AGI Greenpac Ltd, incorporated in 1960, is a leading manufacturer of packaging products, including container glass bottles, PET bottles, and security caps and closures. The company operates under its core Packaging Products segment, catering to domestic and international markets across industries such as food & beverage, pharmaceuticals, and personal care.
Q2 FY26 Earnings Summary
Consolidated revenue stood at ₹602 crore, marking a modest 0.5% increase year on year from ₹599 crore.
Total expenses fell 1.75% to ₹506 crore from ₹515 crore in the same quarter last year, driven by improved operational efficiency.
Consolidated Net Profit rose 5.56% to ₹76 crore compared to ₹72 crore in Q2 FY25.
Earnings Per Share (EPS) stood at ₹11.77, up 5.66% year on year from ₹11.14.
EBITDA for the quarter stood at ₹154 crore with a margin of 25.6%, reflecting consistent cost management despite subdued topline growth.
Operational and Business Highlights
The packaging products segment, AGI Greenpac’s largest business vertical, contributed ₹596 crore in revenue, signaling steady demand from beverage and FMCG sectors.
The company received a ₹20.49 crore insurance claim related to production disruptions at its Hyderabad facility, offsetting margin pressures from higher energy and input material costs.
Production remained stable, with improved furnace utilization following repairs, while efficiency initiatives at its PET and closure divisions strengthened profitability.
AGI Greenpac’s glass packaging business continued to expand its presence in premium spirits and export markets.
Financial Position and Outlook
AGI Greenpac’s total assets stood at ₹3,363 crore, with shareholders’ equity at ₹2,217 crore as of September 2025.
The company has significantly reduced its non-current borrowings to ₹137 crore from ₹377 crore in March 2025, highlighting its deleveraging progress.
Management remains focused on maintaining margin stability through cost efficiency, capacity optimization, and innovation-led product diversification.
Despite near-term challenges from energy cost volatility and market softness, AGI Greenpac’s diversified portfolio and prudent fiscal management provide a strong foundation for sustained growth through FY26 and beyond.
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