UFlex Q4 FY25 revenue rises 10.8% YoY to US$467M

INDIA – UFlex Ltd, India’s largest multinational flexible packaging company, reported a robust financial recovery for the fourth quarter and full year ended March 31, 2025, supported by increased sales volumes, optimized pricing strategies, and enhanced operational efficiencies across key global markets.

The company’s Q4 FY25 consolidated revenue reached ₹3,873.8 crore (US$467m), reflecting a 10.8% year-on-year growth from ₹3,496.7 crore (US$421m) in Q4 FY24.

For the full fiscal year, revenue climbed to ₹15,183.8 crore (US$1.83bn), up 12.4% from ₹13,509.8 crore (US$1.63bn) in FY24.

The company’s packaging films division remained the primary growth engine, contributing 77.7% of total sales volume, while the packaging segment accounted for 22.3%.

Overall sales volume rose to 647,499 metric tonnes, an 8.0% increase YoY, indicating strong demand across both segments.

Normalised EBITDA for Q4 FY25 stood at ₹478.2 crore (US$57.6m), up 5.1% from ₹455 crore (US$54.8m) in the same quarter last year.

For the full year, EBITDA rose 18.1% to ₹1,902.4 crore (US$229.2m), up from ₹1,610.3 crore (US$194m) in FY24. The EBITDA margin improved to 12.5%, compared to 11.9% in the previous year.

Net profit for Q4 FY25, after exceptional items, came in at ₹168.6 crore (US$20.3m), reversing a net loss of ₹270.9 crore (US$32.6m) in Q4 FY24.

This turnaround was partly driven by a ₹70 crore (US$8.4m) exchange gain, compared to a currency-related loss of ₹389.7 crore (US$47m) last year.

However, quarterly PAT declined to ₹98.6 crore (US$11.9m) from ₹118.8 crore (US$14.3m) due to increased depreciation and interest expenses.

For FY25, normalized PAT rose 77.5% to ₹320.1 crore (US$38.6m), up from ₹180.3 crore (US$22m) in FY24.

Chairman and Managing Director Ashok Chaturvedi commented, “FY25 was a landmark year for UFlex, marked by strategic global expansion and a greater push toward sustainable solutions and recycling.

“We achieved strong revenue and operational EBITDA growth while intensifying our focus on sustainable innovation and expanding recycling infrastructure.”

Global capacity utilization improved to 83.1%, up from 78.9% in FY24. India contributed 46.1% of total revenue, with the remainder coming from the Americas, Europe, and MEA regions.

Notably, UFlex recycled over 800 million PET bottles and 8,200 metric tonnes of multi-layer plastic waste during the year, reinforcing its commitment to circular economy practices.

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