Manjushree Technopack eyes acquisitions as it seeks tripling revenue in 4 years

Rigid plastics packaging major Manjushree Technopack Ltd (MTL) expects acquisitions to play a significant role as it seeks to triple revenue and profit in the next four years, according to a top company official.

The company, which ended last fiscal with revenue of over Rs 1,100 crore and EBIDTA of Rs 220 crore, expects to have "a couple of more acquisitions in the next one year" adding to the takeover of an Amritsar-based firm last quarter.

"We will triple revenue and EBIDTA in the next four years. Almost Rs 1,000 crore will come come through inorganic growth," MTL CEO Sanjay Kapote told PTI.

He further said, "We have acquired a company last quarter. We will be doing couple of more (acquisitions) in next one year....still the target identification and the process is on."
Asked how much of revenue contribution is expected from the Silvassa unit, Kapote said,"We expect around Rs 200 crore of revenue to be added once all phases are completed."