TCPL Packaging Q3 FY 2021-22 results

Good result and even better to come next year

Kanorial family TCPL Goa
The Kanoria family holding the auspicious test print at the inaugural of the new K&B Rapida multicolor packaging press at TCPL's Goa plant

TCPL Packaging’s third-quarter (October to December) results for FY 2021-22 show an increase in standalone net sales to Rs 269.21 crore. This represents an increase of 13.33% over the Q3 figures of  FY 2020021 which had net sales of Rs 237.63 crore. 

The net profit for Q3 FY 2021-22 is reported at Rs 14.05 core, an increase of 41.22% from Rs 9.95 crore in Q3 of the previous financial year 2020-21. The company’s EBITDA was Rs 43.11 crore in the current Q3 which is an increase of 11.66% from the Rs 38.61 crore EBITDA in Q3 of FY in December 2020. TCPL Packaging’s EPS has increased to Rs 15.44 in Q3 of FY 2021-22 from Rs 10.94 in Q3 of the previous financial year.

TCPL numbers for the first three quarters of FY 2021-22

TCPL Packaging which was earlier a monocarton manufacturer has in recent years diversified to flexible packaging and more recently to luxury cartons and a joint venture for paper cups. There have been significant expansions in the past two years and a new joint venture. We expect the full implications of these to become visible in financial year 2022-23. 

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The capacity for flexible film manufacturing in India increased by 45% over the past four years. With orders in place, we expect another 20% capacity addition in 2024 and 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels are grown similarly. As the consumption story returns over the next six months, we expect demand to return and exceed the growth trajectory of previous years. The numbers are positive for most of the economies in the region – and as shown by our analytics, our platform increasingly reaches and influences these.

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Editor of Indian Printer and Publisher since 1979 and Packaging South Asia since 2007. Trained as an offset printer and IBM 360 computer programmer. Active in the movement to implement Indian scripts for computer-aided typesetting. Worked as a consultant and trainer to the Indian print and newspaper industry. Visiting faculty of IDC at IIT Powai in the 1990s. Also founder of IPP Services, Training and Research and has worked as its principal industry researcher since 1999. Author of book: Miracle of Indian Democracy.


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