Diversification beyond RAC to drive sustainable growth: Epack, started as an OEM manufacturer for RAC brands, has gradually evolved into a leading ODM player in the RAC segment. While RAC (72% in FY25, 58% in FY26E owing to weak summer) continues to remain the key revenue driver, the company is actively diversifying its portfolio into SDA, LDA and component manufacturing with an aim to reduce the same to ~55% by FY28/29. This strategic shift is aimed at reducing the inherent seasonality of the RAC business while building a more balanced and stable revenue...