Pudumjee Paper Products profit before tax for the six months rises

Focus on packaging applications

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Pune-based specialty paper business Pudumjee Paper Products Limited (PPPL) has reported an increase in its profit before tax during the six months ended 30 September 2019.

Total profit before tax for the six months showed a rise of 26% and stood at Rs. 201.47 million while the turnover for the six months increased by about 7% to Rs. 3180 million.

During the said period, the company produced 36,269 MT of paper, a 9% increase over 33,406 MT produced during the same period in the previous year.

The company said it is ideally placed to replace single-use plastic in various applications, including food and hygiene product packaging, for which purpose it is vigorously developing and marketing multiple varieties of value-added papers, including for liquid packaging.

Pudumjee Paper Products has completed the erection of equipment for downstream value-added products, which is expected to supplement the efforts of the company for improving performance as well as strengthening business segment of flexible food packaging papers, it said.

Pudumjee Paper Products Limited was incorporated on 14 January 2015, as a public limited company under the provisions of the Companies Act, 2013.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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