Uflex reports flat revenue, declining EBITDA in Q2 FY26

Uflex Limited reported flat revenue year-over-year at Rs. 38,610 million in Q2 FY26, reflecting lower sales volumes and softer realizations in the BOPET packaging film segment. Normalized EBITDA for the quarter was Rs. 3,895 million, down 12.4% year-over-year, with a margin of 10.1%, impacted by GST transition and muted seasonal demand. Profit After Tax (PAT) for Q2 FY26 was Rs. 269 million, a significant improvement from a loss of Rs. 646 million in Q2 FY25.

Total sales volume reached 161,161 MT in Q2 FY26, a 3.7% year-over-year decline. Packaging films contributed 77.7% of the volume, while packaging accounted for 22.3%. Capex for the quarter totaled approximately Rs. 4,897 million, primarily allocated to aseptic packaging facilities in Egypt, a WPP bag manufacturing unit in Mexico, and recycling units in India.

The company is progressing with strategic capex investments, including a 12 billion pack per annum greenfield aseptic packaging plant in Egypt and an 80 million unit per annum WPP bags facility in Mexico, both expected to be commissioned in FY26. India's PET and flexible waste recycling plant in Noida, with an outlay of Rs. 3,171 million, is also on track for commissioning in FY26.