TCPL Packaging

TCPL Packaging reported Q3 FY26 consolidated revenue of ₹471 croreCurrent reported value: ₹471 crore. No comparable prior figure is available in the source record. with EBITDA of ₹81 croreCurrent reported value: ₹81 crore. No comparable prior figure is available in the source record., up 15% YoY, and margins expanding 240 bpsCurrent reported value: 240 bps. No comparable prior figure is available in the source record. to 17.2%Current reported value: 17.2%. No comparable prior figure is available in the source record.. Domestic volume grew low double-digitCurrent Low double-digit. Reported change: +10-12% YoY., offsetting subdued exports. Gross margin improvement to 42.7%Current 42.7%. Reported change: +270bps YoY. was driven by favorable product mix and cost control. PAT of ₹25Current reported value: 25. No comparable prior figure is available in the source record. crore included an exceptional loss of ₹11.6 crore from labor code implementation. The new gravure cylinder facility at Silvasa enhances backward integration. Management expects domestic demand to remain healthy and sees positive export tailwinds from recent trade deals with the US and EU, though recovery will take time. Key risk: cigarette tax hike may pressure domestic tobacco packaging volumes, though the portfolio is diversified.