AGI Greenpac net profit increases 41% in Q1 FY26

AGI Greenpac Ltd., India’s largest glass container manufacturer, reported a robust 41 percent year-on-year rise in net profit to ₹89 crore for the quarter ended June 30, 2025 (Q1 FY26), up from ₹63 crore in the same period last year.

Total income surged 25 percent YoY to ₹721 crore, while EBITDA grew 20 percent to ₹176 crore, driven by operational efficiencies and a strategic shift to higher-margin segments like cosmetics, perfumery, and alcohol packaging.

The company also announced a strategic expansion into aluminium cans, supported by a ₹1,000 crore investment in a new plant in Uttar Pradesh. With production expected to begin by Q3 FY28, the facility aims to scale from 950 million to 1.6 billion cans annually by FY30.

AGI’s greenfield glass manufacturing plant in Madhya Pradesh, announced earlier this year, remains on track with a ₹700 crore investment. Slated to be operational by March 2027, it will raise daily capacity from 2,100 to 2,600 tonnes.

Chairman and Managing Director Sandip Somany said, “Q1 FY26 has laid a strong foundation. Our entry into aluminium cans aligns with our vision of becoming a holistic packaging solutions provider, leveraging synergies across alcohol and F&B industries.”