Q1FY23 PRESENTATION AND CONALL NOTES:
• Operational Ebidta per kg = up 25% YOY, 36.2% QOQ – 37.58rs vs 30rs vs 27.59rs
• Volume growth = 23.57% YOY, 24.5% QOQ - 2804 vs 2269 vs 2253
• Likely to maintain or improve current qtr. ebidta margins
• Will show robust volume growth YOY for full year.
• Q1 is always the strongest quarter. Next quarter may see 5-7% sales drop.
CAPACITY ADDITIONS:
• Enhanced printing capacity by 60 Mn per annum by adding 1 printing machine.
• Placed orders for 2 new printing machines with installed capacity of 200 Mn pcs per annum. (9400 vs 7400 lac)
Expected to commence by Feb 23
• Extrusion machine with installed capacity of 3,500 MTPA under installation at Umbergaon unit. (18,200 vs 14,700 in MT)
• Thermoforming machines in process of delivery/installation with installed capacity of 900 MTPA. (8,920 vs 8020 in MT)
Expected to Commence by Sep 22
• Olive Ecopak Private Limited - Construction of Factory to commence in Sep 2022. Production likely to start from Oct/Nov 23
• INJECTION MOULDING: Entered into exclusive Toll Manufacturing Agreement for manufacture of food packaging containers using Injection Molding with capacity of 1,000 MTPA. Production to start from 1st week of September.
Why injection Moulding: Looking to increase wallet share in existing clients as they have requirements of IM Packaging Products
Intend to expand in this segment depending on future demand scenario
• Top Clients: Ferrero Rocher, HUL, AMUL, Tata Global beverages
• Thermoforming/Rigid Packaging Market: It is a niche segment with a few no. of players. Overall Market size around 1000cr and it is growing at a good pace as it is a new segment with new applications.
In certain products for customers, we are monopolistic supplier.
- Current Plastic ban has no relation to company products.
Subscribe To Our Free Newsletter |