EPACK reports Rs 11.82 cr Q1 profit as RAC and SDA/LDA expand
Peak-season RAC demand and customer gains supported growth, but interest and depreciation absorbed much of operating profit.
Filed 11 Aug 2026, 18:29 IST · after market close · EPACK (EPACK)
Key takeaways
- EPACK reported consolidated Q1FY27 net profit of Rs 11.82 cr after interest of Rs 20.22 cr and depreciation of Rs 16.61 cr.
- Management reported RAC growth of 43.8% and SDA/LDA growth of 68.9%, while components revenue fell 23.1% on a high base.
- Management said it proposed Rs 4,700 million of strategic investment through Q2 FY27, against Q1 capex of about Rs 102 million.
RAC and newer categories carried Q1
Management attributed RAC growth of 43.8% to peak-season demand and customer share gains. It reported SDA and LDA growth of 68.9%, led by air fryers and washing machines, while components revenue declined 23.1% on a high base. The consolidated quarter therefore showed wider category participation, despite weakness in components.
Interest and depreciation limited profit conversion
Operating profit of Rs 55.02 cr converted to profit before tax of Rs 17.60 cr after interest of Rs 20.22 cr and depreciation of Rs 16.61 cr. The 6.21% operating margin left limited room for these charges, while negative other income of Rs 0.59 cr provided no support. A 32.86% tax rate further reduced pre-tax profit to net profit of Rs 11.82 cr.
Management links FY27 expansion to new capacity
Management said the proposed Rs 4,700 million strategic investment through Q2 FY27 is focused on localization, backward integration and future capacity; Q1 capex was about Rs 102 million. The company said its washing-machine expansion and new Bhiwadi greenfield facility are expected to contribute over coming quarters. It also said the new-customer and product pipelines position FY27 for continued diversified growth, while noting that no PLI income was accrued in Q1 FY27.
Results were filed after market close
EPACK filed the consolidated Q1FY27 results after market close on 11 Aug 2026. The filing included management commentary on category growth, capacity investment and the broader product pipeline.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹886 cr |
| Other income | ₹-1 cr |
| Expenses | ₹831 cr |
| Operating profit | ₹55 cr |
| Operating margin (%) | 6.21% |
| Interest | ₹20 cr |
| Depreciation | ₹17 cr |
| Profit before tax | ₹18 cr |
| Tax | ₹6 cr |
| Net profit | ₹12 cr |
| EPS (₹) | ₹1.23 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- RAC grew 43.8% on strong peak-season demand and customer share gains.
- SDA and LDA grew 68.9%, led by air fryers and washing machines.
Guidance & outlook
- The company says its new-customer pipeline and product pipeline position FY27 for continued diversified growth.
Expansion
- The company proposed ₹4,700 million of strategic capital investment through Q2 FY27, with Q1 FY27 capex of about ₹102 million.
- The washing-machine expansion and new Bhiwadi greenfield facility are expected to contribute over coming quarters.
- The company is investing in localization, backward integration and future capacity.
New products
- The company listed new products including air fryers, mixer grinders, nutri blenders, infrared cooktops, vacuum cleaners, coffee makers, tower fans and washing machines.
New initiatives
- The company has expanded its product pipeline across SDA, LDA and components.
Competition
- The company reported the strongest topline growth among listed RAC ODM peers.
- RAC growth was ahead of the industry, where a large peer declined during the quarter.
Problems & risks
- The company did not accrue any PLI income during Q1 FY27.
- Components revenue fell 23.1% on a high base in Q1 FY27.
What to watch
- Whether operating margin holds above 6.21% as the expansion programme progresses.
- Whether components revenue improves from the 23.1% decline reported on a high base.
- Whether reported capex moves beyond about Rs 102 million against the proposed Rs 4,700 million investment through Q2 FY27.