1. Opening Hook
EPL’s Q2 concall felt like a farewell speech, a victory lap, and a sustainability award ceremony rolled into one.
The MD is retiring, margins are flexing above 20%, and Beauty & Cosmetics is behaving like the favourite child who never disappoints.
While most packaging companies argue with polymers and pricing, EPL is busy collecting EcoVadis Platinum badges and announcing dividends. Oral Care sulked a bit, Europe had a mood swing, but the Americas showed up like an over-caffeinated gym buddy.
Thailand plant? Built in 9 months.
Brazil? Still printing growth.
Margins? Fifth straight quarter above 20%.
Sounds too good? Keep reading — the real story is in what’s working, what’s temporarily broken, and what management really means when they say “sustained double-digit growth.” 😏
2. At a Glance
- Revenue up 11% – Double-digit growth, despite GST drama and Oral tantrums.
- EBITDA up 16.1% – Costs behaved, mix improved, ops team deserves chai.
- EBITDA margin at 20.9% – Fifth straight quarter above 20%, no one’s complaining.
- PAT up 19.9% – Bottom line finally keeping pace with confidence.
- ROCE at 18.7% – Marching toward the promised 25% land.
- Dividend ₹2.50 – Management saying “thank you” in cash.
3. Management’s Key Commentary
“We delivered double-digit revenue growth of 11%.”
(The PowerPoint dream is now a recurring reality 😏)
“EBITDA margin expanded to 20.9%.”
(Yes, we’re going to repeat this number until you believe it.)
“Beauty & Cosmetics grew 26.3% year-on-year.”
(The star performer, the golden child, the reason everyone smiles.)
“Americas delivered 27.4% growth.”
(Brazil didn’t just samba, it sprinted 💃)
“Europe was impacted by destocking from a large customer.”
(Not lost business, just temporarily misplaced.)
“Thailand plant completed in 9 months.”
(Startup speed, FMCG patience.)
“We are confident of delivering sustained double-digit growth.”
(Please
