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
