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