Uflex reports strong Q4 FY26 performance and steady FY26 results

Uflex Limited reported a strong operational and financial performance in Q4 FY26 and a steady performance in FY26, supported by its integrated business model and global manufacturing footprint. Consolidated revenue for Q4 FY26 increased by 12.8% sequentially and 5.7% YoY to Rs 40,973 million. EBITDA jumped 36.3% QoQ and 31.8% YoY to Rs 6,265 million, with the margin expanding to 15.3%, the highest in the last 14 quarters. Normalized PAT for the quarter increased to Rs 2,026 million. For the full year FY26, consolidated revenue increased 2.1% to Rs 155,130 million, while EBITDA rose 8.1% to Rs 19,836 million, with the margin expanding by 70 basis points to 12.8%. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s normalized EBITDA for the period included a Rs 156 million adjustment for foreign currency fluctuations and derivative gains or losses. Consolidated sales volume during Q4 increased 10.3% sequentially to 166,879 MT, while for the full year, it grew 0.4% to 649,789 MT. The packaging business volume grew 5.1% to 151,755 MT in FY26, while packaging films volume declined 1% to 498,034 MT. The finance cost for the fiscal was approximately Rs 777 crore, and depreciation was Rs 787 crore.

Capital Expenditure and Projects

The company incurred a total capital expenditure of Rs 7,070 million during Q4 FY26. Major allocation was directed towards four key projects: the Aseptic packaging facility in Egypt, the WPP bag manufacturing unit in Mexico, the PET and MLP recycling unit in Noida, and a new BOPP packaging films line in Dharwad. The closing capital work in progress was Rs 2,169 crore.

Project	Location	Capacity/Details	Investment Status
Aseptic Packaging	Egypt	12 billion packs per annum	~USD 95.70 million incurred; remaining ~USD 30.30 million to be invested prior to commissioning in H1 FY27
WPP Bags	Mexico	80 million capacity	~USD 52 million incurred; plant undergoing stability testing
Recycling Unit	Noida, India	36,000 MTPA rPET chips, 3,600 MTPA MLP recycling	~₹2,700 million of ₹3,171 million incurred; balance ₹471 million prior to commissioning
BOPP Line	Dharwad, India	54,000 MTPA	~₹785 million of ₹7,154 million incurred; remaining ₹6,369 million to be incurred prior to FY2027–28 commissioning

Capacity Expansion

The company commissioned recycling facilities in Noida with a capacity to recycle nearly 40,000 MTPA of PET and Mixed Flexible Waste in early FY27. A brownfield expansion at the aseptic packaging facility in Sanand, Gujarat, increased capacity from 7 billion to 12 billion packs per annum during FY26. Uflex's total packaging film capacity stands at 636,160 MTPA as of March 31, 2026. The company expects to capitalize approximately Rs 1,900 crore to Rs 2,000 crore of capital work in progress during the current financial year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.81%	+2.61%	+5.85%	-10.00%	-29.55%	-10.40%

Uflex Limited reported a consolidated net profit of ₹3,171 million for the financial year ended March 31, 2026, a substantial increase of 123% from ₹1,423 million in the prior year. Revenue from operations for the year stood at ₹1,54,005 million, compared to ₹1,50,361 million in FY25. The board of directors recommended a dividend of ₹3 per equity share, representing 30% of the face value, subject to shareholder approval at the upcoming Annual General Meeting. In the standalone financial results, the company reported a net profit of ₹1,480 million for FY26, down from ₹2,145 million in the previous year.

The statutory auditors, Lodha & Co LLP and Vijay Sehgal & Co., issued an unmodified opinion on the audited financial results for both standalone and consolidated statements. The board approved the results during a meeting held on May 30, 2026.

Financial Performance

The company's consolidated financial performance for the quarter and year ended March 31, 2026, is outlined below:

Particulars	Quarter Ended 31.03.2026 (Audited) (₹ in million)	Year Ended 31.03.2026 (Audited) (₹ in million)
Revenue from operations	40,559	1,54,005
Total Income	40,973	1,55,130
Total Expenses	34,708	1,35,294
Net Profit after tax	1,960	3,171
Earnings Per Share (Basic)	27.15	43.91

On a year-on-year basis, the company's Q4 performance reflected a meaningful improvement across key metrics. The following table presents the Q4 YoY comparison based on latest data:

Metric	Q4 FY26	Q4 FY25 (YoY)
Consolidated Net Profit	₹1,960 million	₹1,686 million
Revenue	₹40,559 million	₹38,143 million
EBITDA	₹6,265 million	₹4,755 million
EBITDA Margin	15.3%	12.4%

Dividend and AGM Details

The Register of Members and Share Transfer Books will remain closed from June 27, 2026, to July 3, 2026, for the Annual General Meeting and dividend payment. The record date for determining shareholder eligibility is June 26, 2026. If declared, the dividend will be paid on or before August 27, 2026.

Event	Date
Record Date	June 26, 2026
Book Closure Start	June 27, 2026
Book Closure End	July 3, 2026
AGM Date	July 29, 2026
Dividend Payment	On or before August 27, 2026

Corporate Governance and Disclosures

The board approved the re-appointment of Mr. Paresh Nath Sharma as an Independent Director for a second term of five consecutive years, commencing February 11, 2027, subject to shareholder approval. The auditors' report included an emphasis of matter regarding income tax demands for Assessment Years 2020-21 to 2022-23, totaling ₹41,280.99 lakh, which are currently pending adjudication before the Income Tax Appellate Tribunal. The management believes it has a strong case based on the facts and expert opinion obtained.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE516A01017/a25e75d5d7114de4.pdf