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for Industry - Paper & Paper Products
JK Paper Ltd.'s (JK Paper) Q1FY26 result was broadly in-line with estimates on net sales and EBITDA front, while net profit was below our forecast. The Company's core business in Paper and Paper Board continued to face headwinds from cheap imports resulting in depressed sales realization and ongoing high domestic wood prices weighed on operating margin. Despite this, JK Paper improved its profits on a sequential basis. The management believes that packaging conversion business is amongst the fastest growing segments in the Indian Paper and Packaging industry driven by growth in end use industries....
JK Paper Ltd.'s (JK Paper) Q4FY25 result was broadly in-line with estimates on key parameters. The company reported improved performance on a sequential basis led by higher volume and cost optimization. However, on YoY basis the earnings were subdued, reflecting underline pain in NSR and raw material cost. The management attributed weak earnings to surge in imports at low prices and high wood cost. During Q4FY25, the Company acquired 60% of the Equity Shares of Radhesham Wellpack Private Limited (RWPL) and 62.14% of Equity Shares of Quadragen Vethealth Private Limited (QVPL). We have fine-tuned earnings...
Higher sales volume and improved NSR aided net sales growth Despite challenging business environment, JK Paper's sales volume was at 104,841MT, a growth of 32% YoY. The company reported NSR improvement of 7% YoY to Rs63,029/MT led by higher packaging board and coated paper prices. Sirpur plant has gained traction during Q1FY22 and it would reach at 100% capacity expansion by Q4FY22E or Q1FY23E. Packaging board unit will be operational in Q3FY21E and would have meaningful contribution to net sales in FY23E. Operating leverage and cost cutting led to robust EBITDA margin expansion...
JK Paper Ltd.'s Q3FY21 result was in-line with our estimates on net sales and EBITDA front, while higher than anticipated interest cost led net profit below our forecast. Net sales declined by 9.6% YoY to Rs7,423mn, while EBITDA came in at Rs1,552mn, down by 32.7% YoY. The company reported net profit of Rs646mn, lower by 51% over Q3FY21. The management attributed net sales decline to sharp degrowth in net sales realization (NSR) on account of subdued demand for PWP in Q3FY21. On a positive note, higher global pulp prices and demand revival in the domestic market from beginning of Q4FY21 has led to increase in NSR. Sirpur plant is now operational and should contribute to net sales in next...
Company have performed very well for the FY 2018, the year has started on a encouraging note. Along with improved sales volumes, the mix has changed favorably towards the value-added products. After Maharashtra, Uttar Pradesh has become the 19th state in the country to ban the usage of plastic bags. The ban will further boost the demand for the Kraft paper for...
TNPL reported topline growth of ~27.3% yoy in Q4 with reported net sales at `1017crs. vs. `799crs. in the corresponding quarter, last year. This quarter saw the company come back from the plant shutdown with capacity utilisations up at peak levels (100%+ for paper & 85%+ in the paper board segment. It has been a tough year for the company with the plant shutdown due to lack of water availability. With a stoppage of production at paper machine 2 between April 2017 & July 2017 the company lost out of 46,041 MT of paper production (i.e. ~11.5% of its total paper capacity). For FY18, the company registered a net sales growth of ~4.8% with sales...
Yash Papers' compostable tableware brand Chuk is in talks with the Indian Railways to supply meal-trays for its onboard catering services. Considering huge demand for such compostable products in the takeaway segment. It is likely to enter the segment within this month. The company is also looking to launch leak-proof specially designed containers to tap the takeaway market. Yash Papers is in advanced discussions with the Railways and a deal might fructify within this month. Company have already supplied Indian Railways close to one lakh pieces for a trial run on specific routes & is in advanced stage of discussion with them. The Railways will require...
The EBITDA from operations for Q1FY18 stood at `31crs, which translates to an ~83% YO-Y de-growth from Q1FY17 (`180 crs). The EBITDA margins from operations for Q1FY18 stood at 5.5% vs. 23.8% in Q1FY17. Interest cost stood at `63.2crs vs. `64.6crs. in the corresponding quarter, last year and `68.5 crs. in Q4. Depreciation stood at `54.4crs vs. `46.4crs increased by 17.2% yoy,...
