Mold-Tek Packaging - Multiple Growth Levers At Play: Nirmal Bang
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Nirmal Bang Report
All the key segments of Mold-Tek Packaging Ltd. namely paints, lubes and FMCG and foods have been performing well, backed by strong demand visibility.
Driven by an improved mix and better cost management practices, Mold-Tek Packaging has consistently reported improvement in Ebitda/kg in the last few quarters.
Raw material inflation pass-through has been quite smooth.
Demand from the paints segment continues to remain strong and addition of dedicated facilities for industry majors should provide growth visibility for the next five years.
QR coded In-mould labeling could be an incremental growth driver for lubes going forward.
In FMCG and food, the company is witnessing solid traction across various sub-segments such as ice-creams, chocolates, edible oils and other dairy products etc.
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