EPL Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Aug 2026 | Industrial Products | Market Cap: ₹7.4K Cr
EPL Limited aims for sustained double-digit revenue growth, as indicated over multiple quarters. EPL Limited expects **sustained double-digit revenue growth** driven by geographical expansion and organic growth in existing countries. - Growth in the **Beauty & Cosmetics** segment is a key engine, showing strong momentum and significant headroom for further expansion. - Thailand plant startup is seen as a new growth driver with low overhead costs and quick breakeven potential. - The company aims for **gradual improvement in EBITDA margins** and expects EBITDA to grow faster than revenue. - Margins in Europe, currently under pressure due to de-stocking by a major customer, are expected to recover to mid-teens levels. - Effective tax rate guidance remains stable at around **20-22%**. - Earnings per share (EPS) showed improvement last quarter (INR 3.26 vs.
From EPL Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹266
Market Cap
₹7.4K Cr
P/E Ratio
17.9
How does EPL Ltd rank in Industrial Products?
Compare EPL Ltd against every Industrial Products company this quarter on revenue, margins and earnings-call signals.
EPL Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.3K Cr, net profit ₹103 Cr.
Full financials →📊 Revenue & Sales Performance
- →EPL Limited aims for sustained double-digit revenue growth, as indicated over multiple quarters.
- →Strong momentum in Beauty & Cosmetics is a key driver, with substantial headroom for further expansion.
- →Americas region expected to continue delivering higher-than-global-average double-digit growth, supported by broad-based country contributions.
- →Emerging markets like Thailand, with its new plant operational from Q3, present new growth opportunities and potential capacity expansions underway.
- →Oral Care volumes are expected to recover, complementing the strong growth from Beauty & Cosmetics.
- →Investments in sales capabilities, particularly in Beauty & Cosmetics, suggest plans for expanding market reach and innovation-led growth.
- →Overall growth will be a blend of organic expansion, geographical diversification, and capital-efficient operations.
- →The company also remains optimistic about growth recovery in regions like Europe, which faced temporary challenges.
📈 Profitability & Margins
- →EPL Limited expects **sustained double-digit revenue growth** driven by geographical expansion and organic growth in existing countries.
- →Growth in the **Beauty & Cosmetics** segment is a key engine, showing strong momentum and significant headroom for further expansion.
- →Thailand plant startup is seen as a new growth driver with low overhead costs and quick breakeven potential.
- →The company aims for **gradual improvement in EBITDA margins** and expects EBITDA to grow faster than revenue.
- →Margins in Europe, currently under pressure due to de-stocking by a major customer, are expected to recover to mid-teens levels.
- →Effective tax rate guidance remains stable at around **20-22%**.
- →Earnings per share (EPS) showed improvement last quarter (INR 3.26 vs. INR 2.73), reflecting operational efficiency and profitable growth.
- →Overall, management is optimistic about **profitable double-digit growth** in earnings and returns.
🏗️ Capital Expenditure Plans
- →Thailand plant: Recently commissioned, built in just 9 months, currently operating with low overhead and limited indirect manning costs; plans for quick expansion with a modular setup to a second production line based on order pipeline.
- →Brazil plant: Already undergone one phase of expansion with production started from new line 3-4 months ago; no immediate new capex planned but proactive future investment based on volume growth expected.
- →Focus on capital efficiency and margin expansion initiatives continuing to improve ROCE, targeting 25%+ by FY '29.
- →No specific country-wise capex numbers disclosed due to complexity; overall capacity utilization between 60%-70%, with modular capacity additions to maintain optimal utilization.
- →Continuous investment in ramping up sales capability, especially in Beauty & Cosmetics, considered “good cost” that drives higher revenue and margins.
- →Strategic sourcing and partnerships being explored to mitigate US tariff impacts.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
- →The transcript does not explicitly mention the current or expected order book or pending orders for EPL Limited.
- →However, it indicates a strong business development pipeline, especially highlighted for the Thailand plant, with plans to expand capacity as orders build.
- →The management expresses confidence in growth opportunities, particularly in Beauty & Cosmetics and regions like Brazil and EAP, implying a robust and growing order pipeline.
- →No specific order book values or pending order quantities are disclosed in the provided transcript.
Key Metrics
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What EPL Ltd's management said in earlier quarters
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Frequently Asked Questions
What were EPL Ltd Q2 FY26 results?
EPL Limited aims for sustained double-digit revenue growth, as indicated over multiple quarters. EPL Limited expects **sustained double-digit revenue growth** driven by geographical expansion and organic growth in existing countries. - Growth in the **Beauty & Cosmetics** segment is a key engine, showing strong momentum and significant headroom for further expansion. - Thailand plant startup is seen as a new growth driver with low overhead costs and quick breakeven potential. - The company aims for **gradual improvement in EBITDA margins** and expects EBITDA to grow faster than revenue. - Margins in Europe, currently under pressure due to de-stocking by a major customer, are expected to recover to mid-teens levels. - Effective tax rate guidance remains stable at around **20-22%**. - Earnings per share (EPS) showed improvement last quarter (INR 3.26 vs.
What is EPL Ltd share price analysis?
EPL Ltd currently shows a neutral. The stock trades at a P/E of 17.9 with a market cap of ₹7,363 Cr. Investors should review the full earnings analysis for detailed insights.
Is EPL Ltd planning capital expenditure?
Thailand plant: Recently commissioned, built in just 9 months, currently operating with low overhead and limited indirect manning costs; plans for quick expansion with a modular setup to a second production line based on order pipeline.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.