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