Profits double at SPEL on higher revenue

SPEL Ltd closed fiscal 2025 with a sharp rebound in profitability on the back of stronger sales, improved operating leverage, and disciplined energy management, underscoring the leverage that a packaging supplier can enjoy when consumer staples volumes recover. The company – best known for making plastic packaging for blue-chip fast-moving consumer goods (FMCG) clients and precision parts for automotive OEMs – also flagged new business dialogues in autos and a continuing push to de-risk power costs through solar, even as it acknowledged that its resin-heavy cost base remains exposed to imports.

According to the company’s briefing, the top line expanded and the margin structure improved meaningfully as the mix stabilised and cost controls took hold.