EPL Limited expands Thai operations with US$1.63M investment

THAILAND – EPL Limited, a global leader in laminated tube packaging, has reinforced its Southeast Asia growth strategy with a fresh investment of ₹148.32 million(US$1.63m) in its wholly-owned subsidiary, EPL Packaging (Thailand) Co. Ltd.

The move is aimed at strengthening manufacturing and trading capabilities for laminated tubes in Thailand, a key regional hub for FMCG, oral care, and beauty products.

The investment was executed through the subscription of new equity shares in the Thai subsidiary.

EPL Limited subscribed to 514,800 shares at a face value of 100 Thai Baht per share, while Lamitube Technologies Ltd., itself a wholly-owned subsidiary of EPL, subscribed to 5,200 shares at the same face value.

Despite the fresh capital infusion, the ownership structure remains unchanged, with EPL Limited holding 99% and Lamitube Technologies Ltd. holding the remaining 1%.

EPL Packaging (Thailand) continues to remain fully controlled by the parent company, both directly and indirectly.

EPL said all regulatory approvals required under Indian and Thai laws have been secured, with the remaining formalities expected to be completed by January 15, 2026.

The investment aligns with the company’s long-term strategy of expanding capacity closer to key consumer markets and improving supply-chain responsiveness across Asia-Pacific.

Thailand plays a strategic role in EPL’s global manufacturing footprint, given its strong base of multinational FMCG and personal care manufacturers and its connectivity to wider Southeast Asian markets.

The additional capital is expected to support capacity expansion, operational efficiency, and business development, while positioning the Thai subsidiary as a potential springboard for growth across the ASEAN region.

The announcement comes on the back of a strong Q2 FY26 performance by EPL Limited. In November, the company reported an 11% year-on-year increase in revenue, alongside EBITDA growth of 16.1%, with margins expanding to 20.9%.

Profit after tax rose by 19.9%, while earnings per share improved to ₹3.26 from ₹2.73 in the corresponding quarter of FY24.

Growth during the quarter was driven by robust demand across key categories and regions. The Beauty & Cosmetics segment recorded standout growth of 26.3%, while the Americas region led geographically with a 27.4% revenue increase.

East Asia Pacific, which includes Thailand, grew by 10.6%, supported by healthy demand in Oral Care and Beauty & Cosmetics. Europe posted modest growth of 2.8% amid temporary softness from some large customers.

Industry watchers note that EPL’s continued investments in Asia reflect broader trends in specialty packaging, where proximity to customers, faster innovation cycles, and regional capacity balancing are becoming critical competitive advantages.

With strong financial momentum and targeted investments such as the Thailand expansion, EPL appears well positioned to sustain growth across its global laminated tube business.

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