EPL Limited Reports Strong Q2 FY26 Results with 11% Revenue Growth and Leadership Transition

EPL Limited , a leading global specialty packaging company, has announced robust financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics. The company also revealed important leadership changes and strategic developments.

Financial Highlights

EPL Limited delivered impressive performance in Q2 FY26:

Revenue growth of 11% year-over-year
EBITDA growth of 16.1%, with margins expanding to 20.9%
PAT (Profit After Tax) growth of 19.9%
EPS (Earnings Per Share) improved to INR 3.26 from INR 2.73 in Q2 FY24

Key Performance Drivers

The company's strong results were driven by several factors:

Beauty & Cosmetics category showed exceptional growth of 26.3% year-on-year
Americas region led growth with a 27.4% revenue increase
East Asia Pacific (EAP) grew by 10.6%, supported by healthy growth in Oral Care and Beauty & Cosmetics segments
Europe recorded 2.8% growth, despite temporary softness from some large customers

Strategic Developments

EPL Limited highlighted several strategic initiatives and achievements:

Thailand Plant Operations: The company's new plant in Thailand commenced operations in October, completing construction in just 9 months. Commercial billing is expected to start in Q3 FY26.
Sustainability Recognition: EPL has been awarded the prestigious EcoVadis Platinum Rating, placing it in the top 1% of 150,000 companies assessed worldwide. It is the only packaging company from India to receive this global certification.
Leadership Transition: Anand Kripalu, the current Managing Director and Global CEO, will retire at the end of the year. Hemant Bakshi will take over as MD and Global CEO, effective January 1, 2026.
Interim Dividend: The company announced an interim dividend of INR 2.50 per share.

Regional Performance

Region	Growth Rate	Key Drivers
Americas	27.4%	Strong momentum and new customer wins
East Asia Pacific (EAP)	10.6%	Healthy growth in Oral Care and Beauty & Cosmetics segments
Europe	2.8%	Impacted by temporary softness from a few large customers
AMESA (Africa, Middle East, South Asia)	Flat	Inventory clearance in Oral Care segment following GST impact

Future Outlook

EPL Limited remains focused on delivering sustainable, profitable double-digit growth through:

Accelerating growth in the Beauty & Cosmetics category
Scaling new growth engines, including the Thailand plant and Brazil operations
Leveraging sustainability as a growth enabler
Continuing margin expansion and capital efficiency initiatives

The company aims to achieve a 25% plus ROCE (Return on Capital Employed) by FY29.

Management Commentary

Anand Kripalu, outgoing Managing Director and Global CEO, expressed confidence in the company's future, stating, "I'm confident that under Hemant's leadership, the company will continue to build on this foundation and achieve even greater heights in the years to come."

Hemant Bakshi, CEO Designate, shared his initial impressions, saying, "I'm really excited by what I'm seeing. There's a lot to be proud about in our past. But more than that, I'm inspired by what lies ahead for us as a business."

As EPL Limited continues to expand its global footprint and focus on innovation, particularly in the Beauty & Cosmetics segment, the company appears well-positioned for sustained growth in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.67%	-1.57%	+8.98%	-7.70%	-22.06%	-16.38%

EPL Limited has successfully secured shareholder approval for its Employee Stock Option Scheme 2025 (ESOS 2025) through a postal ballot process that concluded on December 14, 2025. The packaging industry leader received overwhelming support from shareholders for both resolutions related to the employee incentive scheme.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the company's human resource strategy:

Resolution	Votes in Favor	Votes Against	Approval Rate
ESOS 2025 Approval	2,09,40,196 shares	42,48,464 shares	83.13%
Subsidiary Employee Options	2,09,40,186 shares	42,48,474 shares	83.13%

Both special resolutions were passed with the requisite majority, with over 25.18 million shares participating in the voting process out of the total 32.01 million shares outstanding.

Key Features of ESOS 2025

The approved scheme includes significant provisions for employee motivation and retention:

Parameter	Details
Total Options	Up to 8,00,50,370 stock options
Eligible Participants	Employees of EPL Limited and subsidiaries
Vesting Period	1 to 7 years from grant date
Exercise Price	Market price with maximum 20% discount
Exercise Period	60 months from vesting date

Voting Process and Timeline

The postal ballot was conducted exclusively through electronic voting, in compliance with regulatory requirements:

Event	Date and Time
E-voting Commencement	November 15, 2025, 9:00 AM
E-voting Conclusion	December 14, 2025, 5:00 PM
Results Declaration	December 15, 2025

Mr. Mehul Pitroda, Practicing Company Secretary, served as the scrutinizer for the voting process, ensuring transparency and compliance with statutory requirements.

Strategic Impact

The approval of ESOS 2025 represents a strategic milestone for EPL Limited's talent management approach. The scheme is designed to align employee interests with shareholder value creation while enhancing retention of key personnel across the organization and its subsidiaries.

The strong shareholder support, with promoter and promoter group voting 100% in favor, reflects confidence in the company's growth strategy and commitment to building a motivated workforce in the competitive packaging industry.