EPACK Durable sees Q2-FY26 revenue decline despite segment growth

EPACK Durable Limited reported its second-quarter and half-year financial results for FY26, with consolidated revenue reaching INR 2,133 Mn, a 43.4% decline quarter-on-quarter. EBITDA for the quarter stood at INR 5 Mn, representing a 94.8% decrease quarter-on-quarter, resulting in an EBITDA Margin of 0.23% and a Net Profit Margin of -10.41%. The company attributed the decline in operating revenue primarily to a 76% quarter-on-quarter fall in the Room Air Conditioner (RAC) Segment, affected by unseasonal rains and delays in GST cut implementation.

Despite the challenges in the RAC market, other segments demonstrated robust growth. The Small Domestic Appliances (SDA) Segment grew by 45% quarter-on-quarter, driven by strong order inflows for new and existing products, particularly air fryers. The Component Segment saw a 73% quarter-on-quarter increase, supported by a solid pipeline for PCBs, copper parts, and plastic molding components. The Large Domestic Appliances (LDA) Segment experienced a 466% year-on-year growth, expanding the customer base.

EPACK Durable secured business with four new customers in Q2, with supply expected to commence from Q4 FY26. Management expressed confidence in achieving full-year targets, citing strong business bookings and a healthy pipeline in the SDA and Components segments.