Uflex Limited, India’s largest multinational flexible packaging materials and solutions company, clocked 8% bottom line year on year growth in Q1 of FY 2017-18. In the quarter ending 30 June 2017, the company’s consolidated net profit is stated as Rs. 93 crore compared to Rs. 86 crore in Q1 of FY 2016-17.
At the operating level, Uflex’s consolidated EBITDA rose by 4% to Rs. 236 crore as against Rs. 228 crore during the same period in the previous financial year. The Q1 consolidated total is pegged at Rs. 1624 crore as against Rs. 1516 crore in the same quarter in the previous financial year, thereby registering a 7% topline growth (Y-O-Y). The total sales volume in the quarter also grew by 5% as compared to the first quarter of FY 2016-17.
Uflex says that value-added differentiation is the cornerstone of its business strategy. The company keeps developing and launching newer films and packaging products that contribute to its overall financial growth.
Sanand plant commissioned
According to Ashok Chaturvedi, chairman and managing director, Uflex Limited, “The Financial Year 2017-18 has started off on an assuring note! Our aseptic liquid packaging material manufacturing plant at Sanand, Gujarat has been commissioned. This has completed our product offering bouquet in its entirety. With this your company now stands in a good stead to offer end-to-end flexible packaging solutions for solids, non-aerated liquids, semisolids, viscous fluids, gels, pastes, granular material, powders among others. This feat will further strengthen your company’s competitive edge in the flexible packaging industry. On the innovation front, we launched several products in the quarter ended 30 June 2017 that continued to add value to the businesses of our esteemed clients globally.”