EPL Ltd. share price target

Essel Propack (Essel) in 3QFY18 posted revenues of Rs 595 Cr. (up 1.2% Y-o-Y, down 7% Q-o-Q) due to GST related disruption impacting the Indian operations and a de-growth of 6.6% in Europe. It posted EBITDA margins of 19.7% (up 180 bps Y-o-Y) and PAT of Rs 40.8 Cr.

ICICI Securities Ltd | Retail Equity Research Essel Propack recorded muted consolidated revenue (net of GST) growth of 1.2% YoY on account of lower-than-expected volume offtake by key customers in the AMESA and European regions, respectively. However, America and EAP regions managed to grow at muted rate of ~3% and ~1.4% YoY, respectively. Non oral care segment revenue contribution was flat at 41.3% YoY. According to the management, revenue growth in the Amesa and European...

Essel Propack Limited (EPL) is the largest specialty packaging company and laminated tube manufacturer in the world catering to the FMCG and Pharma space. Constant technological innovation and expansion of product range has made Essel Propack a leading global specialty packaging company with a 36% market share of the world's oral care market in volume terms. Emerging markets would be the key growth driver for oral and non-oral care categories driven by growth in Indian business helped by recovery in the FMCG industry, improving...

EPL recorded a growth of 11.5% (y-o-y) in its revenue from Rs 573.59 crs ($85.7m) to Rs 639.71 crs ($99.5m) in Q2FY18 accentuated by high growth in revenues from Europe and East Asia Pacific (EAP) at 50.6% and 8.9% respectively. The inclusion of Essel Deutschland Germany (EDG), which was acquired effective 30th Sept, 2016, helped fortify revenue growth in Europe due to increased opportunity for synergies in European operations. Revenue in...

Essel Propack (Essel) in 2QFY18 posted revenues of Rs 640 Cr. (up 12% Y-o-Y, up 14% Q-o-Q) due to robust revenue growth in China, America, Egypt and inclusion of 100% of the profit and loss of Essel Deutschland Germany (EDG), which was acquired effective 30th Sept, 2016

Consolidated revenues (net of GST) increased ~12% YoY to | 640 crore largely on account of ~51% and ~9% YoY increase in revenue of Europe and EAP regions, respectively. AMESA region revenues (like-for-like up ~7%) were impacted by GST related issues and devaluation of currency in Egypt. Though the America region recorded revenue growth of ~9% (on a constant currency basis), the European business (excluding EDG business) continuously remained under pressure (down ~12% YoY) due to lower offtake by key...

Essel Propack (Essel) in 1QFY18 posted revenues of Rs 561 Cr. (up 6% Y-o-Y, down 8% Q-o-Q) due to 3.2% revenue growth in EAP region and inclusion of 100% of the profit and loss of Essel Deutschland Germany (EDG), which was acquired effective 30th Sept, 2016

Consolidated revenues witnessed an increase of ~6% YoY to | 583 crore largely on account of ~43% and ~3% YoY increase in revenue of Europe and EAP regions, respectively. However, revenues from Amesa regions declined 0.4% owing to GST related issues while America region was impacted by lower offtake from key customers. However, on a constant currency terms revenue grew 12.3% YoY, reflecting significant appreciation of INR against multiple currencies. The company's consolidated business of EDG in Q3FY17 resulted in...

Essel Propack (Essel) in 4QFY17 posted revenues of Rs 615 Cr. (up 11% Y-o-Y, up 2% Q-o-Q) due to inclusion of 100% of the profit and loss of Essel Deutschland Germany (EDG), which was acquired effective 30th Sept, 2016, supported by good revenue growth in Columbia post consolidation of unit and East

Company expects America geography to grow at a healthy rate as Columbia and Mexico have stabilize & seeing strong growth. In EAP recent traction in oral care and continuation of healthy growth in non-oral care should lead to high single digit growth. India business...