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Company details

6M Return 5.12%
1Y Return 53.47%
Mkt Cap.(Cr) 2,264.15
Volume 145,115
Div Yield 0.67%
OI Chg %
Volume 145,115

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Containers & Packaging company Huhtamaki India announced Q3CY23 results:

Financial Performance

1. Revenue: Huhtamaki India Limited reported a decrease in net sales of Rs 6,442.9 million for Q3CY23, compared to the corresponding period of last year. However, sales for Q3 have shown a 6% increase compared to the previous quarter.

2. EBIT: The company reported EBIT before exceptional items at Rs 379.2 million for Q3CY23, which represents a significant ten-fold increase compared to the corresponding period of last year.

3. Net Profit: Despite the decrease in net sales, Huhtamaki India Limited managed to significantly add to its bottom line during Q3CY23, reflecting effective cost control and commercial actions.

Strategic Focus

1. Sustainable Packaging: Huhtamaki India Limited is committed to reimagining packaging for a better world. The company's range of sustainable packaging products, driven by technology and operational excellence, is aligned with its customers' sustainability goals.

2. Customer-centric Approach: Huhtamaki India Limited aims to provide innovative and high-quality packaging solutions to its customers. The company focuses on meeting customer needs, ensuring product safety, and promoting accessibility and affordability.

Forward-Looking Statements

1. Growth and Expansion: The company remains focused on its strategic growth plans. Huhtamaki India Limited aims to continue driving revenue growth, optimizing production processes, and expanding its market presence.

2. Sustainability: Huhtamaki India Limited is committed to embedding sustainability in everything it does. The company aims to further enhance its sustainable packaging solutions, contribute to waste reduction, and address environmental concerns.

Dhananjay Salunkhe, Managing Director of Huhtamaki India, stated, "Even though the Company continued to witness erosion in the Top Line in Q3, partly because of strategic positioning, we were able to add significantly to the bottom line during the quarter and the entire 2023. While there have been challenges in the Business Environment, commercial actions, and intensified cost-out initiatives started a few quarters back are now impacting the Results, which is apparent from the Company's financial performance.

Our ambition is to reimagine packaging for a better world, encouraging our customers and end users to adopt sustainable packaging. Therefore we are introducing 'Huhtamaki Blueloop’ as our enterprise-wide brand that covers our range of sustainable packaging products driven by technology and operational excellence. This helps align our vital goal of sustainability with our customer's sustainability goals as well."



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Huhtamaki India Ltd Stocks COMPARISION


Equity Capital: 756.96 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38

Huhtamaki India Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Huhtamaki India Ltd. is an Indian multinational company engaged in the business of flexible packaging and labelling solutions. It was founded in 1935 in Lahore. It operates in 38 countries and 114 locations around the world, with its global head office in Espoo, Finland. In India, the registered office is in Mumbai. The company’s quarterly standalone net sales in June 2022 were Rs 792.67 crore, up 19.62% year-on-year from the June 2021 quarter. On 31 October 2022, Huhtamaki India Ltd.’s market capitalisation stood at Rs 1,649 crore.

    The company is listed on the Bombay Stock Exchange with the code 509820, and on the National Stock Exchange with the code HUHTAMAKI.

    Huhtamaki India Ltd. is a part of Huhtamaki Oyj, a global food packaging major based in Finland. It has 18 manufacturing sites and five customer support centres. The comprehensive portfolio of flexible packaging solutions includes barrier and recyclable laminates, thermoforms, 5- and 6-panel pouches, tube laminates and digitally printed laminates for pack personalisation. The tube laminates are designed for segments like skin care, oral care, food, pharma, and other non-food items.

    The company’s shareholding pattern on 30 June 2022 indicated 67.73% promoter holding, 3.85% foreign institutional investor holding, 0.44% domestic institutional investor holding, and 27.97% public holding. The promoter share belongs to Huhtavefa B V. In the June 2022 quarter, promoter holdings and mutual fund holdings did not change, but FII holdings decreased from 4.23% to 3.85%.

    Mr Murali Sivaraman is the company’s chairman. The other board of directors include Mr Sami Pauni, Mr Dhananjay Salunkhe, Mr Jagdish Agarwal, Mr Ashok Kumar Barat, Mr Marco Hilty, Mr Stefan Lotz, and Ms Seema Modi. B S R & Co. LLP are its auditors. As of 30 June 2022, the company had a total of 7.55 crore shares outstanding.

    On 31 October 2022, Huhtamaki India Ltd.’s share price closed at Rs 219 on BSE and at Rs 218.35 on NSE. The 52-week low share price was Rs 148.40, and the 52-week high share price was Rs 255. The six-month return for investors was 16.09%, with a dividend yield of 0.46%.

    At the end of the June 2022 quarter, the number of mutual fund schemes remained unchanged at 4. UTI-MNC Fund had a 0.22% stake in the company.


    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

12A-06 B Wing 13th Flr C-38/39, Bandra Kurla Complex Bandra(E), Mumbai, Maharashtra, 400051

Tel : 91-22-61740400/26531310
Email : investor.communication:pplpack.com
Website : http://www.huhtamaki.com

TSR Consultants P Ltd

AGM Date (Month) : May
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 509820
Book Closure Date (Month) : Jun
BSE Group : B
ISIN : INE275B01026

FAQ’s on Huhtamaki India Ltd Shares

You can buy Huhtamaki India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Huhtamaki India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 03:56 PM the closing price of Huhtamaki India Ltd was ₹ 299.80.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 03:56 PM, the market cap of Huhtamaki India Ltd stood at ₹ 2,264.15.

The latest PE ratio of Huhtamaki India Ltd as of Dec 01, 2023 03:56 PM is 22.49

The latest PB ratio of Huhtamaki India Ltd as of Dec 01, 2023 03:56 PM is 0.35

The 52-week high of Huhtamaki India Ltd is ₹ 323.65 while the 52-week low is ₹ 186.85

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