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Essel Propack Quarterly Results Q3FY16 | ||
Mumbai, Maharashtra, India Consolidated Results comparison: Q3FY16 vs. Q3FY15:
Consolidated Results comparison: 9MY16 vs. 9MY15:
Essel Propack Limited (NSE: ESSELPACK, BSE: 500135), a global leader in laminated plastic tubes catering to the FMCG & Pharma space, today announced its financial results for the quarter ended December 31, 2015.
The company had divested flexible packaging business in July 2015.
On a comparable basis, the company’s consolidated quarterly net profit excluding divested business was up 44.5% at Rs. 42.9 crore as against Rs. 29.7 crore in the corresponding quarter of last year.
On a comparable basis, the company’s consolidated quarterly revenue excluding divested business was up 1.2% at Rs. 513.4 crore as against Rs. 507.4 crore in the corresponding quarter of last year.
On a comparable basis, the company’s consolidated 9 month net profit excluding divested business was up 36.3% at Rs. 127.8 crore as against Rs. 93.8 crore in the corresponding 9MFY15.
On a comparable basis, the company’s consolidated 9 month revenue excluding divested business was up 3.1% at Rs. 1573.3 crore as against Rs. 1525.6 crore in the corresponding 9MFY15.
Statement from Ashok Goel, Vice Chairman & Managing Director, Essel Propack Limited: “Europe and Americas are on track. Margins have been helped by stable RM prices and operational efficiencies. Continued growth in Europe & Latin America and demand revival in India, we believe will drive our topline growth to 15% CAGR in the coming quarters.”
Business Highlights for the Quarter ended December 31, 2015:
About Essel Propack Ltd: Essel Propack, part of the USD 2.4 billion Essel Group, with FY15 turnover of over USD 380 million, is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 2700 people representing 25 different nationalities, Essel Propack functions through 21 state of the art facilities and in eleven countries, selling more than 6 billion tubes and continuing to grow every year.
Holding Oral Care market share of 36% in volume terms globally, Essel Propack is the world’s largest manufacturer with units operating across countries such as USA, Mexico, Colombia, Poland, Germany, Egypt, Russia, China, Philippines and India. These facilities cater to diverse categories that include brands in Beauty & Cosmetics, Pharma & Health, Food, Oral and Home, offering customized solutions through continuously pioneering first-in-class innovations in materials, technology and processes. |
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Media Contact Details
Snehal Vaidya
Adfactors PR +91 9820167242 Divya Sheth
Adfactors PR +91 9619105533 |
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