BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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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