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AGI Greenpac Ltd

Q2 FY26

AGI Greenpac Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹752

Market cap₹4.9K Cr

P/E13.2

Updated16 Oct 2026

Read5 min read

The short version

The company expects sales/revenue growth of around 8% to 10% annually for the next two years (FY'26 and FY'27). AGI Greenpac expects revenue growth of 8% to 10% annually for the next two years (FY'25-'26 and FY'26-'27), supported by capacity debottlenecking and new plants (e.g., Gwalior plant by March 2027).

From AGI Greenpac Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

The company expects sales/revenue growth of around 8% to 10% annually for the next two years (FY'26 and FY'27).
After these two years, significant growth is anticipated driven by new capacity expansions (e.g., Gwalior plant and Aluminum beverage CAN plant).
Post-expansion, the company projects an additional 25% volume increase, enabling consistent higher growth.
Capacity utilization for existing plants is already high (around 95%), supporting growth prospects through debottlenecking and expansions.
Specialty glass and Aluminum CAN segments will contribute to volume and revenue growth with improved realizations and premium product offerings.

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Profitability & Margins

AGI Greenpac expects revenue growth of 8% to 10% annually for the next two years (FY'25-'26 and FY'26-'27), supported by capacity debottlenecking and new plants (e.g., Gwalior plant by March 2027).
EBITDA margins are expected to improve by 1% to 2% over the next 24 months before new projects come online, driven by efficiency gains and premiumization.
Post-debottlenecking, container glass and specialty glass capacities will increase, with specialty glass EBITDA margin expected to expand by 4%-5% over 18 months.
The Aluminum beverage CAN plant is projected to break even at 60%-65% capacity utilization and contribute positively to earnings post-commissioning by Q3 FY'27-'28.

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Capital Expenditure Plans

Rs. 700 crores allocated for expansion of the container glass plant (North India Greenfield Glass Plant in Madhya Pradesh), adding 500 TPD capacity, expected operational by March 2027.
Around Rs. 850 crores planned for first phase of Aluminum Beverage CAN plant in Uttar Pradesh, with commercial production targeted by Q3 FY'27-'28.
Rs. 50 crores for debottlenecking exercise to increase throughput in container and specialty glass segments.
Additional Rs. 150 crores over the next rolling year for expansion in caps and closures business and minor debottlenecking.
Total planned CAPEX of Rs. 1,900 to Rs. 2,000 crores by March 2028.

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Fundraising & Capital Structure

The company plans to raise funds through a mix of internal accruals and long-term debt for ongoing and upcoming CAPEX projects.
There is an enabling resolution passed to raise equity through various instruments, with shareholder approval already sought.
Equity raising is planned within the next 12 months, with timing dependent on market conditions.
If equity issuance prices are not favorable, the company will continue projects on schedule by raising more debt.
Peak debt is expected to be around Rs. 1,000 to Rs. 1,200 crores in case there is no equity issuance.

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Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for AGI Greenpac Limited. However, relevant insights related to demand and capacity include: - The company is peaking capacity utilization at around 95%, indicating strong production demand. - Growth is anticipated with debottlenecking initiatives to increase container glass capacity from 1,850 TPD to 1,900 TPD and specialty glass from 154 TPD to 200 TPD by March 2026. - Demand outlook is stable with expected growth of 8%-10% per year over the next two years. - Specialty glass segment still has 30%-40% unlocking potential over the next 12-18 months.

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AGI Greenpac Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹742 Cr, net profit ₹116 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What AGI Greenpac's management said in earlier quarters

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Frequently Asked Questions

What were AGI Greenpac Ltd Q2 FY26 results?

The company expects sales/revenue growth of around 8% to 10% annually for the next two years (FY'26 and FY'27). AGI Greenpac expects revenue growth of 8% to 10% annually for the next two years (FY'25-'26 and FY'26-'27), supported by capacity debottlenecking and new plants (e.g., Gwalior plant by March 2027).

What is AGI Greenpac Ltd share price analysis?

AGI Greenpac Ltd currently shows a neutral. The stock trades at a P/E of 13.2 with a market cap of ₹4,866 Cr. Investors should review the full earnings analysis for detailed insights.

Is AGI Greenpac Ltd planning capital expenditure?

Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.