Huhtamaki India Q2 Net Profit Up 75% to ₹437.3 Crore; Revenue Rises
Huhtamaki India Ltd. reported robust Q2 FY27 results with total revenue from operations about ₹7.5 billion and a net profit of ₹437.3 million (₹43.73 crore), marking strong year‑on‑year growth. The company’s quarterly revenue rose 23.1% year‑on‑year, while six‑month consolidated revenue stood around ₹1,363.12 crore, up roughly 11.5% from a year earlier. Standalone Q2 net profit jumped about 70.8% to ₹43.73 crore from ₹24.94 crore in the prior year, and H1 standalone net profit reached ₹69.33 crore, up from ₹51.09 crore; EBIT margin for the quarter was about 8.5%, with H1 EBIT before exceptional items reflecting solid improvement. Management attributes the gains to volume growth, improved product mix, and pricing pass‑through that offset raw material cost inflation, though an depreciation adjustment of ₹8.8 crore (₹88 million) was recognized to correct earlier accounting for asset depreciation. The company also noted an upgrade in its long‑term credit rating to CRISIL AA-/Stable, underscoring a stronger financial footing amid ongoing sector volatility, and referenced strategic moves like the Khopoli captive solar project and a continued shift toward high‑value sustainable packaging offerings. Overall, Huhtamaki India’s quarterly performance illustrates disciplined cost control, operational efficiency, and a focus on value‑added packaging solutions to sustain growth.
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