TCPL Inaugurates New Greenfield Facility in Chennai, Q3 FY25 PAT improved by 101%

TCPL Inaugurates New Greenfield Facility in Chennai, Q3 FY25 PAT improved by 101%

- During the quarter, we reported a 32% YoY increase in consolidated revenues, reaching Rs. 480 crore. EBITDA grew by 29%, while PAT improved by 101%.
The Pulp and Paper Times

TCPL Packaging (TCPL), one of India’s leading producers of sustainable packaging solutions for customers across industries, announced the inauguration of its new state-of-the-art Greenfield facility near Chennai. This strategic expansion strengthens TCPL’s pan-India presence and enhances its capabilities in high-quality packaging solutions.

Dedicated to paperboard carton production, the facility improves TCPL’s logistics and service capabilities, catering to the growing demand for sustainable packaging in Southern India. It marks a major milestone in the Company’s long-term growth strategy, enabling faster, more efficient deliveries while expanding its footprint in key industrial hubs.

Commenting on the development Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said: “The commissioning of our Chennai Greenfield facility marks a key milestone in our growth journey. This expansion augments our ability to serve customers in a high-potential market while supporting our long-term vision for scalability and industry leadership. The new plant will drive operational efficiency, improve service delivery, and further strengthen our position in the sustainable packaging industry.”

Citing India's economic position, he pointed out the vast opportunities in sectors like toys, electronics, and footwear, where the country lags behind competitors such as China and Vietnam. "For instance, India’s annual toy exports amount to only USD 200-million, compared to Vietnam’s USD 4-billion and China’s USD 85-billion. This highlights the considerable gap and opportunity that exists for India in this sector."

He elaborated on India's position in other industries, drawing comparisons highlighting the country's untapped potential. "India exports USD 25-billion worth of electronics products annually, whereas Vietnam exported USD 140-billion last year, and China exports around USD 900-billion in electronics. Looking at ready-made garments, India exports USD 15-billion each year, while Vietnam exports USD 35-billion and Bangladesh exports between USD 30-billion and USD 40-billion. China leads in this category with USD 115-billion in exports.

The facility is a testament to TCPL’s strategic investments in infrastructure and its continued focus on delivering high-quality, environmentally responsible packaging solutions to industries across India.

Commenting on the performance for Q3 & 9M FY2025 Mr. Kanoria, said: “We are pleased to announce yet another record quarter, reflecting our strong growth momentum and consistent performance. Growth was supported by both our key segments—paperboard and flexible packaging—driven by a favourable product mix, operational efficiencies, and a broadening customer base. Additionally, last year’s corresponding quarter was particularly weak, and we have bounced back strongly, resulting in significantly higher YoY growth. On a sequential basis, growth has remained healthy, showcasing sustained business progress. During the quarter, we reported a 32% YoY increase in consolidated revenues, reaching Rs. 480 crore. EBITDA grew by 29%, while PAT improved by 101%.

Our flexible packaging segment continues to perform exceptionally well in the domestic market, supported by resilient demand across key end-user industries. Meanwhile, our core paperboard packaging segment has delivered stable growth domestically, with stronger performance in overseas markets. This broad-based momentum, combined with our focus on operational efficiencies and product innovation, has enabled us to deliver healthy performance. With domestic trends expected to improve further in the coming quarters and steady growth drivers in place, we remain confident in maintaining our long-term growth trajectory.

With a continued focus on diversification and expanding our manufacturing footprint, we are well positioned to capitalize on emerging opportunities as the Indian packaging industry transitions towards organized, large-scale players. This evolution in the industry, combined with our strategic growth initiatives, reinforces our market position and strengthens our ability to drive sustainable growth and long-term value creation for all stakeholders.”
 

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