Linc Ltd Targets Robust Growth Amid Digital Shift
Despite facing challenges from digitalization, Linc Ltd aims for 15-20% growth annually. With Rs 550 crore revenue, the pen maker plans expansion through joint ventures in Japan, Turkey, and Korea, with an operating profitability of 11%. The company is also increasing manufacturing capabilities in West Bengal and Gujarat.
- Country:
- India
Amidst the digital wave impacting the writing instruments domain, Linc Ltd is setting ambitious growth targets of 15-20% compound annual growth rate (CAGR) over the next five years, the company's senior official announced.
Presently, the Kolkata-headquartered firm boasts a revenue close to Rs 550 crore, maintaining its EBITDA at 11%. Managing Director Deepak Jalan highlighted that despite a competitive market and digitalization posing challenges, there is potential to boost profitability.
The company maintains three joint ventures with partners in Japan, Turkey, and Korea, alongside a majority stake in a Kenyan entity, driving international growth. Linc exports to 50 countries, with a notable presence in Africa, and continues to invest in capacity expansion and modernization within India, underscoring its commitment to growth and innovation in the sector.
(With inputs from agencies.)
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