Whalesbook
ICICI Securities has released a research report on EPL Limited, maintaining a BUY rating. The company demonstrated impressive performance with personal care tubes revenue growing 19.9% year-on-year and oral care returning to growth at 3.4% year-on-year. This was achieved despite challenges in India and Europe. EPL is confident about its double-digit revenue growth prospects, supported by a strong order book and successful greenfield expansion in Brazil, with further expansion planned in Thailand. While European margins saw a transient slip, the company has retained its mid-teens guidance.