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. 

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

It is the right time to support our high-impact reporting and authoritative and technical information with some of the best correspondents in the industry. Readers can power Packaging South Asia’s balanced industry journalism and help sustain us by subscribing.

– Naresh Khanna

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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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