UFlex Blog - Flexible Packaging Industry in India

 Rajesh Bhasin, joint president, UFlex Chemicals Business, in a conversation with the WhatPackaging? Team, gives insights about UFlex’s chemical business and what has been transpiring on the ground with inks and coatings, at Plastindia 2023, held at Pragati Maidan WhatPackaging? (WP): What did UFlex display at Plastindia with the chemical business? Rajesh Bhasin (RB): At Plastindia, we showcased our entire portfolio of products and solutions. The UFlex chemical business has a product basket that consists of inks, adhesives, and coatings. But when we talk about their applications; they include offset, narrow-web, and converting inks and that is the bandwidth we present here. While our initial focus was on the converting industry; we have now added narrow-web and offset to our portfolio as well. Read more

 Clocks highest ever revenue in FY23 at INR 14,784 Crore and 11.4% YoY revenue growth. UFlex , one of India’s largest multinationals in flexible packaging and solutions company, announced its consolidated financial results for the fourth quarter and full year that ended March 31, 2023. The company’s unaudited results were approved by the Board of Directors in a meeting held 2 June 2023. FY23 Highlights 1. Consolidated revenue grew by 11.4% YoY to INR 14,784 Crore 2. EBITDA (Before currency devaluation/fluctuation gain/l oss) at INR 2068 crore 3. Profit After Tax (PAT) is INR 480.7 crore 4. Highest-ever packaging (Flexible and Aseptic) sales volume; up 32.6% YoY Read more at

"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 Read more at