EPL Limited Q3 FY26: Revenue up 13%, CEO named

What EPL reported and why it matters

EPL Limited said on February 13, 2026 that it delivered higher consolidated revenue in Q3 FY26, even as consolidated profit declined year-on-year. The update is significant because it shows how the company’s operating scale across regions is expanding, while bottom-line movement can still be affected by costs and one-off items. Alongside the quarterly numbers, the Board also confirmed a key leadership decision, appointing Hemant Bakshi as Managing Director and Global CEO. The appointment is for five years, effective January 1, 2026, and is subject to shareholder approval.

For investors, the quarter presents two separate signals. First, revenue growth remained strong across regions in Q3 FY26. Second, consolidated profit softness suggests the need to track costs, exceptional items, and profitability trends in upcoming quarters. The standalone performance, however, stood out with a sharp jump in profit.

Consolidated Q3FY26: revenue growth, profit decline

On a consolidated basis, revenue from operations rose to ₹11,488 million in Q3 FY26 from ₹10,143 million in Q3 FY25, a growth of 13.3%. Net profit after tax (PAT) declined to ₹831 million from ₹941 million, down 11.7%. Basic EPS came in at ₹2.55 versus ₹2.93, while diluted EPS was ₹2.55 versus ₹2.92.

The company also reported EBITDA of ₹2,308 million in Q3 FY26, up from ₹2,062 million in Q3 FY25, as per the figures shared. Operating margin on a consolidated basis was reported at 20.01%, while net profit margin stood at 8.18%. These margins provide context for how much of the revenue growth translated into operating performance, and where the profit line ultimately settled for the quarter.

Standalone Q3FY26: profit surge despite lower scale

In the standalone results, revenue from operations increased to ₹3,468 million in Q3 FY26 from ₹3,190 million in Q3 FY25, up 8.7%. PAT jumped to ₹1,264 million from ₹441 million, a rise of 186.6%. Basic EPS increased to ₹3.95 from ₹1.38. Total income was reported at ₹4,418 million, up from ₹3,488 million, a growth of 26.7%.

Profitability ratios reported for the standalone business showed an operating margin of 17.02% and a net profit margin of 28.62%. The reported debt-equity ratio was 0.40 times and the current ratio was 1.01 times, compared with 0.28 times and 1.41 times respectively for consolidated financials.

Regional revenue performance in Q3FY26

EPL’s segment disclosures for Q3 FY26 showed growth across all four reported regions. AMESA revenue was ₹3,877 million versus ₹3,535 million in Q3 FY25, up 9.7%. EAP revenue was ₹2,951 million versus ₹2,500 million, up 18.0%. AMERICAS revenue was ₹3,229 million versus ₹2,713 million, up 19.0%. EUROPE revenue was ₹2,437 million versus ₹2,257 million, up 8.0%.

This spread indicates broad-based expansion rather than reliance on a single geography. For readers tracking packaging demand across consumer categories and markets, the EAP and AMERICAS growth rates were the highest in the quarter based on the numbers provided.

Exceptional items: labour codes and closure costs

EPL reported exceptional items totaling ₹120 million in the consolidated results. The company attributed this largely to a ₹53 million increase in gratuity liability linked to the implementation of new Labour Codes. It also included ₹67 million relating to factory unit closure costs in a subsidiary.

These items matter because they can temporarily change the profit profile for a quarter and can affect comparability with prior periods. The disclosure also signals compliance-led cost changes and ongoing restructuring actions at the subsidiary level.

Leadership transition: Hemant Bakshi appointed MD and Global CEO

The Board appointed Hemant Bakshi as Managing Director and Global CEO for five years, effective January 1, 2026, subject to shareholder approval. This formalises a leadership transition that had also been referenced in earlier updates, where Anand Kripalu was stated to be retiring as MD and Global CEO at the end of the year.

For governance watchers, the key detail is the start date and tenure, along with the fact that the appointment requires shareholder approval. Such transitions can be material for strategy execution, especially when the company is expanding capacity and pushing category mix shifts.

Q2FY26 context: growth, capex milestones, and dividend

In a separate set of financial highlights for Q2 FY26 shared in the provided text, EPL reported consolidated revenue of ₹12,059 million versus ₹10,862 million in Q2 FY25. EBITDA was ₹2,516 million, up 16.1% year-on-year, and PAT rose to ₹1,061 million from ₹883 million. EPS was reported at ₹3.26 versus ₹2.73.

The same Q2 update also stated that the new Thailand plant commenced operations in October, with commercial billing expected to start in Q3 FY26. EPL also said it received an EcoVadis Platinum Rating. An interim dividend of ₹2.50 per share was declared.

Key numbers at a glance

Market impact and what to track next

The reported Q3 numbers show that EPL’s revenue growth continued at a double-digit pace on a consolidated basis, with all regions reporting year-on-year increases. At the same time, the decline in consolidated PAT alongside exceptional items highlights the need to separate operating performance from one-time adjustments when reviewing quarterly trends.

Another factor for investors to monitor is the mix of performance between consolidated and standalone results, since standalone profit expanded sharply in Q3 FY26 as per the data shared. With Hemant Bakshi taking over as Managing Director and Global CEO from January 1, 2026, subsequent quarterly updates may offer clearer signals on operational priorities and how the company manages compliance costs and restructuring.

Conclusion

EPL’s Q3 FY26 update combined higher consolidated revenue with lower consolidated profit, while standalone profit rose sharply. The company also confirmed Hemant Bakshi’s appointment as Managing Director and Global CEO from January 1, 2026, subject to shareholder approval. Investors will likely watch for how exceptional items evolve, whether operating margins stay around the reported levels, and how regional momentum translates into consolidated profitability in the next reported quarters.