Essel Propack frozen in 10% upper circuit on 49% jump in Q2 net profit

Ebitda margin increased by 270 bps year on year to 20.9 per cent in September quarter, driven by favorable mix shift and productivity improvement.

Shares of Essel Propack were locked in the upper circuit of 10 per cent at Rs 128 on the BSE after the EBITDA (earnings before interest, tax, depreciation and amortisation) margin increased by 270 bps year on year (YoY) to 20.9 per cent in the September quarter (Q2FY20), driven by favorable mix shift and productivity improvement.

The margin expansion -- led by higher revenue share from the personal care category (46 per cent vs 42 per cent YoY) -- and the cost efficiency measures initiated by the new management team of Blackstone supported the growth.

The company’s revenue