Essel Propack - Packaging That World Prefers
Ali On Content / 20 Dec 2011
- Essel propack (EPL) has reported a good performance in Q2FY11. It has achieved a revenue growth at 19.4 per cent YoY to Rs 3.7 billion.
- EPL’s EBITDA margins at 18.5 per cent are highest in last 16 quarters and since EPL goes international.
- Essel Propack’s progress in various geographies was on expected lines - with Amesa and EAP reported strong traction in the quarter and Americas and Europe reporting reduction of EBIT loss.
So, what do these signs indicate for an investor? The company’s consolidated topline has suffered due to disposal of the company’s medical devices business. The company has also faced problem as a result of slowdown in Americas and in Europe. However, things are looking up now with the company expecting growth across geographies and improvement in the profitability of its European business. Moreover, the company is changing its products mix and increasing focus on cosmetic, hair care and pharmaceutical segment.
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