UFlex Ltd Q2 FY2014-15 Consolidated Net Revenue at Rs. 1671 Crore and Net Profit at Rs. 65 Crore

UFlex Ltd Q2 FY2014-15 Consolidated Net Revenue at Rs. 1671 Crore and Net Profit at Rs. 65 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 September quarter of F.Y. 2015 of Rs. 1671 crore as against Rs. 1516 crore for the same period last year, up 10%. The consolidated net profit for the quarter ended September 30, 2014 has been higher at Rs. 65 crore as against Rs. 46 crore for the same period last year up by 41%.

The increase in revenue is attributed to increased uptakeon innovative flexible packaging solutions provided by the company across sectors globally.

According to Mr. Ashok Chaturvedi, Chairman and M.D. of UFlex Ltd, “We are committed to innovations and creating new trends thanks to the breakthroughs in Polymers research and raw material enhancements. With our ability to delight our customers with the latest packaging material, technology and a wide array of products, we have strong relationships with all our customers. This commitment has 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 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 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.

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