TCPL Packaging Management Meet Update - Focus On New Segments To Drive Future Growth: ICICI Direct

"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..ICICI Direct Report.We met the management of TCPL Packaging Ltd. to get an insight into its business and future plans. TCPL is one of the leading players among the paperboard–based packaging solutions providers in India. It also entered the flexible packaging solutions in FY17 to drive revenue growth and leverage its established folding cartons customer base. In December 2021, the company acquired majority stake in rigid box manufacturer ‘Creative Offset Printers Pvt. Ltd.’ to venture into rigid box manufacturing. Revenue, earnings grew at compound annual growth rate of 9%, 19%, respectively, in FY18-21.It sees ~two times revenues in the non-paperboard packaging business (~15% of revenue in FY21) supported by capacity expansion and client additions..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 author entity 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."

TCPL Packaging Management Meet Update - Focus On New Segments To Drive Future Growth: ICICI Direct