Mold-Tek Q1 sales top ₹300 cr, pharma packs leap 39%
Net sales rose 25% YoY to ₹300.45 cr, operating profit per kg hit a record ₹46.68, and the new pharma packaging vertical saw volumes jump 38.75%.
— 3 earlier stories on Mold-Tek Packaging Ltd. →What's new
- Net sales hit a record ₹300.45 cr, up 25% YoY.
- Operating profit per kg rose to an all-time high of ₹46.68.
- Pharma packaging volumes surged 38.75% YoY; new capacity added.
Why this matters
OP/kg at a record confirms profitability is improving. The pharma vertical is gaining traction, diversifying away from paints. Lube disruption from the Iran war and paints' moderate 10.82% growth temper the quarter.
What we're watching
- Sustained pharma volume growth trajectory.
- Any update on Iran war impact on lube segment.
- Whether OP/kg can hold above ₹46 as utilisation normalises.
The full read
Mold-Tek Packaging posted a strong Q1, with net sales crossing ₹300 crore for the first time. Operating profit per kilogram hit a record ₹46.68, driven by higher utilisation and the consolidation of five Hyderabad units into two larger plants. The pharma packaging vertical, a new focus area, saw volumes jump 38.75%, and the company added machines at Sultanpur to cater to growing demand. Food/FMCG packs grew 26% and paints 10.82%. The only blemish: lube packs fell due to supply disruptions at customer sites caused by the Iran war. The quarter confirms the positive profitability trend, but with no guidance upgrade or surprise, it is consistent with the disclosed trajectory. The next test is whether the pharma momentum can sustain and how quickly the lube segment recovers.
Questions answered
- What drove the record operating profit per kilogram?
- Higher capacity utilisation and the consolidation of five Hyderabad units into two large plants improved efficiencies, pushing OP/kg to ₹46.68.
- How did the pharma packaging division perform?
- Pharma packaging volumes surged 38.75% year-on-year, aided by additional moulding and assembly machines installed at the Sultanpur facility.
- Why did lube packs decline?
- Lube packs were lower due to supply disruptions at customer sites caused by the Iran war, though the company did not quantify the impact.
- Is the paints segment still a drag?
- Paints volume grew 10.82% YoY — moderate compared to pharma's 38.75%, but not a drag. The segment remains a steady contributor.
- What new capacity was added in Q1?
- The company installed additional moulding and assembly machines for pharma and eight injection-moulding machines for food packs at its Sultanpur facility.
- Is the company on track for its profitability trend?
- The record OP/kg of ₹46.68 suggests profitability is improving, though the press release did not provide formal guidance or an upgrade.
Mold-Tek Packaging Ltd.
Latest quarter · Mar 2022
Strength & growth
Story so far
All notes on MOLDTKPAC →- 27 Jul 2026 · 2:26 PM IST Mold-Tek Q1 sales top ₹300 cr, pharma packs leap 39%
- 1d ago Mold-Tek posts record ₹46.7/kg EBITDA; lube volumes drop 17%
- 1d ago Mold-Tek logs record ₹46.68/kg EBITDA in Q1, pharma packs lead growth
- 1d ago Mold-Tek crosses ₹300 cr sales, EBITDA per kg hits record ₹46.68