CPP line will be commercialised Q1 next fiscal.
As for their FIBC business, falling RM should aid their bottomline (after high cost inventory gets exhausted). But, larger issue is weakness in Europe which their major market in exports.
However, FIBC being used for packing essential commodities like food grains, Pharma, milk powder etc etc, the dip may not last long.
CPP is completely domestic business and CPP being highly recyclable, majority of FMCG and other industries will shift from BOPP to CPP to ensure tighter recyclability norms (enhanced producer responsibility - EPR guidelines) which are in place but strict enforcement is awaited.
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