AGI Greenpac reports 41% rise in Q1 FY26

AGI’s entry into the aluminum cans segment complements the company’s existing packaging solutions. This move is a result of the company’s relationships with customers, enabling it to offer a comprehensive range of packaging products.

For the new manufacturing plant in Uttar Pradesh, AGI is investing approximately ₹1,000-crore in two phases. This facility is expected to be operational by Q3 FY28 and will have an initial
annual production capacity of 950-million, which will be expanded to 1.6-billion aluminum cans
by FY 2030.

For context: The total income increased 25% Y-o-Y to ₹721-crore, up from ₹577-crore in Q1 FY25. EBITDA for Q1 FY26 stood at ₹176-crore, marking a 20% increase from ₹147-crore in Q1 FY25.

A pivotal factor in improving profitability has been the successful upgrade of the product mix, now including premium, higher-margin segments such as cosmetics, perfumery, and alcohol.

AGI’s focus on improving operational efficiencies has been a significant contributor to the company’s results. The company’s commitment to delivering packaging solutions to its customers has strengthened its market position and cultivated deeper client relationships.

This new venture complements AGI’s expansion strategy, which includes the greenfield plant in Madhya Pradesh announced in March. With an investment ₹700-crore, this new facility will boost the company’s glass manufacturing capabilities, increasing daily capacity from 2,100 tonnes to 2,600 tonnes.

Expected to be operational by March 2027, this plant will enhance AGI’s sales and profitability. Sandip Somany, chairman and managing director, AGI Greenpac said, “We solidified our financial position and achieved efficiencies throughout our operations. As we progress, our focus remains sharp on executing with agility, strengthening our strategic relationships, and consistently delivering sustainable value to all our stakeholders.”

Somany further said, “We are strategically entering the aluminum cans segment with the clear goal of becoming a top player in this market within a decade, solidifying AGI Greenpac as a truly comprehensive packaging solutions provider. This new venture offers strong synergies with our existing glass packaging business. Both categories serve the alcohol and F&B industries, allowing for leveraging existing customer relationships, distribution networks, and supply chain efficiencies. We are excited about the future, knowing that our success is tied to the purposeful investments we are making in the innovative solutions that will directly fuel our next stage of growth.”