Containers & Packaging company Uflex announced Q2FY26 results Sales volume: 161,161 MT for Q2FY26 (-5.5% QoQ, -3.7% YoY). Revenue: Rs 38,610 million for Q2FY26 (-1.6% QoQ, flat YoY). EBITDA: Rs 3,895 million for Q2FY26 (-17.1% QoQ, -12.4%YoY) +10.1% Margin (-190 bps QoQ, -140 bps YoY). PAT: Rs 269 million +0.7% Margin for Q2FY26 . Ashok Chaturvedi, Chairman & Managing Director, UFlex, said: “Q2FY26 was marked by tariff disruptions, GST transition, and a prolonged monsoon, which had an impact on operations. However, on a positive note, the tariff issues are likely to be settled soon, and GST rationalization will significantly boost consumption, which is positive for the industry, and will be a strong growth catalyst going forward. With the headwinds behind us, we strongly believe that the business is set for strong growth, and our ongoing capacity expansion programs will set the tone for positive momentum. During the period, we commissioned brownfield capacity expansion at our aseptic packaging plant in Sanand, increasing capacity from 7 billion to 12 billion packs per annum. This enhances our ability to meet the growing demand for aseptic packaging solutions in both domestic and international markets. The EPR rollout in India will accelerate the demand for more sustainable packaging solutions and presents an opportunity for us to collaborate more closely with FMCG brand owners to deliver innovative, high-quality, and ecofriendly packaging that reaches millions of households across India. Our strategic capex investments are nearing completion. A 12 billion pack per annum greenfield aseptic packaging plant in Egypt, an 80 million unit per annum WPP bags facility in Mexico, and close to 40,000 MTPA PET and flexible waste recycling plant in Noida are on track” Rajesh Bhatia, Group president & CFO, UFlex, said: "UFlex delivered robust earnings and steady revenue in H1FY26, successfully navigating the transitional GST environment and tariff overhang. Total revenue grew 3.2% YoY, with EBITDA up 4.1%. Net profit in H1FY26 turned positive at Rs 849 million. This performance underscores our operational excellence and focus, while our mid- to long-term fundamentals remain strong. India’s Extended Producer Responsibility (EPR) framework is expected to spur healthy demand for recycled packaging materials across the food packaging value chain going forward. UFlex is well ahead of this regulatory curve with its fully integrated recycling ecosystem—producing rPET chips, PCR PET ‘Asclepius’ films, and single-pellet PET chips blending virgin and recycled PET in a 70±:30± ratio. Our portfolio of end-to-end recycled SKUs, including rTubes, rPouches, and rAseptic carton packs, underscores our commitment to sustainable innovation and strengthens our position as a trusted partner helping customers meet evolving regulatory and environmental standards. Looking ahead, easing inflation, structural tailwinds from GST rationalization, lower interest rates supported by the RBI’s liquidity measures, income tax relief announced in the Union Budget, increased government spending, and a progressively easing trade policy environment are expected to strengthen consumption momentum. UFlex is strategically positioned to leverage these macro tailwinds and drive sustainable, long-term organic growth across global markets. Additionally, ongoing capacity rollouts, including the 12 billion-pack Asepto facility in Egypt, the 80 million WPP line in Mexico, and the 39,900 MTPA recycling facility in Noida, will serve as catalysts for incremental growth.” Result PDF