Wednesday, October 1, 2025
Financial ReportsMold-Tek Packaging achieves 5.8% growth in net sales

Mold-Tek Packaging achieves 5.8% growth in net sales

-

Mold-Tek Packaging achieves 5.8% growth in net sales

-

Mold-Tek Packaging, a leading supplier of rigid packaging, reported a 5.8% increase in net sales for the first quarter (Q1) of the financial year 2025 (FY25), reaching Rs 1.96 billion (USD 23.46 million), up from Rs 1.85 billion in the same period of FY24. Specializing in injection-molded rigid plastic packaging, the company also noted a 7.53% rise in sales volume to 9,894 tonnes in Q1 FY25.

Despite the growth in sales volume, Mold-Tek Packaging faced a decline in profitability. Profit before tax dropped by 10.40% to Rs 221.90 million for the quarter ending June 30, 2024, primarily due to increased depreciation and finance costs. Similarly, net profit fell by 11.76% to Rs 165.3 million compared to Rs 187.3 million in the corresponding period last year.

However, compared to Q4 FY24, net sales surged by 11.22%, accompanied by a 9.07% increase in sales volume to 9,894t. This growth was driven by the food and fast-moving consumer goods (FMCG) packaging sector, which saw an 11.79% rise in volume, followed by the paints sector at 8.03%, and lubricants at 7.38%. The pharmaceutical packaging division also contributed significantly to the overall sales volume increase.

Quarterly profit before tax and net profit for Q1 FY25 declined by 6% from Rs236.0 million in Q4 FY24 and by 8% from Rs179.7 million, respectively.

Mold-Tek Packaging operates 12 manufacturing units and two stock points across India, boasting an injection-molding capacity exceeding 50,000 tonnes per annum. Earlier this year, the company expanded its production capacity with a new unit in Haryana, India.

NewsDesk
NewsDesk
The editorial team of The Packman who handle all the press releases with Sunil Jain working as the desk editor.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest news

Siegwerk, Borouge, and TPN Food Packaging launch recyclable mono-material packaging solution

Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications and labels; Borouge, a...

Sonipat’s Shree Jee Printers invests in new Komori

A complete house of printing, Sonipat (Haryana)-based Shree Jee Printers serves clients considerably in the publishing and packaging segments....

Morris Packaging and UFlex forge strategic partnership to deliver sustainable woven bag series

Morris Packaging and UFlex Packaging have announced a new partnership in the woven bag series that further strengthens their...

PPL Nigeria – an Indian story beyond boundaries

Established in 2011, Perfect Packaging – the brainchild of Yudhviram Solanki, with the distinction of being the first manufacturer...
- Advertisement -spot_img

London Packaging Week partners with Vital Hardware

London Packaging Week has partnered with charity Vital Hardware in its continuing mission to uplift and shine a spotlight...

Indian buyer invests in Wanjie India’s label press at Labelexpo Europe 2025

At Labelexpo Europe 2025 held at Barcelona in Spain, Wanjie India marked a remarkable presence alongside its parent company...

Must read

ACTEGA celebrates 2023 successes and looks ahead to 2024

ACTEGA, manufacturer of specialty coatings, inks, adhesives, sealants and...

Megabound secures dozen deals at Bharat Print Expo 2025

Bengaluru-based Megabound, a leading manufacturer of hard-case solutions for...

You might also likeRELATED
Recommended to you