Analyst Meet / AGM 09-Aug-19
Conference Call
Huhtamakai PPL
Saw significant growth in labels business which serves pharma and FMCG segment
Huhtamakai PPL
held confe
rence call to discuss the performance for the quarter ended June 2019. Managing Director - Mr. Arup Basu and Chief Financial Officer- Mr. Ranjeev Lodha of the company addressed the call.
Highlights of the Concall
The company has added a new printer line at its Rudrapur unit at the cost of Rs 25 crore in June 2019 to serve its customers in the northern region where many customers have their manufacturing plants located.
The company saw significant growth in labels business which serves pharma and FMCG segment
The company is increasing focus on sustainability- redesigning recyclable structures for all categories of products that allow their products to be packed in a recyclable packaging,
The company is running extensive set of programs or projects under operational excellence umbrella to improve its productivity, to reduce its costs and improve the quality of service.
Revenue grew 6.4% in Q1FY20 compared to Q1FY20 led by offtake in labels business and encouraging sentiment in tube laminates business.
Volume growth was flat during the quarter.
Net debt stands at Rs 318 crore at the end of June 2019 quarter compared to Rs 334 crore at the end of December 2018.
Working capital increased due to higher sales, rise in export sales and increase in inventory of raw materials.
Higher employee cost was largely due to revision of salaries.
The company expects tax rate of 39% in FY20
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