TCPL Packaging Q1FY27: Revenue up 16% to ₹494.9 Cr, Enters Battery Separator Film Business
TCPL Packaging reported Q1 FY27 consolidated revenue of ₹494.9 crore, up 15.9% YoY. EBITDA rose 17.3% to ₹87.9 crore and Cash Profit surged 56.0% to ₹75.6 crore. The company is investing ₹125 crore to enter the lithium-ion battery separator film business, targeting Q4 FY2028 commercial production.
The strong financial performance in the core packaging business, coupled with the significant strategic diversification into the high-growth battery materials sector with a substantial investment, is expected to have a high impact on the company's future growth trajectory.
The company reported strong double-digit growth in revenue, EBITDA, and cash profit for Q1 FY27. The strategic entry into the battery materials business with a significant investment further adds to the positive outlook.
TCPL Packaging Limited announced its un-audited financial results for the first quarter ended June 30, 2026. The company reported a consolidated total income of ₹494.9 crore, a 15.9% increase year-on-year from ₹427.0 crore in Q1 FY26. Consolidated EBITDA stood at ₹87.9 crore, with an EBITDA margin of 17.8%, showing an expansion of 21 basis points. Cash Profit After Tax (PAT) surged by 56.0% to ₹75.6 crore, while PAT itself grew by 79.2% to ₹40.0 crore.
On a standalone basis, total income was ₹476.8 crore, up 15.7% year-on-year. Standalone EBITDA was ₹84.0 crore, with margins at 17.6%. Standalone Cash Profit increased by 49.8% to ₹72.3 crore, and PAT rose by 65.4% to ₹37.6 crore.
The company highlighted strong growth in both its Folding Cartons and Flexible Packaging businesses, driven by healthy domestic demand and improved operating performance. To support this growth, TCPL is investing in an additional high-speed manufacturing line for its Flexible Packaging facility.
In a significant strategic move, TCPL Packaging announced its entry into the battery materials business through a subsidiary focused on manufacturing lithium-ion battery separator films. This venture involves an investment of approximately ₹125 crore over the next 18 months, with commercial production targeted for Q4 FY2028. The initial capacity will be 70 million sq. metres per annum, with plans to expand to 500 million sq. metres per annum within 5-7 years.
Mr. Saket Kanoria, Chairman & Managing Director, expressed confidence in the company's performance, noting the broad-based and profitable growth in Q1 FY2027. He also emphasized the strategic importance of the new battery materials business as an attractive long-term opportunity in a rapidly growing sector.
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