UFLEX Ltd Q1 FY2014-15 Consolidated Net Revenue at Rs. 1530 crore; and Net Profit at Rs. 64 Crore

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 June quarter of F.Y. 2015 of Rs. 1530
crore as against Rs. 1398 crore for the same period last year, up
9%. The consolidated net profit for the quarter ended June 30, 2014 has
been higher at Rs. 64 crore as against Rs. 43 crore for the same period
last year up by 49%.

The higher revenue growth is attributed to increased uptake of
innovative flexible packaging solutions offered by the company across
sectors globally.

*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’s 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 addingmanufacturing 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 working on its expansion plans and propose to
invest around Rs. 1800 crore (USD 300 Mln.) in next 3 years to achieve
its growth plans in future.

Uflex’s 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.

Leave a Reply

Your email address will not be published. Required fields are marked *