Berry Global and Kanpur Plastipack have both reported growth in their latest quarterly earnings.
Berry Global has recorded a 2 per cent year-on-year growth in its first quarter results for fiscal year 2025, with net sales reaching $2.4 billion.
The packaging manufacturer also reported a 2 per cent organic volume growth, contributing to an operating income of $152 million and earnings per share of $0.69.
The company is in the process of merging with Amcor in a deal that is expected to finalise in the first half of 2025. The combined entity is projected to generate significant revenue, positioning both companies as leaders in sustainable packaging.
The two companies manufacture cartons, closures and containers for food, beverage, pharmaceutical, medical, home and personal care across a combined 140-plus countries.
Berry’s first-quarter performance in was bolstered by strategic initiatives, including the successful spin-off of its health, hygiene and specialties segment, which was completed and merged with Glatfelter.
Meanwhile, Kanpur Plastipack has reported a sharp increase in profit before tax in the third quarter of fiscal year 2024-25 compared with the same period last year.
Headquartered in Uttar Pradesh, India, the company’s net sales grew 30 per cent year-on-year, to Rs164.01 crore ($19.7m), up from Rs125.96 crore ($14.9m) in the third-quarter of the previous fiscal year.
Kanpur Plastipack specialises in cast PP films and flexible intermediate bulk containers. It exports to more than 40 countries.
