Focusing on UFlex’s financial performance, the total net revenue for the company reached remarkable heights of INR 36, 825 million during the first quarter of FY25. This is a substantial growth of 12.3% YoY and 5.3% QoQ.
With the revenue also came an impressive growth in the expanding sectors. The net sales from the packaging films segment also skyrocketed. The consolidated sales volume for the quarters stood at 158, 022 metric tons, an increase of 10.4% YoY. The sales volume of packaging films reached an increase of 13%, which proved the value in the International market. The operational EBITDA increased to INR 4,652 million which was an increase of 45% YoY and 2.2% QoQ.
The company has also signaled new plans and projects with these remarkable results. For the first quarter, UFlex launched a new Cast Polypropylene (CPP) packaging film line in Russia via ssd Flex Films Rus LLC. This particular line has a capacity of 18,000 MTPA and adds to current infrastructure and improves the production capabilities of the company.
Ashok Chaturvedi, Chairman and Managing Director of UFlex, said, ”Our performance during this quarter was quite good, particularly in the packaging films and solutions division. The PET chips plant in Panipat, India, which commenced operations in March 2024, reached 65 percent of its capacity in the first quarter. The global market is starting to have a positive shift in the need for packaging films.”
Strategic Focus on Sustainability and Expansion
UFlex remains focused on post-consumer sustainable practices by investing in PCR flexible packaging. The company demonstrates its sense of social responsibility by actively creating new, environmentally-friendly, flexible MLP and PCR solutions.
In the long term, UFlex seeks to accomplish multiple milestones in FY25 which include constructing a virgin PET chips plant with a capacity of 216,000 MTPA in Egypt, and an 18,000 MTPA CPP line in Mexico. These initiatives will substantially enhance the corporation’s revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA), thereby creating additional value for the company’s shareholders over time.
Investments in Renewable Energy
To further UFlex’s sustainability objectives, the company has executed a long-term Power Purchase Agreement with Onevolt Energy Private Limited for renewable energy to support its manufacturing plants located in Noida-NCR. Also, an agreement with Amplus Phoenix Private Limited for the supply of solar energy to its packaging films plant located in Dharwad, Karnataka, is projected to offset carbon emissions by 19,000 tCO2e.
Mr. Rajesh Bhatia, Group CFO of UFlex remarked, “The Company’s aseptic packaging business achieved the highest quarterly production and sales volume in history. Following the debottlenecking in our Sanand plant, we expect strong volume growth from Q4 FY25 onwards. This backward integration strategies along with deployment of our PET chips plants will increase self-sufficiency in raw material supply.”
Continued Growth and Innovation
UFlex Total Net Revenue continues to spend heavily research and development in an effort to keep up in the ever-evolving world of packaging. Employing a culturally diverse staff of over 10,000 people, the company produces and offers innovative and sustainable packaging products to customers around the globe. The advanced manufacturing facilities of UFlex located in India, UAE, Mexico, Egypt, USA, Poland, Russia, Nigeria, and Hungary enable the company to cater to more than 150 countries and serve Fortune 500 customers.
