Q3 2024 Pakka Limited Earnings Call Transcript
Key Points
- Pakka Ltd (BOM:516030) has shown significant growth in its compostable business, with a 26% increase in revenue compared to the previous quarter.
- The company has initiated strategic partnerships and tie-ups for both food services and flexible-based materials, with commitments for off-takes already in place.
- Pakka Ltd (BOM:516030) is expanding its Ayodhya site with a turnover potential of $250 million by 2025 and aggressively working on its North America operations facility in Guatemala with a turnover potential of $750 million.
- The company has been recognized as a noteworthy water-efficient unit by CIA for the third consecutive year.
- Pakka Ltd (BOM:516030) has launched new products, including a 22 GSM wrap and new compostable molded products under the flagship brand Chuk, contributing to its growth and innovation.
- The paper segment has seen a consistent fall in revenues, dropping from INR102 crore in December 2022 to INR86 crore in the current quarter.
- The company faced headwinds from market conditions, including a slowdown in FMCG and international markets, impacting overall performance.
- There was a planned shutdown in the quarter, resulting in a loss of about 10 days of production, which affected turnover.
- Pakka Ltd (BOM:516030) has experienced delays in securing outsourced partnerships for its molded products, affecting its ability to meet demand.
- The company has set ambitious targets but has struggled to meet them, with projections falling short of the initially stated goals, leading to potential investor concerns.
Hi. Good morning, everybody. Welcome to PQ FY24 [posted] a con call of Pakka Limited. I would like to welcome the management, We have Mr. Ved Krishna, Vice Chairman; Mr. Jagdeep Hira, Managing Director; Mr. Satish ChamyVelumani, Business Head, Compost Tables Division; Mr. Ramji Subramanian, Innovation Head, Ms. Neetika Suryavanshi, CFO; and Mr. Sachin Kumar Srivastava, Company Secretary.
Now, I'd like to hand over to Mr. Ved Krishna for his opening remarks, followed by Q&A. Over to you, sir.
I'll request Pranay to start and bring me in, Pranay, where you need.
Yeah, sure. Good morning, everyone. On behalf of Pakka Limited, I would like to welcome you to the investor call for quarter three of this financial year.
I am Pranay and I'm leading the Brand Efforts here and I would -- like to go through the introduction part of the presentation.
So we start with a short video (multiple speakers)
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