In an interview with a TV Channel, A. S. Mehta, President, JK Paper said that India is going to be the fastest growing paper market with a growth around 6 percent to 7 percent.
August 1, 2017
Q1 of FY 18 has been quite prolific for JK Paper, when it recorded a strong jump in profits. Despite of GST, uncertainty in the market and resistance from traders, JK Paper has been able to seal a top line growth by 5 percent. On asked what led to this strong performance by JK Paper, Mr. Mehta was quoted as saying, “On this quarter, our operating profit has gone up by almost INR 43 Cr compared to the last year. Our market has contributed almost 40-50 percent of the incremental EBITDA. We have added variety of value added product and that has given a better realization and better profit.
Answering how he foresees the growth outlook of the Indian paper industry, he said, “As far as the paper industry and the growth outlook is concerned, India is going to be the fastest growing paper market. The Indian paper industry will see a growth of something around 6-7 percent and we have always been saying that we will outperform the industry growth. Our growth has to be better than the industry growth. So this is on the growth and the top line part. We will continue to keep our focus on the value added product and the new product development.”
“As far as the operations are concerned, we are one of the lowest cost producers today and our effort will continue on the better operating efficiencies to improve upon the operating margin further, he added.”
