One of the India’s largest flexible packaging companies, UFLEX Ltd., reported a 14.4% fall in net sales at Rs.1761 crore for the Mar-20 quarter. For the March quarter, the Net Profit stood at Rs.100.90 crore, a sharp spurt of 43% on a YOY basis. At an operating level, the EBTIDA was up by 4.89% at Rs.276.37 crore.

The flexible packaging industry has shown good traction as most of its demand comes from the FMCG sector and that sector continues to be robust in the midst of the melee. The stock has not corrected despite the difficult situation in the market and that is a sign of the inherent strength of the stock. UFLEX currently quotes at a price of Rs.209.