Strong demand in flexible packaging space led growth in Q2: UFlex

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UFlex Q2 revenues rose 19 percent while absolute EBITDA increased by 69 percent in the second quarter of fiscal 2021. This has resulted in margins of around 21 percent while driving a 136 percent increase in the company’s profitability.

Speaking to CNBC-TV18, Rajesh Bhatia, Group President (Finance & Accounts) & CFO of UFlex said that packaging growth has been strong due to demand in flexible packaging space.

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