India's EPL drops after weak quarterly profit

EPL

15/05/2026 07:26

** Shares of India's EPL EPLI.NS down as much as 8.91% to 208.92 rupees

** Stock's highest intraday pct drop since February 24, 2025

** Packaging co posted about 10% fall in Q4 profit

** Revenue from ops grew about 18%

** Revenue growth driven by strong demand in the Americas and East Asia Pacific regions, supported by momentum in its beauty and cosmetics segment, says Nomura

** Middle East crisis has disrupted supply chains and increased raw material costs, brokerage adds

** Cuts FY27 and FY28 earnings estimates by 3% and 6% respectively

** YTD stock up 6.5%

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))