Packaging company Uflex Ltd. will increase its capacity utilisation to more than 50 percent by next year as it looks scale up its packaging business, Chief Financial Officer Rajesh Bhatia said.
Currently, the packaging and film businesses each contribute about 50 percent each to Uflex's overall revenue. Over time, the company expects three-fourth of its revenue to come from the packaging business.
Bhatia the company is comfortable with its current debt levels of around Rs 1,800 crore, with strong operating performance and higher volume growth.
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