'Net sales
(including other operating income) of Plastiblends India has increased 8.13% to
Rs 211.58 crore. Domestic markets
witnessed low double digit volume growth. There was subdued demand for plastic
and polymer in Q1. After urban markets, now rural markets are showing signs of
revival, driven by increased consumer spending and heightened business activity.
Export markets have witnessed remarkably high double digit volume growth.
To meet the
increase in demand of Black Masterbatch, the company had augmented black
capacity in last financial year which is getting utilized at optimum level. The
company is contemplating augmentation of further capacity in black as well as
other families.
The company
is currently exploring additional solar capacity on rooftop as well as ground
mounted up to 6000 KWP (existing rooftop solar capacity is 1420 KWP).
Operating
profit margin has jumped from 6.71% to 7.71%, leading to 24.30% r...
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