Q2FY23 Notes:
• Extrusion machines with 3,500 MTPA Capacity installation completed; production commenced. • Ramping up the production from newly installed machines. Total Capacity in Extrusion stands at 18200MT vs 14800MT (A growth of 23.6%)
• 12 new products added in Bakery segment. Total product basket stands at over 180 products
• Olive Ecopak Private Limited (Paper Packaging Project): Construction related activities commenced.
• Injection Moulding machines installation completed; production commenced• Thermoforming: 2 old machines to be replaced by 1 new machine in Jan 23
• 0.9cr of one-time expenses dented Ebitda margins.
• Guidance: 260cr Revenue – 15% (+/- 1%) Ebitda margins – 11000MT volume (5500MT in H1) – 16-17% Sustainable long term ebitda margins.
• Injection Moulding – Food delivery products are currently made.
• 10% of revenue from barrier packaging products with 43-45rs per kg ebitda margins (33rs per kg overall ebitda margins for h1)
• Tube laminates: Machines currently being upgraded to begin commercial production – will take 4-6 weeks
• Q2-Q3 are seasonally week quarters due to reduced offtake of certain foods and beverages. Q4-Q1 are the strongest
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