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Global packaging firm eyes eastern India


Global packaging firm eyes eastern India
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Global packaging firm eyes eastern India
Sarthak.G / TNN / Apr 10, 2021, 06:29 IST
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Kolkata: Global packaging major EPL that manufactures laminated and plastic tubes for FMCG and pharma sectors is set to expand the market for eco-friendly solutions and personal care segment in eastern India. Over the last six months, the company has added many new customers under their fold in three segments like beauty-cosmetics, pharma-health and food-home care.
“These three categories remain strong and are likely to drive growth for our business. We have seen a spurt in wallet shares from the existing customers in eastern India. During the lockdown, we managed to keep our plants running with a huge demand for sanitisers and other hygiene products. Overnight, we had around 50 brands approaching to us for sanitisation products,” said its MD & CEO Sudhanshu Vats. ....

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EPL Ltd - Double-digit revenue growth outlook intact - ICICI Securities


EPL Ltd - Double-digit revenue growth outlook intact - ICICI Securities
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2021-02-02 22:28:37
(Time Zone: Arizona, USA)
EPL s Q3FY21 revenue growth was slow at 7.9% YoY due to muted performance in personal care segment, which rose only 7.3%, and decline of 4.3% in laminates revenue. However, gross profit margin improved 140bps YoY on inventory gains, but was offset by rise in operating cost due to covid-related expenses to ensure supply security. EBITDA grew just 0.4% YoY. In the near term, hardening raw material prices is a clear headwind for margins, but the company remains confident in the long term, with double-digit revenue outlook and mid-teens EBITDA growth remaining intact. Further, we see EPL benefiting from inorganic growth. It has completed the acquisition of Creative Stylo Packs, which should add to growth from next quarter. Maintain BUY with a target price of Rs318. ....

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