TCPL Packaging Research Report Update By Sharekhan

TCPL Packaging (TCPL) stock price has run-up by 38% in the past one month on the back of strong operating performance in FY2016 and improving growth prospects for the paper packaging industry in the long run. Revenues grew by 19% YoY (largely driven by strong double-digit volume growth) and the operating profit grew by 23% YoY in FY2016. Being one of the largest packaging players, TCPL would achieve strong double-digit revenue growth (largely volume driven) in the near to medium term on the back of improvement in consumer demand, growing e-retailing business and emergence of new players in the FMCG sector.