Epack Durable

Company targets 45-50% revenue growth this year

The company has commenced production of washing machines and plans to begin sales in October

#EPACK #StockMarket

📊 𝗘𝗣𝗔𝗖𝗞 𝗗𝗨𝗥𝗔𝗕𝗟𝗘 𝗟𝗜𝗠𝗜𝗧𝗘𝗗 | #EPACK
📌 𝗜𝗡𝗦𝗜𝗚𝗛𝗧: EPACK Durable Ltd. incorporated a wholly-owned subsidiary, EPACK Manufacturing Technologies Pvt. Ltd., with ₹100,000 authorized capital. This subsidiary will manufacture home appliances for Hisense, boosting EPACK's growth. No acquisition cost is mentioned.

ICICI securities also Initiating Coverage on #EPACK Durable with Buy target of 555 Rs. 🎯

Epack is shifting gears for rapid growth, packed for durable performance on demand tailwinds and business diversification.

According to the Nomura Research, AC penetration in India is very low in comparison to the global average. It appears that there is a very huge demand of AC's ahead for the next some years.

Focus on AC stocks:

#Epack Durable
#PGEL
#Amber

🟢 Epack Durable Product Launch and Capacity Expansion

Company has launched a new product Washing Machine

Capacity - 6,00,000 units per annum

Investment - Rs. 50 CR and this will be funded with internal accruals.

This is in line with the management commentary given in Q3 concall.

#epack

#EPACK DURABLE ; Panasonic aims for double-digit growth in current fiscal, FY25 turnover nearly Rs 11,500 crore.

"We have crossed a potential Rs 11,000 crore on a significant profit exceeding Rs 1,100 crore.