• Packaging trend shift: The recent shift from aluminium cans to glass is viewed as temporary, driven by domestic can shortages and rising consumer preference for sustainable and healthier glass packaging over PET.
• Glass capacity expansion: The company currently produces 2,100 tonnes per day of container glass and plans to increase total capacity to approximately 2,600 tonnes per day via a new plant in Gwalior by January 2027.
• Aluminium can capex: Over ₹1,000 crore is being invested in a new can manufacturing facility in Hathras, which is scheduled to commence production by the end of June 2027.
• Segment growth outlook: Management expects the aluminium can business to deliver strong double-digit growth, while the glass packaging business is projected to grow at a mid-single-digit pace.