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
Conference Call with Huhtamaki India Management and Analysts on Q1CY24 Performance and Outlook. Listen to the full earnings transcript.
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