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

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

FMCG and food packaging containers manufactured by Mold Tech Packaging Ltd. (image: Company Website)
FMCG and food packaging containers manufactured by Mold Tech Packaging Ltd. (image: Company Website)

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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:

Geojit Mold Teck Packaging Ltd Q1 FY 21 Result Update.pdf

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