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:

1. 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.

2. 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.

3. 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.

4. Interim Dividend: The company announced an interim dividend of INR 2.50 per share.

Regional Performance

Future Outlook

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

1. Accelerating growth in the Beauty & Cosmetics category
2. Scaling new growth engines, including the Thailand plant and Brazil operations
3. Leveraging sustainability as a growth enabler
4. 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.

EPL Limited has successfully completed the formation of its Employee Stock Option Scheme 2025 (ESOS 2025) trust structure following shareholder approval and has now submitted the required trust deed documentation to stock exchanges for regulatory compliance.

Trust Deed Submission and Regulatory Compliance

On December 21, 2025, EPL Limited submitted its ESOP Trust Deed to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 3(3) of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The trust deed was executed on December 19, 2025, and registered with the Joint Sub-Registrar, Mumbai-5 on December 20, 2025.

Trust Structure and Trustees

The EPL ESOP Trust has been constituted as an irrevocable private trust under the Indian Trusts Act, 1882, with a diverse trustee structure combining corporate and individual expertise:

Previous Shareholder Approval Results

The trust formation follows the overwhelming shareholder support received through postal ballot concluded on December 14, 2025:

ESOS 2025 Scheme Features

The approved scheme maintains its comprehensive structure for employee motivation and retention:

Trust Operations and Governance

The trust has been established with its principal office at Top Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai 400013. The trust structure enables the company to subscribe to fresh equity shares and transfer them to beneficiaries upon option exercise, while maintaining compliance with applicable regulations.

The completion of trust formation and regulatory submission represents a significant milestone in EPL Limited's talent retention strategy, providing a structured framework for employee stock option administration across the organization and its subsidiaries.