Focus on Pentonic brand helps Linc Pen & Plastics Limited to grow its third quarter revenue
Kolkata/IBNS: Linc Pen & Plastics Ltd, an Indian writing instruments brand, reported Rs. 7,347 lakhs as its domestic revenue for the third quarter of the financial year 2020, up 19.8 per cent from the same quarter of the previous year.
In Q3 FY19, the company had reported Rs. 6,259 lakhs.
In this fiscal year, according to the company, it focused largely on its ‘Pentonic’ brand.
As a result, 19.5 per cent of its domestic revenues in Q3 FY20 (nine month contribution amounted to 13.9 per cent) was contributed by the ‘Pentonic’ brand
On the exports front, Linc focused on increasing its penetration in the existing markets, in the quarter under review, according to the company.
Linc generated Rs. 2,323 lakhs from exports in Q3 FY20 compared to Rs.1,881 lakhs in Q2 FY20, up almosy 23.5 per cent quarter over quarter.
Linc generated Rs. 2,323 lakhs from exports inQ3 FY20 compared to Rs. 2,342 lakhs in the same quarter of the previous year.
Deepak Jalan, Managing Director, Linc Pen & Plastics Ltd. said, “I am pleased to inform that we registered a y-o-y growth of 12.4 per cent in our overall top line in Q3 FY20 compared to Q3 FY19. We recorded a whopping 198.8 per cent y-o-y growth in our bottom line in Q3 FY20, compared to Q3 FY 2018-19. We strengthened our EBITDA margin by 390 bps y-o-y in Q3 FY20 , compared to Q3 FY19. The company invested of Rs. 249 lakhs (Rs. 863 lakhs in nine months of FY20) in branding and advertisement in the quarter under review, compared to Rs. 56 lakhs (Rs.156 lakhs in nine months of FY19) in Q3 FY19. I am fairly optimistic of the next quarter on the back of a strong demand in Q4 coupled with an increasing proportion of value added products in our portfolio.”
Linc Pen & Plastics Limited is present across 50 countries, including India.
It is listed on NSE, BSE and CSE.
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