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IDBI Capital Report
Mold-Tek Packaging Ltd.'s Q2 FY21 result was ahead our and consensus estimates on all parameters.
After a sharp decline in sales volume in Q1 FY21, the company has rebounded to its earlier growth trajectory.
Healthy demand from paints/lubricants/food and FMCG led to net sales growth, while prudent cost control and higher share of food and FMCG in total sales aided Ebitda margin improvement.
Net sales increased by 4% YoY to Rs 1,191 million, while Ebitda came in at Rs 258 million, higher by 27% YoY.
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