Factual
Essel Propack nets Rs 4,117 mn profit in Q3
NEW DELHI: The Subhash Chandra-promoted Essel Propack Limited, world’s largest laminated tubes manufacturer, registered sales of Rs 4,117 million for the nine months period ended September 2003. The net profit
stood at Rs 513 million, signifying a growth of 7 per cent.
The consolidated global sales reflect a healthy growth of 16.3 per cent, compared to the corresponding period of the previous year. The sales have increased largely due to the impact of new operations in the USA, growth in China market and the improvement of operations in Colombia, the company has said in a statement today.
The third quarter ended September 2003 recorded a growth of 7 per cent in net profit compared to the second quarter of this year.
The increase in net profit was achieved not withstanding the marginal decline of 3.4 per cent in the net sales. This was due to a slow down in the Chinese local customers’ off-take and the planned relocation of a key customer’s manufacturing plant from Shanghai to Hefei during Q3 of 2003.
Essel Propack is confident of regaining the lost volumes in fourth quarter, the company said, adding the results need to be viewed in the light of the “continued low growth of the FMCG sector in India and the unsustainable low prices offered by the competition.”
The growth in the overseas revenues denominated in US$ gets translated into lower rupee growth due to the strengthening of Indian rupee.
The statement said the company has strengthened its relationships with the key customers in India. The volumes in China will continue to be on the growth path in the future.
Essel Propack’s new laminate manufacturing unit in China has reached stabilisation phase in its quality, the company has already rolled out the laminate from China to the USA, and Latin markets. The full effect of this will be felt in the year 2004, the company said.
Essel Propack, the largest specialty packaging company, is promoted by Essel Group, which also has some other companies under its fold like Zee Telefilms and ASC Enterprises.
Essel Propack, headquartered in India, provides packaging solutions to toothpaste, pharmaceuticals, cosmetics, and Industrial sectors all over the world.
The company has manufacturing operations in 11countries across the globe. Essel Propack Limited’s stock is listed on the stock exchanges of Mumbai, Ahmedabad, Delhi and the National Stock Exchange.
Factual
National Geographic launches ‘Postcards from Hong Kong’ with Ridhi Dogra
New series explores the city’s hidden gems and vibrant contrasts, premiering 28 March.
MUMBAI: Ridhi Dogra just sent a postcard from Hong Kong that’s worth framing because when a bustling metropolis reveals its quiet trails and timeless traditions, even the skyline takes a back seat. National Geographic has unveiled Postcards from Hong Kong, a refreshing travel series hosted and curated by actor Ridhi Dogra. Produced by National Geographic Creative Works in collaboration with the Hong Kong Tourism Board, the show offers an intimate, Indian traveller’s perspective on one of Asia’s most iconic cities, moving beyond its glittering harbour and skyscrapers to uncover serene beaches, scenic hiking trails and deep cultural traditions.
Across three visually rich episodes, Ridhi journeys through contrasting sides of Hong Kong. The first episode takes her on a quieter path of self-discovery to places like Sai Kung, Big Wave Bay, Dragon’s Back, Tai O, Ngong Ping, Po Lin Monastery and the Tian Tan Buddha. The second episode dives into the city’s energetic side, from the bustling streets of Causeway Bay to Happy Valley Racecourse, Michelin-starred spots and luxury shopping at Landmark.
Ridhi Dogra said, “Being part of Postcards from Hong Kong with Nat Geo was a deeply enriching experience. What I love about this journey is that it goes beyond the obvious; it’s not just about the skyline or the speed of the city but about the stories that live in its quieter corners.”
A National Geographic India spokesperson added, “With Postcards from Hong Kong, we set out to go beyond the familiar and explore the city through a more intimate, human lens.”
Hong Kong Tourism Board director of South Asia Puneet Kumar noted, “Postcards from Hong Kong is a reflection of meaningful storytelling that brings the city to life in an immersive way. It beautifully captures the diversity and spirit that define Hong Kong.”
Blending travel, culture and personal storytelling, the series celebrates Hong Kong as a city of contrasts where modern life meets tradition and every corner holds a story waiting to be discovered. It premieres on 28 March at 8 pm on the National Geographic Channel and will also stream on JioHotstar.
In a world of hurried travel reels, Postcards from Hong Kong slows things down just enough to let viewers truly see the city not just its lights, but its layers, proving that the best souvenirs are the stories you bring home.
