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Business

Expecting 25% volume growth for next few years: UFlex

Updated : December 29, 2020 02:28 PM IST

India's largest flexible packaging company UFlex is expecting a volume growth of 25 percent for the next few years, Group CEO Rajesh Bhatia said on Tuesday.

"At least 25 percent volume growth we are targeting for the next couple of years,” said Bhatia in an interview with CNBC-TV18.

UFlex stock has been among the big movers this year, gaining 90 percent.

While sharing the outlook for 2021, Bhatia said, "We should end up at an EBITDA margin of about 17-18 percent across all our product lines. We are looking at next couple of years of increase in growth coming because of additional capacity that came on stream this year."

On the revenue from PPE kits, he said, “On a long-term basis, consistent contract sort of supplies to the large institutions where the quality is foremost and not just price. We are looking for a stable business down the line with more value-added products.”

On the demand for BOPP and BoPET, he said, “After the surge in June, July and August, the BOPP and the BoPET prices started to sort of cool down a bit and just before the festive season... saw slightly dull period for the packaging industry. After that, they had seen a rise in the prices again because the demand came back in the last quarter and secondly there has been an increase in the raw material prices also. International markets are also holding up.”

Watch video for more.

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