West Coast Paper Reports Healthy Growth Outlook - Papermart
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West Coast Paper Reports Healthy Growth Outlook

In Q1FY23, West Coast reported a rise in profit and income which is backed by good operational performance. Segment-wise, the packaging paper segment has performed exceptionally well.

October 6, 2022

West Coast
Image Source: West Coast Paper Mills

West Coast Paper Mills Ltd. has been exhibiting a strong and healthy growth outlook with strong earnings in the month of August – as per news reports.. As per its stock market performance, the paper manufacturer’s stock price has more than doubled and soared by 137 percent.

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The rise in profit is backed by strong operational performance. On a sequential basis, the net profit of West Coast Paper grew by 49 percent. The paper manufacturer, which offers a diversified range of products, has recently increased its presence across the writing & printing segment, security and high-value grade paper, creating a niche for the company.

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Among its segments, the packaging segment has registered a surge in demand that’s driven by e-commerce, food service, FMCG, and the pharmaceutical sector. Notably, the demand is further expected to grow by 11-15 percent on a year-on-year basis in the current FY. Additionally, the new education policy is also likely to boost the demand for segments like creamwove and maplitho paper grades.

Also Read: West Coast Paper Mills Ltd.: In Process of Developing New Paper Packaging Products

In 2019, WCPM acquired a majority stake of 72.2 percent in Andhra Paper Ltd. (APL), making the former the fifth-largest paper manufacturer in India, with an integrated production capacity of 568,000 metric tonne per annum (MTPA).