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 March quarter of F.Y. 2015 of Rs. 1461 crore as against Rs. 1475 crore for the same period last year. The consolidated net profit for the quarter ended March 31, 2015 has been higher at Rs. 68 crore as against Rs. 60 crore for the same period last year up by 14%.
For the full financial year ended March 31, 2015, UFlex recorded a growth of 5% in consolidated net revenues at Rs. 6180 crore as against Rs.5863 crore for the last year. The net profit for the full financial year (FY 2014-15) has been higher at Rs. 255 crore against Rs. 202 crore in the last year, an increase of 26%. The Board has also recommended Dividend of 27%for the FY 2015.
The higher revenue growth is attributed to increased uptake of innovative flexible packaging solutions offered by the company across sectors.
According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFlex Ltd, “Our continued commitment towards innovation and adding value to clients’ businesses, which enables them to delight their customers with bouquet of packaging solutions and adhering to time sensitive operational practices has ensured strong relationships. This growing relationship is reflected in our sustained growth over the years.”
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. Accordingly, the Company has been on its drive to set-up new plants for developing and manufacturing many new packaging products for existing and newer applications to achieve its growth plans 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.
