UFlex Ltd, the Bombay Stock Exchange (UFlex: 500148) and NSE listed, India’s largest flexible packaging company has registered the Consolidated net revenue for the December quarter of F.Y. 2015 of Rs. 1530 crore as against Rs. 1474 crore for the same period last year, up 4%. The consolidated net profit for the quarter ended December 31, 2014 has been higher at Rs. 57 crore as against Rs. 53 crore for the same period last year up by 8%.
For the nine months period ended 31st December, 2014, UFlex recorded a consolidated net revenue of Rs. 4719 crore as against Rs. 4388 crore for the same period last year up by 8% and the consolidated net profit of Rs. 186 crore as against Rs. 142 crore for the same period last year up by 31%.
Expansion Plans
UFlex agenda of global expansion and consolidation of its position as a truly Indian MNC (Multinational Corporation) is reinforced with its strategy of capacity expansion and adding manufacturing lines for various product categories across existing and newer locations to increase proximity to the markets, but also to bring broad portfolio of value added products to its clients at competitive price points. In order to achieve this, company would be focused to make need based investments in future.
UFlex strong manufacturing base in India, Mexico, Dubai, Egypt, Poland and USA caters to global markets spanning USA, Canada, South America, UK, Europe, Russia, CIS countries, South Africa and other African countries, the Middle East and the South Asian Countries.
The company offers its flexible packaging products and solutions globally to clients including Unilever, Pepsi, Wrigley, Procter & Gamble, Colgate, Palmolive, Nestle, Gillette, Ranbaxy, Perfetti, Joyco, Monsanto, ITC, Godrej Pillsbury, Tata Tea, Hindustan Petroleum, Indian Oil, Britannia, Dabur, Haldiram, Wockhardt, HUL, Parle Biscuit, Birla 3M, among others.
