AGI Greenpac reports strong H1 FY26 performance, drives expansion initiatives

AGI Greenpac Limited reported a 10.6% increase in revenue from operations for H1 FY26, reaching ₹1289 Cr, up from ₹1166 Cr in H1 FY25. Profit after tax also saw significant growth, rising 21.9% to ₹165 Cr in H1 FY26 compared to ₹135 Cr in H1 FY25, with margins improving from 11.6% to 12.8%. The company’s EBITDA (excluding other income) for H1 FY26 stood at ₹292 Cr, a 0.3% increase from H1 FY25, maintaining a margin of 22.6%. The company's net debt to EBITDA ratio for FY25 was 0.22 times.

Strategically, AGI Greenpac is pursuing several expansion projects, including a Greenfield 500 TPD Glass Plant in Madhya Pradesh, expected to boost capacity by 25% by March 2027. The company is also entering the high-growth aluminum beverage can market with a plant in Uttar Pradesh, targeting 950 million pieces annual capacity by Q3 FY28, expanding to 1.6 billion pieces by FY30. Additionally, the company is undertaking de-bottlenecking exercises to enhance its container glass facility and specialty glass facility, expected to be completed by March 2026.

Value-added products contribute approximately 23% to the company’s revenue, with a focus on cosmetics, perfumery, premium alcoholic beverages, pharmaceuticals, and security caps and closures. The company emphasizes its commitment to sustainability, evidenced by over 40% cullet use and a target of 10% energy reduction per ton over five years.