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Last Updated : Aug 18, 2017 03:33 PM IST | Source: CNBC-TV18

Expect food & FMCG to grow upto 25-30 percent in next 2-3 years: Mold-Tek Packaging

Mold-Tek Packaging has given returns of about 50 percent. In an interview to CNBC-TV18, Laxman J Rao, CMD of Mold-Tek Packaging spoke about the latest happenings in his company and sector.


Mold-Tek Packaging has given returns of about 50 percent. In an interview to CNBC-TV18, Laxman J Rao, CMD of Mold-Tek Packaging spoke about the latest happenings in his company and sector.

In-mould labelling (IML) continues to be the driver of growth both in fast moving consumer goods (FMCG) and food industries, he said.

He expects to clock double digit growth in topline numbers on year-on-year basis. In Q1, the numbers have reached around 12-14 percent and we hope the full year we will cross 15 percent target that we have set for food and FMCG, he added.

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Expect food and FMCG to grow upto 25-30 percent in the next two-three years, said Rao.

There is a slowdown in the impact of goods and services tax (GST) both in the month of June and July but because of new client addition, we could survive at least flat kind of a growth, he further mentioned.

Expect to see a turnaround from August onwards and if the trend goes on for the next few months, we should be back on growth track, he said.

For full interview, watch accompanying video...

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First Published on Aug 18, 2017 03:33 pm
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