging products, while consistently adding new customers and increasing its share of business in established customers and markets.
For further information on the Company, please visit www.tcpl.in or contact:
| Vivek Dave | Anoop Poojari / Jenny Rose Kunnappally |
|---|---|
| TCPL Packaging Limited | CDR, India |
| Tel: +91 70454 57686 | Tel: +91 98330 90434 / +91 86899 72124 |
| Email: [email protected] / [email protected] | Email: [email protected] |
| [email protected] |
DISCLAIMER:
Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited (TCPL) in the press release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in economic environment in India and overseas, tax laws, import duties, litigation, labour relations etc. Actual results might differ substantially from those expressed or implied. TCPL will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.