Uflex shares surge 16% after Q1 profit zooms 630% YoY

Shares of flexible packaging solutions provider Uflex rallied 16% to Rs 568.35 on the BSE on Monday, after the company reported a 629.6% year-on-year (YoY) surge in its Q1 net profit for FY27 to Rs Rs 423.3 crore, as compared to Rs 58 crore in the same quarter last year.

The company’s revenue from operations rose 37.6% YoY to Rs 5,366 crore in the quarter ended June 30, 2026, as compared to Rs 3,900.6 crore in the corresponding quarter of the previous year, according to a regulatory filing on the BSE.

EBITDA jumped 92.1% YoY to Rs 919.8 crore in this quarter, from Rs 478.8 crore in Q1 FY26. The EBITDA margin stood at 17%, which is the highest EBITDA level for the company in the last 21 quarters, as per the filing.


UFlex’s domestic Packaging Film sales volume increased by 9.1% sequentially in its India operations, as customers gradually resumed purchases after the price hikes in Q4 FY26. The price hike was driven by the pass-through agreement that allows higher raw material prices linked to higher price realisation, according to the company’s statement.

The war crisis will continue to result in controlled supply of raw materials for manufacturing Packaging Films across Asia, as per the statement, which will help in lowering imports of Packaging Films and higher price realisation in India, especially for BOPET in FY27.

UFlex’s presence of plants in three key markets i.e. Egypt, Dubai and Nigeria, and captive production of PET Chips helped in capturing the benefits of strong local and regional demand especially in Egypt, while Nigeria benefitted from additional traction in export markets. There was a surge in demand for both BOPET and BOPP Films across the MEA region as reflected in the sales volume growth of 14.9% YoY in Q1 FY27.

As per the company’s statement, the local packaging converters prioritize sourcing from local/regional Packaging Film makers to overcome the uncertainties of supply-chain disruptions, higher sea-freight costs, and inaccessibility to key ports due to the West-Asia crisis.

What management said

Chairman and MD Ashok Chaturvedi said, “We have started FY27 with robust financial and operational performance. Our diversified portfolio, integrated capabilities and strong presence across key global markets continue to strengthen our competitiveness.” He further stated that the company witnessed strong performance in its core packaging business, supported by improved volumes, higher capacity utilization and enhanced operating efficiencies across key markets.

“Growth was driven by operating leverage, stronger realizations, improved product mix and forex gains, reflecting the benefits of our integrated global footprint.” said CFO Arun Kumar Sharma. “We enter FY27 with multiple growth levers gaining traction. The recently commissioned 39,600 MTPA recycling facility in Noida Sector 155 and the 80-million-unit WPP bags facility in Mexico will progressively contribute to revenue and EBITDA as they ramp up.” the President for Finance & Accounts stated.

“Higher utilization led by localized sourcing to de-risk the unscheduled supply chain disruption and a shift towards value-added packaging films will remain the company’s key growth themes, supporting sustained profitable growth,” he said, adding that while Q2 is expected to see some normalization from the exceptionally strong realisation in Q1, the company’s underlying growth trajectory remains intact, positioning it for robust FY27 growth and continued improvement in earnings quality.