UFlex Blog - Flexible Packaging Industry in India

With the growth in consumer needs and other factors such as increase in purchasing power, the global rigid packaging market is set to surpass $800 bn by 2024. However, the world is currently witnessing a shift of focus towards greater convenience and sustainability. Today consumers prefer product packaging that offers portability, resealability, convenience,and is made of sustainable materials. This set of preference is resulting in speedy transition from rigid to Flexible Packaging Solutions and formats. The Flexible Packaging market is likely to grow at 3.95% growth rate to reach $299 Billion by 2024 as brands look to reduce production costs and enjoy the competitive advantage of Flexible Packaging over Rigid Packaging . Read more

  December 19, 2018, Noida (India): Primary Packaging plays an important role in the pharma industry, where its purpose ranges beyond providing barrier protection to creating unique brand identity, brand protection and patient communication. The global pharma packaging industry is booming with modernization, courtesy several drivers in the technology innovation segment, with India being the hub of Pharma. At the recently held CPHI India in Greater Noida, a gathering of Pharma manufacturers and professionals from across the world, Indian flexible packaging giant Uflex steered the path of innovation by unveiling a portfolio of its latest products in pharma packaging – Fast Tear Strip Foil, PET based Cold Form Blister, Child Resistant & Senior Friendly Foil and Branding Solutions – for pharmaceutical companies. Read More

  January 09, 2019, Noida (India): Uflex was recognized with seven awards at the recently concluded SIES SOP STAR AWARDS 2018 for packaging innovation and product development. In its endeavor to support and encourage the packaging sector, The SIES School of Packaging announced the awards for excellence in packaging with emphasis on Innovation, Creativity, Development and New Concepts. The eminent jury members followed a strict judging criteria based on innovation & creativity, graphic design & improved aesthetics, user friendliness & new developments, thus recognizing the R&D efforts of Uflex in developing newer materials, forms, process, machinery and technology in the field of packaging. Read More

  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

  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