UFLEX Limited — Updates, 14-11-2024: Press Release

**Financial Highlights:** UFlex Limited reported a consolidated net revenue of Rs 38,532 million for Q2 FY25, reflecting a 4.6% QoQ and a robust 13.7% YoY increase. Normalized EBITDA reached Rs 4,383 million, with a margin of 11.4%, while profit after tax stood at Rs 377 million, an impressive 80.7% YoY growth. The company achieved strong sales volume growth across its packaging films, increasing 10.9% YoY and 5.9% QoQ, driven by rising demand in both domestic and international markets.

**Strategic Initiatives and Growth Drivers:** UFlex is expanding its aseptic packaging capabilities with a new facility in Egypt, set to produce 12 billion carton packs annually by FY26. This strategic investment aligns with the company's focus on sustainability and innovation, adding to its overall production capacity.

**Business Developments:** The launch of the SpeedPlus25K aseptic filling machine has enhanced UFlex's ability to cater to high-volume clients globally, complementing the company's existing operations.

**Market Position and Competitive Advantage:** UFlex continues to solidify its leadership in the flexible packaging sector, with notable growth in packaging films across regions, especially in the Americas and Europe, thanks to a strong focus on value-added products.

**Investor Implications:** The positive growth trajectory, enhanced operational efficiencies, and strategic capacity expansions position UFlex for continued revenue growth in FY25, making it a stock to watch closely for potential upside in market valuation.