Piramal Glass is a global leader in delivering world-class packaging solutions for the perfumery and pharmaceuticals businesses. It offer an entire gamut of flacconage solutions under one umbrella, making us a one-stop-shop for all the needs of our customers. It end-to-end flacconage solutions include full bottle design capabilities, in-house mould design, CNC machines for mould manufacturing, high quality glass manufacturing and dedicated ancillaries for decoration and accessories like caps, cartons and brushes
Piramal Glass, after adjusting for M-T-M forex losses of about Rs 133mn (60% of total forex loss in Q4FY12), PGL results were in line with our expectations on all counts. PGL reported revenue growth of 22.8% yoy to Rs 4.0bn led by strong growth of 31% in SF&B segment and 21% yoy growth in C&P segment. Pharma segment also witnessed growth of 11% yoy during the quarter.