AGI Greenpac, India’s largest glass container manufacturer, has reported strong financial results for the quarter ended 30 June 2025 (Q1 FY26). Net profit surged 41 per cent year-on-year to Rs 890 million from Rs 630 million in Q1 FY25. Total income rose 25 per cent to Rs 7.21 billion, up from Rs 5.77 billion last year. EBITDA increased 20 per cent to Rs 1.76 billion compared to Rs 1.47 billion in the same period.

The robust performance is attributed to disciplined execution and improved operational efficiencies. The company’s strategy to enhance its product mix, with a growing focus on premium segments such as cosmetics, perfumery, and alcohol, has also contributed to improved margins and profitability.

In a major strategic move, the board has approved AGI’s entry into the aluminium cans segment, targeting fast-growing markets and diversifying its packaging portfolio. The company will invest approximately Rs 10 billion in two phases to set up a new aluminium can manufacturing plant in Uttar Pradesh. The facility, equipped with advanced technology, is expected to be operational by Q3 FY28 and will have an initial annual capacity of 950 million cans, expandable to 1.6 billion by FY30.

This development complements AGI’s ongoing expansion plans, including the greenfield glass plant announced in March 2025 in Madhya Pradesh. With an investment of Rs 7 billion, the new facility will increase daily glass production capacity from 2,100 tonnes to 2,600 tonnes and is expected to be operational by March 2027.

Commenting on the performance, Sandip Somany, Chairman and Managing Director, AGI Greenpac, said, “Q1 FY26 has set a strong foundation for the year. We solidified our financial position and achieved significant efficiencies throughout our operations. As we progress, our focus remains sharp on executing with agility, strengthening our strategic relationships, and consistently delivering sustainable value to all our stakeholders.”

He added, “We are strategically entering the aluminium cans segment with the clear goal of becoming a top player in this market within a decade, solidifying AGI Greenpac as a truly comprehensive packaging solutions provider. This new venture offers strong synergies with our existing glass packaging business. Both categories serve the alcohol and F&B industries, allowing for leveraging existing customer relationships, distribution networks, and supply chain efficiencies. We are excited about the future, knowing that our success is tied to the purposeful investments we are making in the innovative solutions that will directly fuel our next stage of growth.”