BOPET business to remain under pressure for some more quarters to come
From Polyplex Investor Presentation on Q2 FY24 Results:-
Short to Medium term outlook
• Slow recovery in demand is expected in both Industrial and Packaging segments •Reduction in cost –primarily utility in Europe and normalization of freight
• Anticipated weaker global GDP growth along with the supply overhang is expected to continue for some time
•Continued efforts on portfolio expansion, increase in DPAC sales will help support improvement in margins