Piramal Glass Limited (PGL), a leading global manufacturer of glass containers for the cosmetics, perfumery, specialty food, beverage and pharmaceutical industry, has recorded a significant jump of 78.97% in its net profit to Rs 315 million compared to Rs 176 million in the same period the previous year. For the same period, sales increased by 14% from Rs 2.78 billion to reach Rs 3.17 billion.

Commenting on the company’s performance and future growth strategies, Vijay Shah, Managing Director says: “Our investment strategies of the last few years are bearing fruits and our focus on the high margin ‘premium’ cosmetics and perfumery segment has led to the improvement. We expect our cosmetics and perfumery premium segment to grow by 28-30%.”