Uflex reported a steady Q1 numbers with improvement in margins and profits.
In an interview to CNBC-TV18, RK Jain, Group President-Finance of Uflex discussed the company's Q1 performance.
We are targeting much higher numbers in this year. We expect topline growth of 15-18 percent and profit growth of 20 percent in FY18, said Jain.
He further said that Sanand plant is commissioned and process has started, so this will also help in increasing the overall topline and bottomline.
According to him, Sanand plant capacity utilisation will improve going forward.
Current utilisation in films business is 85 percent while packaging is 75 percent, he added.
He expects revenue to flow from Sanand plant in 90-120 days from now.
Watch accompanying video for more details.
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