UFlex Blog - Flexible Packaging Industry in India

  07 February 2019, Noida, U.P (India): Uflex Ltd declared its earnings for the Quarter ended December 31, 2018 and reported consolidated net revenue of INR 1981.1 crore, a jump of 17.7% on Y-o-Y basis. The consolidated EBITDA for Q3 FY18-19 stood at INR 227.7 crore, showing an increase of 13.6% Y-O-Y while the consolidated net profit rose marginally by 3.8% Y-o-Y to 54 crore for Q3 FY19. Total Production Volume during the quarter was 96876 MT up 4.4% Y-o-Y and Total Sales Volume rose by 3.1% Y-o-Y to 94229 MT. Talking about the earnings, Rajesh Bhatia, Group CFO at Uflex Limited said, “The performance during this quarter is exceptional against the backdrop of huge volatility in crude oil prices. From a high of $84.94 on Oct 01 2018, the brent crude prices kept on falling consistently to $50.57 on Dec 28 2018, thereby registering a fall of over 40% during the quarter. Such a consistent steep fall often results in de-stocking by the customers to avoid inventory losses and still the ...

  February 11, 2019, Noida (India): Uflex stole the show with six awards at the recently held IFCA STAR AWARDS 2018 with special emphasis on Innovation, Graphics, Creativity, Branding and R&D. IFCA Star Awards is a prestigious award for the Flexible Packaging & Carton Packaging industries that provides the packaging sector with a platform to showcase innovative minds in the industry and recognize their continuous efforts through development of pioneering products and technology. Read More

  February 13, 2019, Noida: Continuing with its string of wins, Uflex Ltd has been recognized for innovative packaging in the category of Excellence in Packaging – Beverages (Large Enterprises) for Asepto Spark ‘Fresca’ at The Economic Times Polymers Awards 2019 held on Feb 12, 2019 at Mumbai. The company has won the award for Fresca packaging, the first holographic pack of the era. On receiving the award, Ashwani Kumar Sharma, President & CEO at Uflex Ltd, said, “The idea of our packaging innovation was to enhance the shelf appeal which was deprived in the printed cluster. Asepto Spark and Premium range filled that void and created a new horizon of packaging for brands to look forward to.” Uflex always inspired its customers to reimagine the packaging experience with Asepto’s Spark and Premium range. “We are committed to creating innovative products and solutions for our customers around the globe, as our packaging innovation offers endless possibilities. This award certainly ...

  May 22, 2019, Noida (India): Uflex was declared winner for Excellence in Sustainable Packaging in the category of ‘Solid Dosage Forms’ for its pharma packaging innovation Alu-Au Laminates at the 4th Annual India Packaging Awards hosted by UBM India, held in Mumbai yesterday. India Packaging Awards are the first and only platform to acknowledge the best in Pharmaceutical Packaging Industry for their efforts, contributions, and innovations. Launched in 2016, the awards have been extremely successful in recognizing & honoring the leaders and companies who drive the industry to incredible heights. The award ceremony honoured the winners and their success journeys at an evening which was specifically dedicated to celebrate the glory of Indian pharmaceutical packaging industry. Excellence in Sustainable Packaging lauds initiatives that have led to development and manufacturing of eco-friendly and socially beneficial packaging. Read More

  27 May 2019, Noida, U.P (India): Uflex Ltd, India’s largest multinational Flexible Packaging Company, today has announced its earnings for the Quarter ended March 31, 2019 and Financial Year 2018-19. The consolidated net revenue for Q4FY18-19 rose to INR 2060.6cr as compared to INR 1818.8cr in the corresponding quarter last fiscal; while the company registered EBITDA growth of 13.4% at INR 260.1cr in Q4FY18-19. For full year 2018-19, the consolidated net revenue grew 18.5% to INR 7974.8cr and EBITDA increased by 11.6% to INR 1007.5cr. The full year consolidated PAT was marginally up by 1.07% at INR 313.8cr. In FY2018-19, the Films Business achieved highest ever production of 316923 MT. The improved financial performance has resulted in CRISIL assigning higher credit rating of ‘A’ to long-term debt of the company. The board has recommended a dividend payout of 20%, subject to shareholders’ approval. Read More