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EPL Limited Leadership Transition Concall Decoded: “From Tubes to Transitions—A Farewell Wrapped in Sustainability”


1. Opening Hook

When CEOs retire, they usually pen memoirs. Anand Kripalu, however, delivered one live—complete with sustainability stats, sentimental sign-offs, and a passing of the corporate baton smoother than an airless tube. As he prepares to step down, EPL (formerly Essel Propack) pulled off a call that was part investor briefing, part farewell ceremony, and part LinkedIn masterclass in leadership handovers.

Stick around—because the bromance between Anand and Hemant might just be the most seamless transition the packaging world has ever seen. 🎁


2. At a Glance

  • Leadership Change: Anand Kripalu retires as MD & Global CEO effective Dec 31 2025; Hemant Bakshi (ex-Unilever Indonesia CEO) steps in Jan 1 2026.
  • Strategic Continuity: Double-digit revenue growth and ROCE ↑ to 25% by FY 2029 still the holy grail.
  • Sustainability Glory: 38% recyclable volumes; EcoVadis Platinum—top 1% globally.
  • New Geographies: Brazil & Thailand plants go live—Kripalu’s parting gift.
  • Promoter Shuffle: Indorama 24.9% stake + Blackstone still “fully engaged” (read: exit TBD).

3. Management’s Key Commentary

Anand Kripalu: “Time has come for me to retire from active executive responsibilities.”
(Translation: The man’s earned his sabbatical—and possibly a beach in Goa.)

“Margins have expanded 500 bps over 12 quarters; Beauty & Personal Care > 50% of revenue.”
(Translation: Makeup > toothpaste, and profits are glowing.) 💄

“We’ve been awarded EcoVadis Platinum, top 1% globally.”
(Translation: Move over ESG PowerPoints, we’ve got actual metal.) 🏅

“Double-digit growth & ROCE > 25% by FY ’29 remains on track.”
(Translation: Ambitious targets survive even when the CEO doesn’t.)

“Blackstone is fully engaged.”
(Translation: Relax, no one’s cashing out—today.)

Hemant Bakshi: “It’s my first day, I’ve been in office four hours.”
(Translation: Smart man—already setting low expectations.) 😏

“Sustainability, global reach, and talent impressed me the most.”
(Translation: Diplomatic trifecta—won’t offend anyone, yet.)


4. Numbers & Ambitions Decoded

Source table
MetricFY ’25 BaseTarget / StatusOne-Line Analysis
Revenue GrowthMid-single digitsDouble-digit by FY ’29“Stretch goal”—consultant approved.
ROCE~18 %25 % by FY ’29CFO’s new Everest.
Recyclable Volumes38 %100
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