EPL: Business Overview & Financial Analysis
EPL is a global specialty packaging enterprise promoted by Blackstone Group, headquartered in Mumbai, Maharashtra. As the world's largest manufacturer of laminated plastic tubes, the enterprise designs, manufactures, and supplies specialty packaging solutions across oral care, beauty, personal care, pharmaceuticals, food, and industrial sectors across global markets.
Category Revenue Mix of EPL (FY2026)
- Personal Care & Beyond Category Share – 53.0% of Total Tube Revenue (Rs 2,524.40 crore)
- Oral Care Category Share – 47.0% of Total Tube Revenue (Rs 2,238.70 crore)
- Total Consolidated Revenue from Operations (FY2026) – Rs 4,763.10 crore (+13.0% YoY)
- Personal Care & Beyond Annual Growth Rate – +23.6% YoY growth
The Personal Care & Beyond segment serves as the main growth catalyst, expanding into beauty, cosmetics, pharma, and eye care categories. Oral care maintains steady cash generation, supplying major global oral care brand owners.
Geographic Revenue Breakdown of EPL (Q1 FY2027)
- AMESA (Africa, Middle East & South Asia) Share – 31.5% of Revenue (Rs 437.40 crore)
- Americas (North & South America) Share – 27.3% of Revenue (Rs 379.20 crore)
- EAP (East Asia Pacific) Share – 26.0% of Revenue (Rs 360.20 crore)
- Europe Region Share – 23.2% of Revenue (Rs 321.40 crore)
- Total Consolidated Revenue from Operations (Q1 FY2027) – Rs 1,387.90 crore (+25.3% YoY)
Geographic sales are balanced across major global regions, led by AMESA and the Americas. EAP and Americas recorded rapid quarterly revenue growth rates of 34.3% and 29.1% year-on-year respectively.
Manufacturing Facilities & Global Operational Scale of EPL (FY2026)
- Total Global Operational Manufacturing Plants Base – 21 state-of-the-art manufacturing units
- Geographic Plant Distribution – 9 plants in AMESA/India, 5 in Americas, 4 in Europe, 3 in EAP
- Global Workforce Scale – 3,500+ employees across international operations
- Annual Laminated Tube Production Scale – 8.0+ billion tubes per annum
- Sustainable Tube Portfolio Share – Platina & recycled tubes commercialized globally
Operating 21 automated manufacturing plants across 11 countries enables localized supply chain integration for multinational clients. Production scale exceeds 8 billion laminated tubes annually, supporting global packaging delivery schedules.
Latest Quarterly Financial Performance of EPL (Q1 FY2027)
- Consolidated Revenue from Operations – Rs 1,387.90 crore (+25.3% YoY vs Rs 1,107.90 crore in Q1 FY2026)
- Underlying Revenue Growth Rate – +20.0% YoY (excluding raw material pass-through)
- Consolidated Operating EBITDA – Rs 261.20 crore (+15.2% YoY vs Rs 226.80 crore in Q1 FY2026)
- Consolidated Operating EBITDA Margin – 18.82% (Underlying EBITDA Margin: 19.60%)
- Profit Before Tax (PBT) – Rs 128.90 crore (+9.9% YoY)
- Consolidated Net Profit After Tax (PAT) – Rs 98.60 crore (-1.4% YoY)
First-quarter operating turnover expanded 25.3% year-on-year to Rs 1,387.90 crore, achieving double-digit top-line growth for the fifth consecutive quarter. Underlying EBITDA margins held firm at 19.60%, absorbing polymer cost volatility through raw material price pass-through mechanisms.
Consolidated Annual Financial Performance of EPL (FY2026)
- Full Year Consolidated Revenue from Operations – Rs 4,763.10 crore (+13.0% YoY vs Rs 4,213.30 crore in FY2025)
- Full Year Consolidated Operating EBITDA – Rs 972.40 crore (+15.8% YoY)
- Full Year Operating EBITDA Margin – 20.42% (+49 bps YoY)
- Consolidated Net Profit After Tax (PAT) – Rs 481.50 crore (+15.0% YoY)
- Return on Capital Employed (ROCE) – 19.00% (+96 bps YoY)
- Full Year Diluted Earnings Per Share (EPS) – Rs 13.03 per share (vs Rs 11.38 in FY2025)
Full-year operating turnover reached Rs 4,763.10 crore in FY2026, while Net Profit After Tax expanded 15.0% to Rs 481.50 crore. ROCE expanded to 19.00%, driven by operational efficiencies and product mix enrichment toward beauty and cosmetics.
Balance Sheet Structure & Financial Leverage Metrics of EPL (Q1 FY2027)
- Consolidated Net Debt Base – Rs 580.60 crore (as of June 30, 2026)
- Net Debt to LTM EBITDA Ratio – 0.52x to 0.54x corridor
- Return on Capital Employed (ROCE) – 18.50% (as of June 30, 2026)
- Total Shareholder Net Worth Base – ~Rs 2,350.00 crore
Financial leverage remains low with a net debt-to-EBITDA ratio of 0.52x as of June 30, 2026. Low gearing provides balance sheet capacity to fund ongoing technology investments and extrusion line setups.
Capital Expenditure & Capability Addition Pipeline of EPL (FY2027–FY2028)
- First-Quarter Capex Outlay Deployed (Q1 FY2027) – Rs 108.30 crore (vs Rs 85.70 crore in Q1 FY2026)
- Planned Annual Capex Outlay Guidance – Rs 350.00 to Rs 400.00 crore per annum
- Key Capability Investments – High-speed extrusion lines, 360-degree NeoSeam printing, and dual-chamber tube tooling
- Green Packaging Milestone – Scaling Platina 100% recyclable HDPE laminated tube dispatches
- Funding Method – 100% funded through internal operational cash accruals
Capital expenditure reached Rs 108.30 crore in Q1 FY2027 to install extrusion and printing lines. Investing in proprietary NeoSeam printing and Platina recyclable tubes supports long-term customer acquisition in the beauty sector.
Management Commentary & Strategic Outlook of EPL (Q1 FY2027 Concall)
- Management targets maintaining double-digit top-line revenue growth across full financial year FY2027.
- Consolidated operating EBITDA margins are guided to sustain around the ~20.0% normalized corridor.
- Personal Care & Beyond revenue contribution is targeted to cross 55.0% of total tube sales.
- Customer wallet share in beauty and cosmetics will be expanded through 80+ newly onboarded global accounts.
- Pass-through pricing mechanisms will be continuously applied to offset polymer input inflation stemming from Middle East trade disruptions.
- Capital allocation strategy will maintain Net Debt to EBITDA below 1.00x while funding capability-led capex.
Management anticipates sustained volume growth across beauty, cosmetics, and oral care to drive full-year top-line momentum. Operational focus centers on protecting operating margins near 20%, commercializing sustainable Platina tubes, and maintaining financial discipline.
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Sources & References
- EPL Q1 FY2027 Consolidated Financial Disclosures & Investor Presentation (August 11, 2026)
- EPL Q1 FY2027 Earnings Release & Press Notes (August 11/12, 2026)
- EPL Q4 FY2026 Earnings Presentation & Financial Filings (May 14, 2026)
- BSE Limited & National Stock Exchange of India (NSE) Corporate Filings for EPL
- Ticker Finology EPL Page
Disclaimer
The information presented above on EPL has been compiled from the company's Annual Reports, Investor Presentations, Earnings Call (Concall) Transcripts, official regulatory filings and the financial data available on Finology Ticker. Certain figures, classifications or comparisons may vary due to differences in accounting policies, reporting methodologies or subsequent restatements by the company. This content is intended solely for informational purposes and should not be considered as investment advice. Investors are advised to refer to the latest company filings and the updated financial data, ratios and disclosures available on this Finology Ticker EPL page before making any investment decision. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.