TCPL Packaging has inaugurated a new manufacturing facility near Chennai, expanding its production capacity for paperboard cartons. The new facility is intended to improve logistics and service capabilities, particularly for customers in southern India.
The company stated that this expansion aligns with its broader strategy to enhance operational efficiency and strengthen its footprint in key industrial regions. The facility is expected to support faster deliveries and cater to the increasing demand for sustainable packaging solutions.
In addition to the new facility, TCPL reported a 32% year-on-year increase in consolidated revenues for the third quarter of FY25, reaching INR 4.8 billion. EBITDA grew by 29%, while profit after tax (PAT) saw a 101% increase compared to the same quarter last year.
Managing Director Saket Kanoria attributed the company’s financial growth to operational efficiencies and a favorable product mix across its paperboard and flexible packaging segments. The company’s flexible packaging segment performed well domestically, while the paperboard packaging segment showed stable growth in both domestic and overseas markets.
Kanoria also highlighted broader industry trends, noting that India has opportunities to expand its manufacturing footprint in sectors such as toys, electronics, and footwear, where exports currently lag behind those of China and Vietnam. He pointed out that India’s toy exports stand at USD 200 million annually, compared to Vietnam’s USD 4 billion and China’s USD 85 billion. In electronics, India exports USD 25 billion annually, whereas Vietnam exports USD 140 billion and China USD 900 billion.
TCPL emphasized its focus on diversifying operations and expanding its manufacturing capabilities to address emerging opportunities in the Indian packaging industry. The company expects domestic demand to strengthen in the coming quarters, supporting its long-term growth strategy.