Geojit: Mold-Tek Packaging - Growth Outlook Remains Intact Post Q1

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Geojit Research Report.Mold-Tek Packaging Ltd. is a leading manufacturer and supplier of high quality airtight and pilfer proof containers/pails in India for paints, lubricants, food and fast moving consumer goods (FMCG).Q1 FY21 revenue and profitability declined by 44% and 86% on account of lockdown. Volumes from food and FMCG segment were not impacted due to pent demand from FMCG sector.Starting from June, overall demand situation has improved drastically staring from June and expects revenue growth to normalise by H2 FY21E.Revenue and profitability will be driven by capacity expansion, new products, higher in-mold sales, backward integration and rising share of FMCG in revenue mix will be margin accretive. Ramp-up of volumes from new plants and strong clients addition in FMCG segment will drive growth..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Geojit: Mold-Tek Packaging - Growth Outlook Remains Intact Post Q1

Geojit: Mold-Tek Packaging - Growth Outlook Remains Intact Post Q1

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