**Business Performance:** TCPL Packaging's Q4 FY26 consolidated total income rose 9.2% YoY to Rs. 465.2 Cr, driven by strong domestic demand, despite export headwinds.

Full-year FY26 revenues reached Rs. 1,836 Cr.

Q4 EBITDA grew 6.6% YoY to Rs. 80.8 Cr (17.4% margin), though raw material costs impacted margins.

Q4 PAT declined to Rs. 21.7 Cr mainly due to higher tax expense. **Growth Drivers & Strategy:** The company prioritizes margin recovery through pricing actions, product mix, and operational efficiencies.

Key strategies include scaling up the Chennai paperboard facility, boosting efficiency via the Silvassa gravure cylinder unit, expanding global presence, and a firm commitment to sustainability, aiming for Carbon Neutrality by 2040. **Recent Developments:** TCPL earned an EcoVadis Bronze Medal for sustainability and formally joined the UN Global Compact.

It also received multiple awards, including for innovation/sustainability and as a "Most Preferred Workplace." The Board has proposed a dividend of Rs. 25 per share for FY26. **Management Outlook:** Management sees encouraging domestic demand and plans long-term growth via footprint expansion, product innovation, and judicious capital allocation.