Uflex

Uflex reported Q3 FY26 revenue of ₹3,633 croreCurrent reported value: ₹3,633 crore. No comparable prior figure is available in the source record., down 3.8% YoY due to volume softness and pricing pressure from US tariff uncertainty and GST transition. EBITDA rose 9.7% to ₹460 croreCurrent reported value: ₹460 crore. No comparable prior figure is available in the source record., with margin expanding 180bps QoQ to 12.7%Current reported value: 12.7%. No comparable prior figure is available in the source record., driven by cost optimization and product mix improvement. Aseptic packaging volumes grew 2.3% YoY to 1.8 billion packsCurrent 1.8 billion packs. Reported change: +2.3% YoY., with FY26 guidance of ~8.5 billion packs. Management expects Q4 to benefit from seasonal demand and easing trade headwinds. Three major projects (Egypt aseptic, India recycling, Mexico woven bags) are near commissioning, targeting incremental revenue of ₹2,000-2,500 crore at ~20% margins. Key risk: elevated debt levels (net debt ~₹8,000 crore) may pressure leverage despite EBITDA improvement.