Margins to still remain subdued in packaging films for next 1-2 quarters: Rajesh Bhatia, Uflex

"They had no choice but to reduce their consumption for some of the things which are nice to have. And that is what affected the packaging industry because the demand for the energy, especially in the winters, is quite a bit and they had to reallocate their budgets based on the current energy prices," says Rajesh Bhatia,CFO, Uflex.


Wanted to begin by asking you about the outlook going forward because FY23 of course was a bit of a dull year for the entire sector given a lot of headwings but going forward what is the outlook looking like for FY24


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