Century Pulp and Paper reports 92 percent jump in sales revenue; strong demand in packaging board & Tissue

Strong demand in packaging board and tissue is turning profitable for paper manufactures, manufacturer of a wide range of paper products- Century Pulp and Paper (CPP) has reported an increased sale revenue in the first quarter of FY 21-22. CPP registers a 92 percent jump in net sales in Q 1 FY22 as compared to Q1 FY21 while Business operated at 94% capacity in Q1 FY22 as compared to 57% in Q1 FY21.

Commenting on the Ql FY22 results, JC Laddha Managing Director, Century Textiles and Industries Limited (CTIL) said, The Pulp & Paper business has performed well in the quarter due to strong demand from tissue and board segments.

Considering the present economic environment and the uncertainty over the third wave, the short to medium-term outlook for the Indian paper industry appears to be volatile. WPP will face some challenges till the educational institutions, offices etc, reopen. The Packaging Board segment is likely to see sustained high demand going forward. An increase in tissue per capita consumption is expected due to rising health & hygiene awareness.

Century Pulp and Paper located in Lalkuan, Uttarakhand, manufactures a wide range of paper products including writing and printing paper, tissue paper, paper board and paper & rayon grade pulp. Over the years, it has augmented its capacities by commissioning a prime-grade tissue paper plant along with three sheet-cutting units across the northern and eastern part of India.