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.
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Huhtamaki India share price as on 16 Sep 2024 is Rs. 390.4. Over the past 6 months, the Huhtamaki India share price has increased by 32.34% and in the last one year, it has increased by 50.21%. The 52-week low for Huhtamaki India share price was Rs. 248.05 and 52-week high was Rs. 451.85.
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