TCPL Packaging profit rises 15.6% to Rs247cr in Q4 results
According to news reports, TCPL Packaging Ltd., which is India’s prominent sustainable solutions company has managed to gain a profit of 15.6% in income as announced in its financial results for the quarter and year ended 31st March, 2021.
The company witnessed faster return to normalcy across industries such as FMCG and food & beverage. In addition, improving volumes along with better cost management enabled them to close the year with strong EBITDA margins of 15%.
The leading packaging solutions firm plans to outperform their underlying industries owing to their focused approach towards growth through diversification. It remains our endeavor to continue on this growth path by enhancing our product portfolio & customer base, while strengthening our relationship with existing customers.
As India emerges as a key global manufacturing hub, the company believes the organised packaging industry such as the sustainable paperboard-based carton and flexible packaging segments, is well positioned to create tremendous value for all stakeholders in the future.