UFlex May Be Turning Into a Circular Packaging Play

is usually viewed as a conventional flexible packaging company. The more interesting change is happening underneath that label. Q1 FY27 revenue rose 37.6% YoY, while PAT jumped 629% to ₹423 crore. But beyond the headline numbers, UFlex is expanding into recycling and sustainable packaging, with its PET and multilayer plastic recycling capacity coming online alongside its existing packaging business. That creates an unusual combination: packaging demand + recycling + global manufacturing capacity. If regulation increasingly pushes FMCG companies toward recycled content, UFlex could sit at an interesting intersection of both the packaging and circular-economy themes. UFlex is worth watching closely.