Daily BriefsIndia

Daily Brief India: Rajshree Polypack and more

In today’s briefing:

  • RPPL: Strong Earnings Led by Robust Demand and Margin Expansion

RPPL: Strong Earnings Led by Robust Demand and Margin Expansion

By Ankit Agrawal, CFA

  • Q1FY23 earnings came in strong for RPPL led by robust demand and margin expansion. Volumes grew by 23.6% YoY and 24.5% QoQ.
  • Operational EBITDA per kg grew by 25%+ YoY and 36%+ QoQ to INR 37.5+ per kg as the price rise in raw materials was passed on.
  • RPPL has guided for a strong FY23. It can clock a volume of 10500+ MT and EBITDA of INR 35+ per kg, barring any adverse volatility in raw material prices.

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