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Capital & Financial Markets 30 Jun 2026

Huhtamaki India lifts quarterly sales 23% to INR 723 crore

Huhtamaki India, the Indian listed arm of Huhtamaki, reported net sales of INR 723 crore for the quarter ended 30 June 2026, up 23.1% year on year, with pricing, volume and product mix contributing in roughly equal measure. First-half EBITDA margin widened 2.2 percentage points year on year to 10.5% and first-half earnings per share rose 36% to INR 9.18. Management said commodity cost increases linked to Middle East supply disruption were passed through under index-linked contracts, and the company holds nil net debt.

Why this mattersFull pass-through of raw material inflation without losing volume shows converters in Asia retaining pricing power as resin costs move with geopolitical supply risk.

  • Net sales rose 23.1% year on year to INR 723 crore in the quarter ended 30 June 2026
  • First-half EBITDA margin widened 2.2 percentage points year on year to 10.5%
  • First-half earnings per share rose 36% to INR 9.18, after a one-time depreciation charge of INR 8.8 crore in the prior quarter
  • The company holds nil net debt, with INR 270 crore in bank balances, INR 125 crore in liquid mutual funds and INR 427 crore of unused fund-based limits
  • Exports account for about 30% of sales volume, shipped to Southeast Asia, Africa, Europe and the Americas
  • A solar captive power plant due online in the third quarter is expected to supply nearly 50% of power at the Khopoli plant
Huhtamaki
Sources scanx.trade
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-09-18 · Edited before publication: The source's profit before tax of INR 559 crore cannot coexist with net sales of INR 723 crore at a 10.5% EBITDA margin, so that figure and the EPS growth tied to it are removed as unreliable. Headline also mixed the Q2 sales figure with the H1 margin; recast to lead on the verifiable sales number.