Containers & packaging company EPL announced Q2FY23 results: Revenue growth of 10.6% at constant currency broad-based across all regions despite continued impact of Covid lockdowns in EAP EBITDA margin at 16.3%, a sequential improvement of 119 bps and sequential EBITDA growth of 22.9% on the back of strong pricing actions, despite continued raw material inflation, currency devaluation and other cost increases Revenue growth led by ‘Personal Care & Beyond’ growing at 17.7% with revenue composition at 48% of the total (YoY increase of 243 bps) Two more variants of Platina (sustainable solution) approved by the Association of Plastics Recyclers (APR) Brazil project is on track for first commercial delivery by end of FY23 Result PDF
Conference Call with EPL Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Containers & Packaging firm EPL Announced Q1FY23 Result : Strong double digit revenue growth across all regions except EAP, which was impacted by Covid lockdowns. Revenue growth excluding EAP at 11.4% EBITDA margin @ 15.1%, despite EAP business impacted by Covid lockdowns, and continuing raw material inflation and other input cost increases Net debt reduced by INR 459 million sequentially Bagged Silver medal in Ecovadis; ranked in the top 5% of plastic products companies rated by EcoVadis Brazil project continues to make good progress. New entity incorporated; first commercial delivery expected by end of FY23 Strong double digit revenue growth across all regions except EAP. AMESA (+13.4%), Americas (+20.4%), Europe (+10.5%) and EAP (-6.4%) Revenue growth excluding EAP at 11.4% Margin impacted by lower EAP performance, in addition to continuing raw material inflation, freight cost, absenteeism due to Covid and energy cost in western geographies. Result PDF