TCPL Packaging Reports Q3 FY26 Results; K K Kanoria Steps Down as Chairman
TCPL Packaging announced Q3 FY26 results showing revenue decline to Rs. 464.95 crore and net profit of Rs. 25.04 crore, alongside a major leadership transition with K K Kanoria stepping down as Chairman and Saket Kanoria taking over as Chairman & Managing Director.

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TCPL Packaging Limited has announced its Q3 FY26 financial results alongside significant leadership changes, marking a pivotal moment in the company's corporate governance. The packaging solutions provider reported mixed financial performance while transitioning to new leadership under Saket Kanoria's expanded role.
Q3 FY26 Financial Performance
The company's consolidated financial results for the quarter ended December 31, 2025 showed revenue from operations declining to Rs. 464.95 crore compared to Rs. 472.25 crore in the corresponding quarter of the previous year. Net profit after tax stood at Rs. 25.04 crore for Q3 FY26.
| Metric: | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | Rs. 464.95 crore | Rs. 472.25 crore | -1.5% |
| Total Income: | Rs. 473.79 crore | Rs. 491.65 crore | -3.6% |
| Net Profit: | Rs. 25.04 crore | Rs. 37.73 crore | -33.7% |
| Basic EPS: | Rs. 27.52 | Rs. 41.46 | -33.6% |
Nine Months Performance Overview
For the nine months ended December 31, 2025, TCPL Packaging demonstrated resilience with consolidated revenue from operations reaching Rs. 1,333.55 crore compared to Rs. 1,326.34 crore in the corresponding period of the previous year. The company reported net profit of Rs. 76.08 crore for the nine-month period.
| Parameter: | Nine Months FY26 | Nine Months FY25 | Growth |
|---|---|---|---|
| Revenue from Operations: | Rs. 1,333.55 crore | Rs. 1,326.34 crore | +0.5% |
| Net Profit: | Rs. 76.08 crore | Rs. 104.99 crore | -27.5% |
| Basic EPS: | Rs. 83.60 | Rs. 115.37 | -27.5% |
Major Leadership Transition
In a significant corporate development, K K Kanoria has stepped down from his role as Executive Chairman due to his advanced age, effective from the close of business hours on February 9, 2026. The Board of Directors has conferred upon him the honorary title of Chairman Emeritus in recognition of his exceptional contribution over several decades.
| Leadership Change: | Details |
|---|---|
| Outgoing Chairman: | K K Kanoria (DIN: 00023328) |
| New Chairman & MD: | Saket Kanoria (DIN: 00040801) |
| Effective Date: | February 10, 2026 |
| New Role for K K Kanoria: | Chairman Emeritus |
Operational Developments
The company's wholly owned subsidiary, Accura Technik Private Limited, has commenced commercial production at its manufacturing facility in Silvassa effective February 9, 2026. The state-of-the-art gravure cylinder manufacturing facility represents a significant milestone in the company's backward integration strategy with an installed capacity of 12,000 cylinders per annum.
Regulatory Compliance and Auditor Review
The financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 9, 2026. Singhi & Co., Chartered Accountants, conducted the limited review as required under Regulation 33 of SEBI Listing Regulations and issued an unmodified review report on these results.
Historical Stock Returns for TCPL Packaging
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.06% | +6.67% | +0.72% | -15.08% | -9.48% | +649.73% |


































