EPL sees beauty, cosmetics segment as growth driver, lifts revenue guidance
Packaging major EPL Ltd expects its beauty and cosmetics business to emerge as the key growth engine going forward, even as its oral care segment continues to deliver steady growth, said its Global CEO Hemant Bakshi.
EPL sees the growth momentum continuing in July after reporting 25 per cent topline growth in the June quarter, and has raised its revenue guidance for the near term to 16-18 per cent and has retained its margin guidance at 20 per cent.
On the proposed merger of EPL with Indovida, which according to reports will create a consumer packaging major with a combined valuation of around USD 2 billion, Bakshi said the transaction aligns closely with EPL's long-term strategy.
"We want to become a global leader in consumer packaging, focused on emerging markets.
Rather than just being a supplier, we have to become an innovation partner for our customers," Bakshi told PTI in an interview.
EPL (earlier known as Essel Propack Ltd), now promoted by the Blackstone Group through Epsi
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.business-standard.com — the content belongs to Business Standard.
