Uflex (500148) Investor presentation summary

Business overview and global footprint

• Over 40 years in packaging, with 18 manufacturing units and a presence in 150+ countries, serving 5,000+ customers and employing 10,000+ people.

• Global capacity exceeds 1.4 million MTPA, with significant recycling capabilities and a strong focus on sustainability.

• Integrated across the packaging value chain: resins, films, converting, aseptic, inks, adhesives, holography, printing cylinders, engineering, and recycling.

• 18 state-of-the-art plants across 5 continents and 9 countries, enabling delivery anywhere in the world within 15 days.

Financial performance and capital allocation

• FY26 consolidated revenue reached Rs. 155.1 billion (+2.1% YoY), with normalized EBITDA at Rs. 19.1 billion (12.3% margin).

• Q4 FY26 revenue was Rs. 40,973 million (+12.8% QoQ, +5.7% YoY), with EBITDA margin expansion driven by favorable pricing and supply chain disruptions.

• Net debt stood at Rs. 86,218 million, with net debt/EBITDA at 4.35x.

• Capex in Q4 FY26 was Rs. 7,070 million, focused on aseptic packaging (Egypt), WPP bags (Mexico), recycling (Noida), and BOPP line (Dharwad).

• Dividend of Rs. 3 per share recommended for FY26.

Market trends and operational highlights

• Global and Indian packaging markets are growing, with flexible plastics and paperboard leading growth in India (CAGR >10%).

• Strong pricing momentum in BOPET and BOPP films due to supply chain disruptions and raw material shortages.

• FY26 packaging films sales volume was 649,789 MT, with 76.6% from films and 23.4% from packaging.

• International revenue contributed 57% of FY26 revenue, with India at 43%.

• Americas and MEA showed strong demand recovery, while India and Europe faced softer demand.