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Huhtamaki India Results: Latest Quarterly Results & Analysis

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Huhtamaki India Ltd. 21 Jul 2026 15:32 PM
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Q2CY26 Quarterly Result Announced for Huhtamaki India Ltd.

Containers & Packaging company Huhtamaki India announced Q2CY26 results

Financial Highlights:

  • Total Revenue from Operations: For Q2CY26, revenue stood at Rs 7,500.2 million, representing a YoY increase of 22.51% from Rs 6,122.3 million in Q2CY25 and a QoQ increase of 22.33% from Rs 6,131.0 million in Q1CY26.
  • Total Income: The total income for Q2CY26 was Rs 7,513.2 million, up 21.40% YoY from Rs 6,189.1 million in Q2CY25 and up 18.28% QoQ from Rs 6,352.2 million in Q1CY26.
  • Profit Before Tax (PBT): For Q2CY26, PBT (after exceptional items) was Rs 587.9 million, showing a growth of 76.02% YoY compared to Rs 334.0 million in Q2CY25 and a growth of 67.78% QoQ from Rs 350.4 million in Q1CY26.
  • Profit After Tax (PAT): The company reported a PAT of Rs 437.3 million for Q2CY26, an increase of 75.34% YoY from Rs 249.4 million in Q2CY25 and 70.82% QoQ from Rs 256.0 million in Q1CY26.
  • Earnings Per Share (EPS): Basic and Diluted EPS for Q2CY26 reached Rs 5.79 (Face Value of Rs 2 each), compared to Rs 3.30 in Q2CY25 and Rs 3.39 in Q1CY26.

Business Highlights:

  • Segment Performance: The company operates primarily in a single reportable segment: Consumer Packaging.
    • Q2CY26 Segment Revenue: Rs 7,500.2 million.
    • Q2CY26 Segment Results: Rs 544.2 million.
  • Operational Drivers: Sales growth in Q2CY26 was supported by strong volume growth and the pass-through of higher pricing to mitigate raw material cost inflation. Profitability benefited from volume leverage and an improved product mix.
  • Financial Adjustments: During Q1CY26, the company recognized an additional depreciation charge of Rs 88 million relating to CY24 and CY25. This was due to an error where certain assets were calculated on a Written Down Value (WDV) basis instead of the company’s policy of Straight Line Method (SLM). This adjustment was partially offset by a lower Deferred Tax charge of Rs 22 million.
  • Strategic Investment: The company subscribed to 28% of the equity share capital (equivalent to Rs 27.6 million) in "AMPIN Energy C&I Twenty-Five Private Limited," a Special Purpose Vehicle, to generate and utilize electricity through captive solar power projects.
  • Asset Management: The company has re-classified leasehold land and building assets with a net book value of Rs 16.2 million and Rs 17.5 million, respectively, as "Assets held for sale" and expects to dispose of them within the next 12 months.

Result PDF

Result PDF

Containers & Packaging company Huhtamaki India announced Q1CY26 results

Financial Highlights:

  • Total Revenue from Operations: Stood at Rs 6,131.0 million in Q1CY26, representing a marginal growth of 0.52% YoY compared to Rs 6,099.3 million in Q1CY25 and a decrease of 1.51% QoQ from Rs 6,225.2 million in Q4CY25.
  • Total Income: Reached Rs 6,352.2 million in Q1CY26, compared to Rs 6,209.5 million in Q1CY25 (up 2.30% YoY) and Rs 6,306.4 million in Q4CY25 (up 0.73% QoQ).
  • Profit Before Tax: Reported at Rs 350.4 million in Q1CY26, showing an increase of 0.92% YoY from Rs 347.2 million in Q1CY25 and a decline of 14.50% QoQ from Rs 409.8 million in Q4CY25.
  • Profit for the Period (PAT): Stood at Rs 256.0 million in Q1CY26, reflecting a 2.10% decrease YoY compared to Rs 261.5 million in Q1CY25 and a 15.51% decrease QoQ from Rs 303.0 million in Q4CY25.
  • Total Comprehensive Income: Stood at Rs 245.1 million in Q1CY26 compared to Rs 262.2 million in Q1CY25 and Rs 288.3 million in Q4CY25.
  • Earnings Per Share (EPS): Basic and Diluted EPS for Q1CY26 was Rs 3.39, compared to Rs 3.46 in Q1CY25 and Rs 4.02 in Q4CY25.

Business Highlights:

  • Depreciation Adjustment: In Q1CY26, the company recognized an additional depreciation charge of Rs 88 million relating to FY 2024 and FY 2025. This correction was due to assets being erroneously calculated on a Written Down Value (WDV) basis instead of the Straight Line Method (SLM).
  • Operational Efficiency: EBIT growth during the quarter was driven by a favorable sales mix and improved operational efficiencies, although partially offset by one-off non-recurring charges.
  • Investment in Clean Energy: On February 10, 2026, the company subscribed to 28% of the equity share capital (Rs 27.6 million) in a Special Purpose Vehicle, "AMPIN Energy C&I Twenty-Five Private Limited," to utilize electricity through captive solar power projects.
  • Asset Reclassification: As of Q4CY25, the company re-classified certain assets (leasehold land and building) with a net book value of Rs 33.7 million as "Assets held for sale," intended for disposal within the next 12 months.

Segment-wise Performance:

  • Consumer Packaging Segment:
    • Revenue: Generated Rs 6,131.0 million in Q1CY26 and Rs 24,694.1 million for the full year FY25.
    • Segment Results: Reported a profit of Rs 277.1 million in Q1CY26 and Rs 1,400.6 million for FY25.
    • Segment Assets: Totaled Rs 17,370.1 million as of March 31, 2026.

Kamal Taneja, Managing Director, said: "In Q1 2026, the company delivered slightly higher sales ( 10 bps vs LY), as pricing and mix gains slightly offset lower volumes, in line with our focus on selective participation. EBIT growth for the quarter was driven by a favourable sales mix, improved operational efficiencies, and higher net interest income, partially offset by one-off non-recurring charges. In line with its global strategy, the company continued to focus on profitable growth, capital discipline, and driving accountability.

Our ambition continues to be the first choice in sustainable packaging solutions in India."

Result PDF

Containers & Packaging company Huhtamaki India announced Q4CY25 results

  • Company reported net sales of Rs 5,991 million which is flat compared to Q4CY25.
  • Company reported EBIT before exceptional item at Rs 486 million which represents a substantial increase of 167% compared to Q4CY25.

Kamal Taneja, Managing Director, said: During Q4 and the FY25 inspite of dip in volumes, the Company has been able to maintain the revenues at almost the same level as the previous year. And despite flat revenues, the Company has delivered a strong bottom line for both Q4 as well as FY25 vs the previous year. This improvement has been achieved through a combination of favourable sales mix and cost efficiency programs across the entire value chain. The Company has a plan in place to address competitiveness and focus on long term profitable growth initiatives. The Company, as always, continues its focus on driving world class operations within its manufacturing network and delivering customer excellence.

As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions.

Result PDF

Containers & Packaging company Huhtamaki India announced Q3CY25 results

  • Company reported net sales of Rs 6,049 million representing a 4.7% decrease compared to Q3CY25.
  • EBIT before exceptional item at Rs 521 million which represents a substantial increase of 172.1% compared to Q3CY25.

Dhananjay Salunkhe, Managing Director, said: During Q3CY25 and 9MCY25, the revenues are almost range bound compared to corresponding periods of the previous year. However, in-spite of the slight dip in sales, the margins have improved significantly for both Q3 as well as the 9-month period vs the corresponding periods of last year. This improvement has been achieved through a combination of favorable sales mix and cost efficiency programs across all value chain. The company has a plan in place to address competitiveness and focus on long term profitable growth initiatives. The Company, as always, continues its focus on driving world class operations within its manufacturing network and delivering customer excellence.

As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions.

Result PDF

Containers & Packaging company Huhtamaki India announced Q2CY25 results

  • Company reported net sales of Rs 5,919 million representing a 4.7% decrease compared to Q2CY25.
  • Company reported EBIT before exceptional item at Rs 362 million which represents an increase of 37.4% compared to Q2CY25.

Dhananjay Salunkhe, Managing Director, said: "During Q2 as well as H1, the Company had slightly lower volumes compared to the corresponding quarter and half year of the previous year which is reflecting in Revenue for the quarter/half year as well. However the EBIT performance has improved moderately to 6.1% of the sales during the quarter and half year compared to 4.2% during Q2CY25 and 5.4 % during H1CY24 reflecting steady operational improvements and supported by favorable sales mix. And the company continues to drive various programs to support the profitability with efficiency improvements.

As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions."

Result PDF

Containers & Packaging company Huhtamaki India announced Q1CY25 results

  • Company reported net sales of Rs 5,930 million which is flat compared to the Q1CY24.
  • Company reported EBIT Rs 371 million during the quarter representing a decrease of 7% compared to Q1CY24.

Dhananjay Salunkhe, Managing Director, said: The Company had a flat start to the year with Revenue for the quarter remaining relatively flat compared to the corresponding period of previous year. EBIT is reflecting a decrease of 7% as compared to corresponding period though improving significantly compared to the trailing quarter. The improvement in margins compared to trailing quarter is driven by better sales mix and operational efficiencies. The Company continues to focus on driving the efficiencies across the manufacturing processes to improve upon the profitability.

As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions.

Result PDF

Containers & Packaging company Huhtamaki India announced Q4CY24 results

  • For Q4CY24, the Company reported net sales of Rs 6,012 million representing 2.7% increase compared to Q4CY23.
  • The Company reported EBIT before exceptional item at Rs 182 million compared to Rs 506 million during the Q4CY23.

Dhananjay Salunkhe, Managing Director, said: During Q4 and CY24, the revenues are almost flat compared to corresponding period of the previous year. However the margins remained under pressure for entire CY24 on account of raw material inflation and sales product mix. The company has a strategy in place to address competitiveness and focus on long term profitable growth initiatives. The Company, as always, continues its focus on driving world class operations within its manufacturing network and delivering customer excellence.

As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions.

Result PDF

Containers & Packaging company Huhtamaki India announced Q3CY24 results

  • Net Sales: Rs 6,347 million, representing a 1.5% decrease compared to the corresponding period Q3CY24.
  • EBIT: Rs 191 million compared to Rs 379 million during the corresponding period Q3CY24.
  • Sales: Rs 18,493 million, representing a 2.5% decrease compared to the corresponding period 9MCY23.
  • EBIT: Rs 853 million compared to Rs 1,104 million during the corresponding period 9MCY23.

Dhananjay Salunkhe, Managing Director, said: During Q3 and the 9 months period ended Sep 2024, the revenues are almost flat compared to corresponding period of the previous year. However for the entire 9-month period ended Sep 2024, the margins remained under pressure because of raw material inflation, supply chain constraints and sales product mix. The company has a strategy in place to address competitiveness and focus on long term profitable growth initiatives. The Company, as always, continues its focus on driving world class operations within its manufacturing network and delivering customer excellence.

Our ambition is to reimagine packaging for a better world, to encourage our customers and end users to adopt sustainable packaging. This aligns our vital sustainability goals with our customers sustainability pledges.

Result PDF

Containers & Packaging company Huhtamaki India announced Q2CY24 & H1FY24 results:

Q2CY24 Financial Highlights:

  • For Q2CY24, the Company reported net sales of Rs 6,209.8 million representing a 2.5% increase compared to the corresponding period of last year.
  • The Company reported EBIT before exceptional item at Rs 263.3 million which represents a decrease of 13.8% compared to the corresponding period of last year.

H1FY24 Financial Highlights:

  • For H1FY24, the Company reported net sales of Rs 12,146.3 million representing a 3.0% decrease compared to the corresponding period of last year.
  • The Company reported EBIT before exceptional item at Rs 661.8 million which represents decrease of 8.7% compared to the corresponding period of last year.

Commenting on the performance, Dhananjay Salunkhe, Managing Director, said: During Q2, the Company had a uptick in the volumes compared to corresponding quarter of the previous year which is reflecting in Revenue for the quarter as well. With respect to H1, while the volumes are almost flat compared to corresponding period of previous year, the revenues are lower by 3% majorly on account of Q1 2024 lag. However during Q2/H1 2024, the margins remained under pressure on account of supply chain constraints and product mix. However the company has a strategy in place to address competitiveness and focus on long term profitable growth initiatives. The Company, as always, continues its focus on driving world class operations within its manufacturing network and delivering customer excellence.

Result PDF

Containers & Packaging company Huhtamaki India announced Q1CY24 results:

Financial Highlights:

  • For Q1 2024, the Company reported net sales of Rs 5,937 million representing an 8% decrease compared to the corresponding period of last year.
  • The Company reported EBIT at Rs 399 million representing a decrease of 5% compared to the corresponding period of last year.

Commenting on the results, Dhananjay Salunkhe, Managing Director, Huhtamaki India said, " The Company had a muted start to the year with Revenue declining by 8% during the quarter YoY majorly attributable to external supply chain factors. However, EBIT %age has increased marginally from 6.5% to 6.7% of sales. During the quarter, the company has commissioned its new blueloop facility within the Silvassa plant which will help provide a fillip in delivering sustainable packaging solutions. The Company continues its focus on driving world class operations within its manufacturing network and delivering customer excellence."

Result PDF

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