EPL Limited, a global packaging solutions company, reported its financial results for the first quarter ended June 30, 2026, delivering its highest-ever top-line growth of 25.3 per cent despite external challenges and continued global market volatility.

The performance marked EPL’s fifth consecutive quarter of double-digit revenue growth, supported by broad-based growth across categories and geographies. Beauty & Cosmetics and Oral Care both grew by more than 20 per cent, while all regions recorded double-digit growth. Excluding the pass-through impact of higher raw material prices, underlying revenue growth stood at 20 per cent.

EBITDA increased by 15.2 per cent year-on-year, marking EPL’s 15th consecutive quarter of double-digit EBITDA growth. EBITDA margin stood at 18.8 per cent, while underlying EBITDA margin was 19.6 per cent. The company said it was able to pass on the entire cost increase through judicious pricing across all regions.

Profit after tax was in line with estimates and remains on track for double-digit growth for the full year. Q1 PAT declined by 1.4 per cent, while profit before tax increased by 10 per cent year-on-year. The difference was primarily due to the lower effective tax rate in the corresponding quarter last year, which is expected to normalise over the full year.

Hemant Bakshi, MD & Global CEO, EPL Limited, said, “Our outstanding Q1 performance, with revenue growth of 25.3 per cent, the highest we have ever delivered, reflects the strength of our strategy, the resilience of our business and our relentless focus on customers. What makes this performance particularly meaningful is that we delivered record top-line momentum across every geography and core category, even amid continued global headwinds and price volatility, while protecting our underlying margins. We stayed focused on delivering superior service to our customers while taking decisive pricing actions to fully recover the cost impact, protecting our margins and continuing to invest behind our strategic priorities. The strength and breadth of this performance give us confidence in the momentum ahead, enabling us to raise our full-year revenue growth outlook to the high-teens while maintaining our commitment to 20 per cent underlying EBITDA margins.”

All regions delivered double-digit revenue growth during the quarter. EAP grew 34.3 per cent, the Americas 29.4 per cent, Europe 20.2 per cent and AMESA 17 per cent. India recorded revenue growth of 19.9 per cent.

Beauty & Cosmetics and Oral Care maintained growth of 23.6 per cent and 23.9 per cent, respectively, year-on-year. Personal Care & Beyond accounted for 54 per cent of the total portfolio and grew 25.1 per cent year-on-year.

Sustainable tube formats contributed 44 per cent of total sales during the quarter, reflecting continued progress in customer adoption. EPL also achieved an EcoVadis Platinum rating, placing it among the top 1 per cent of companies globally for ESG performance. EPL is the only packaging company from India to achieve this recognition.

EPL was also recognised among India’s Best Companies to Work for 2026, ranking 70th. Its focus on innovation, sustainability and operational excellence was further recognised through several industry honours, including the ETMA Tube of the Year Award, FIPSA Awards for Responsible Packaging, and the IMC Ramkrishna Bajaj National Quality Award for Performance Excellence.

As part of its long-term vision to become a leader in consumer packaging in emerging markets, EPL announced a definitive agreement to merge with Indovida, creating a $1 billion revenue entity with a combined valuation of $2 billion, subject to necessary approvals.

During the quarter, EPL received approval from the Competition Commission of India and anti-trust approvals across eight countries. The merger remains on track for completion within the planned timeline and is expected to strengthen the combined entity’s scale, capabilities and opportunities for long-term growth.

Based on recent performance and the current environment, EPL has raised its revenue growth guidance to the high-teens for the next few quarters while maintaining its underlying EBITDA margin at 20 per cent.

The company remains focused on navigating the volatile environment, strengthening its market position, investing in strategic priorities and capturing future opportunities. This momentum is expected to be further strengthened as and when the merger with Indovida receives the necessary approvals and the synergies are fully realised.