Paper Sector - Update

Back in June ‘22, we had done a deep dive on the Paper Industry.

We discussed multiple factors that are at play when you look at companies or sectors that have an element of commodity involved in it, which is why it becomes important to stay on toes and be on top of things.

Now cut to Mar ‘23, all paper companies have reported their Q3 results. These are the things that we have found in them:

• Volume growth has come in

• EBITDA margin expansion has taken place

• Some of them are talking about expansion

Now let’s go a little specific: