Containers & Packaging company Uflex announced Q3FY25 results Quarterly (Q3FY25): Consolidated sales volume reached 157,036 MT, a 6.3% YoY increase compared to Q3FY24 and a decline of 6.1% QoQ. Quarterly (Q3FY25): Consolidated net revenue stood at Rs 37,742 million, marking a 12.8% YoY increase from Rs 33,454 million in Q3FY24 and a marginal 2.0% QoQ decline. Quarterly (Q3FY25): Normalized EBITDA increased by 22.3% YoY to Rs 5,207 million, while EBITDA margins expanded by 110 bps YoY to 13.8%. Quarterly (Q3FY25): Normalized PAT stood at Rs 1,112 million, reflecting a margin of 2.9% compared to 1.0% in Q3FY24. Ashok Chaturvedi, Chairman and Managing Director, UFlex, said: “We are pleased to announce that we are setting up a woven polypropylene (WPP) bags manufacturing plant in Mexico for pet food packaging. With an estimated investment of USD 50 Million, this plant will be the first WPP packaging plant in Mexico catering to the lucrative North and South American pet food market, estimated at approx. 90 billion USD in 2025 and expected to reach approx. 135 billion USD by 2030”. “In line with our commitment to support the Government of India’s Extended Producer Responsibility (EPR) legislation, we are proud to announce an investment of Rs 317 crore to strengthen our recycling business with significant investments in advanced recycling technologies. The Indian government has set ambitious targets for the collection, recycling, reuse, and use of recycled content in plastic packaging to promote sustainable packaging, and our enhanced recycling capabilities will empower brand owners to meet their EPR commitments and set a global benchmark in sustainable packaging”. “We believe sustainable packaging is non-negotiable, making it imperative for brand owners to embrace recycling and circular packaging. We are honored to achieve a significant milestone as the first Indian company to receive USFDA approval for recycled PCR content in food applications”. “As regards our PET chips plant in Egypt and debottlenecking of the aseptic plant in Sanand, India, we have achieved mechanical completion of both plants and have commenced activities toward the launch of commercial operations”. Rajesh Bhatia, Group president and CFO, UFlex, said: “Our Q3FY25 results underscore our strong growth momentum, with consolidated sales volume up 6.3% YoY, revenue rising 12.8% YoY, and normalized EBITDA increasing 22.3% YoY, alongside a 110 bps margin expansion YoY to 13.8%. Over the first nine months of FY25, consolidated sales volume grew by 9.2%, revenue by 13.0%, and normalized EBITDA posted an impressive 23.3% increase on YoY basis, setting a solid tone for the last quarter of current fiscal.” "Our strong financial performance this quarter reflects the resilience of our business and the effectiveness of our growth strategy. The anticipated rise in FMCG consumption, spearheaded by tax reliefs and rural investments in the FY26 Budget, along with expected rate cuts, is set to further boost the economic activity." “Looking forward to Q4FY25, we are set to commercially commission a 5-billion-pack capacity expansion at our Asepto facility at Sanand, a 216,000 MTPA virgin PET chips plant in Egypt, and an 18,000 MTPA CPP line in Mexico. These strategic expansions will start kicking in revenue, profitability and cash flow in the year FY26-27 and beyond." "The upcoming 12 billion aseptic packaging facility in Egypt and the woven polypropylene (WPP) bags unit in Mexico in FY26 will further accelerate our growth momentum in high margin value added products. These strategic investments will accelerate topline growth, enhance margins, and unlock new cash flow avenues." "Our PET PCR recycling unit received USFDA approval for recycled content in food applications in Q3FY25. Additionally, a new investment of USD 38 million (Rs 3,171 million) in advanced recycling technologies will enhance our existing 72,300 MTPA capacity (42,600 PCR PET & 29,700 MLP) and further strengthen our recycling business. With a fully operational recycling infrastructure, UFlex is well-positioned to meet the rising demand for recycled packaging materials." Result PDF
Containers & Packaging company Uflex announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: 66,927 MTPA sales volume during the quarter. Net revenue of Rs 19,689 million. EBITDA of Rs 2,152 million. EBITDA margin at 10.9%. PAT of Rs 377 million. H1FY25 Financial Highlights: 132,577 MTPA sales volume during H1FY25. Net revenue of Rs 38,430 million. EBITDA of Rs 4,384 million. EBITDA margin at 11.4%. PAT of Rs 855 million. Ashok Chaturvedi, Chairman and Managing Director, UFlex Group, said: “We are pleased with the robust growth in sales volume, revenue, and normalized EBITDA for the second consecutive quarter of FY25. The planned commissioning of our aseptic packaging facility in Egypt in FY26 is a key milestone in our global growth strategy, and we are confident of replicating the success of our aseptic packaging business across international markets. With this, we set our sights on a global manufacturing footprint for our aseptic business. We are pleased to announce the successful launch of our 25K aseptic filling and sealing machine. We have delivered the first machine, and it is running successfully in full swing at our customer’s plant. We are extremely confident about the market opportunity and competitive advantage of this machine. At the heart of our business strategy is a steadfast commitment to sustainability, essential for environmental stewardship and long-term value creation. Going ahead, our focus will be on growing our key markets, expanding our footprint, strengthening our global recycling infrastructure, and investing in artificial intelligence and machine learning to reduce our carbon footprint and increase our operational efficiencies. As a company, we take our role in innovation seriously, and we will continue to develop pioneering solutions to deliver on the changing regulatory and consumer landscape”. Rajesh Bhatia, Group president and CFO, UFlex, said: “Our Q2FY25 results reflect our sustained solid YoY growth trajectory, with sales volume up 10.9%, revenue increasing 13.7%, and normalized EBITDA rising 10.7%. In the first half of the current fiscal year, sales volume increased by 10.7%, revenue grew by 13.0%, and normalized EBITDA witnessed an impressive 253.9% increase. This strong first half sets the stage for an even better second half.” "Looking ahead, we are expanding capacity at the Sanand facility, adding 5 billion cartons post-debottlenecking and commissioning 216,000 MTPA virgin PET chips plant at Egypt and 18,000 MTPA CPP line, which will drive the revenue, profitability, growth in FY25 and beyond." “Our Mexico plant showcased outstanding performance in the first half of the fiscal year, achieving 13.3% growth in sales volume and 34.3% increase in revenue.” Result PDF