Huhtamaki India share price & results

Huhtamaki India Limited· Capital Goods· Industrials

Results to: Jun 2026
Latest analysed call: Q1 FY27
Ownership as of: Sept 2026

Manufactures flexible packaging, labels and printing cylinders across 10 Indian plants for FMCG brands.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	750 ₹ crore	+22.5% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	10.0 %	+3.0 pts YoY	Operating profit / revenue	Quarter to Jun 2026	For the quarter; a change is in percentage points.
Net profit	44.0 ₹ crore	+76.0% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.
Return on equity	Unavailable	+0.2 ptsFY Dec 2015 vs FY Dec 2014	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	−0.7 ptsFY Dec 2014 vs FY Dec 2013	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	+53.5 ptsFY Dec 2015 vs FY Dec 2014	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 5 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.

Huhtamaki India Limited management guidance track record on Inve: 9 targets tracked across analysed earnings calls (3 achieved, 2 missed, 4 open).

Target	Original wording	Said	Latest call	Verdict
Volume Growth	at least grow with the industry or the market	Q3 CY25	Q1 FY27:Management reported 'high single digit' volume growth, which is ahead of their stated market growth expectation of 3-5%. This indicates the company is now growing with or ahead of the market. Call transcript, Q1 FY27 · 27 Jul 2026	Achieved
SBTi targets signing	In 2025, we are expected to sign the SBTi targets	Q2 CY25	Q1 FY27:The target to sign in 2025 was missed. No update provided on any future plans to sign. Call transcript, Q1 FY27 · 27 Jul 2026	Missed
Sales from Blueloop products as % of total	100% sales from the blueloop... by 2030	Q1 CY25	Q1 FY27:Market adoption for Blueloop is still below 30%. Management notes higher costs and selling prices, aiming to maintain margins, which reinforces the adoption challenge. Call transcript, Q1 FY27 · 27 Jul 2026	At Risk

Source: Inve Guidance Tracker for Huhtamaki India Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Huhtamaki India Limited's 9 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 6 more targets are in the full ledger.

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See the full record

Price

₹191.31 −11.51% · −₹24.88

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −27.8% 1Y

1Y: ₹265.14 on 24 Oct 2025 → ₹191.31. High ₹318.68 (24 Jul 2026), low ₹149.9 (30 Mar 2026).

Previous close: ₹216.19
Market cap: ₹1.4k Cr
52-week range: ₹149.9 – ₹318.68
One year: −26.43%

Overview

Symbol: NSE:HUHTAMAKI
Sector: Capital Goods
Industry: Industrials
Exchange: NSE
Currency: INR

What Huhtamaki India Limited does

Based on the company's own presentations, annual report and earnings calls.

Huhtamaki India makes flexible packaging in reel-laminate and pre-made pouch formats, pressure-sensitive and specialty labels, and laser-engraved printing cylinders, serving food, beverage, home and personal care, pet food and healthcare/pharma brands. It is the Indian subsidiary of Finland's Huhtamaki Oyj, drawing on the parent's global flexible-packaging network, material science and technology platforms such as the blueloop mono-material recyclable range. The company operates a multi-site manufacturing footprint across India and exports to a wide international customer base.

Segments

Flexible Packaging
Labels
Cylinders

Manufacturing plants (India): 10
Export reach: 70+ countries
Manufacturing locations: Sri City (Andhra Pradesh), Rudrapur (Uttarakhand), Guwahati (Assam), Silvassa (Dadra & Nagar Haveli), Taloja and Ambernath (Maharashtra), Khopoli, Baddi, and Bengaluru (two units, Karnataka)
Product lines: Flexible packaging (reel laminates, pre-made pouches), pressure-sensitive and specialty labels, laser-engraved printing cylinders
Core end-markets served: Food, beverages, home and personal care, pet food, and healthcare/pharmaceutical packaging
Parent company: Huhtamäki Oyj (Finland) — global packaging group with over 100 years of history, organised into Foodservice Packaging, North America, Flexible Packaging and Fiber Packaging segments

Founded 1950Headquarters Thane, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27: −1.9%; 27 Jul
Q4 FY26: −1.8%; 13 May
Q3 FY26: −2.8%; 13 Feb

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Guidance

What management said, and what became of it

3 of 5 judged targets kept · 4 open · verdicts reflect calls analysed to Q1 FY27.

Huhtamaki India Limited management guidance track record on Inve: 9 targets tracked across analysed earnings calls (3 achieved, 2 missed, 4 open).

Target	Original wording	Said	Latest call	Verdict
Volume Growth	at least grow with the industry or the market	Q3 CY25	Q1 FY27:Management reported 'high single digit' volume growth, which is ahead of their stated market growth expectation of 3-5%. This indicates the company is now growing with or ahead of the market. Call transcript, Q1 FY27 · 27 Jul 2026	Achieved
SBTi targets signing	In 2025, we are expected to sign the SBTi targets	Q2 CY25	Q1 FY27:The target to sign in 2025 was missed. No update provided on any future plans to sign. Call transcript, Q1 FY27 · 27 Jul 2026	Missed
Sales from Blueloop products as % of total	100% sales from the blueloop... by 2030	Q1 CY25	Q1 FY27:Market adoption for Blueloop is still below 30%. Management notes higher costs and selling prices, aiming to maintain margins, which reinforces the adoption challenge. Call transcript, Q1 FY27 · 27 Jul 2026	At Risk

Source: Inve Guidance Tracker for Huhtamaki India Limited · to Q1 FY27

The full ledger

Open Huhtamaki India Limited’s full ledger

A free account opens 5 company ledgers a month. All 9 tracked commitments, with each call’s wording and source.

Browse the register

Latest analysed call: Q1 FY27, 27 Jul 2026. 6 calls analysed.

Call summaries

Q1 FY27 — 27 Jul 2026

Huhtamaki India Limited Q2 CY '26

Huhtamaki India Limited reported a strong Q2 CY '26, with net sales up 23.1% to INR 723 crores and PBT growing 77% YoY. This performance was fueled by a balanced contribution from pricing, volume, and product mix, leading to a notable EBITDA margin expansion to 10.5%. Despite challenges from geopolitical tensions and raw material volatility, the company maintained a robust financial position with nil net debt and focused on profitable growth and sustainability initiatives.

Read the full call

Q4 FY26 — 13 May 2026

Huhtamaki India Q1 CY26

Huhtamaki India reported a mixed Q1 CY26, with net sales up 10 bps and EBITDA growing 24.8% YoY, driven by a focus on higher-value business and operational efficiency. However, a one-off INR 88 million charge for prior-year depreciation errors impacted EBIT and overall profit, which saw a 2% decline YoY. The company highlighted strong progress in sustainability initiatives and effective raw material cost pass-through.

Read the full call

Q3 FY26 — 13 Feb 2026

Huhtamaki India Q4 CY25

Huhtamaki India reported a strong financial performance for Q4 and full year 2025, driven by significant profit growth and improved operational efficiencies, despite a slight decline in volumes. The company emphasized its strategic focus on profitable growth, capital discipline, and accountability, alongside notable progress in sustainability. Management addressed concerns regarding stagnant top-line growth and high charges from the parent, outlining plans for organic growth and continued operational improvements.

Read the full call

Summaries of each call, in Inve’s own words; the transcript is not reproduced. Not investment advice.

Every analysed call

Huhtamaki India Limited earnings calls (HUHTAMAKI)

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 4 fiscal years held (Dec 2012 to Dec 2015).

Dec 2012 Dec 2013 Dec 2014 Dec 2015
64.00 days 70.00 days 73.00 days 75.00 days

How it is calculated. Reported receivable days from the annual accounts.
Dec 2012 Dec 2013 Dec 2014 Dec 2015
52.00 days 45.00 days 41.00 days 42.00 days

How it is calculated. Reported inventory days, using material cost / cost of goods sold.
Dec 2012 Dec 2013 Dec 2014 Dec 2015
75.00 days 72.00 days 73.00 days 77.00 days

How it is calculated. Reported payable days, using material cost / cost of goods sold.
Dec 2012 Dec 2013 Dec 2014 Dec 2015
41.00 days 43.00 days 42.00 days 40.00 days

How it is calculated. Reported debtor days plus inventory days less payable days.
Dec 2012 Dec 2013 Dec 2014 Dec 2015
29.00 days 40.00 days 38.00 days 19.00 days

How it is calculated. Reported net working capital days from the annual accounts.
Dec 2012 Dec 2013 Dec 2014 Dec 2015
36.00% 31.00% 31.00% 26.00%

How it is calculated. Reported dividend payout as a percentage of annual profit.
Dec 2012 Dec 2013 Dec 2014 Dec 2015
— — — —

How it is calculated. Market capitalisation from the current stock record.

Dec 2012	Dec 2013	Dec 2014	Dec 2015
64.00 days	70.00 days	73.00 days	75.00 days

Dec 2012	Dec 2013	Dec 2014	Dec 2015
52.00 days	45.00 days	41.00 days	42.00 days

Dec 2012	Dec 2013	Dec 2014	Dec 2015
75.00 days	72.00 days	73.00 days	77.00 days

Dec 2012	Dec 2013	Dec 2014	Dec 2015
41.00 days	43.00 days	42.00 days	40.00 days

Dec 2012	Dec 2013	Dec 2014	Dec 2015
29.00 days	40.00 days	38.00 days	19.00 days

Dec 2012	Dec 2013	Dec 2014	Dec 2015
36.00%	31.00%	31.00%	26.00%

Dec 2012	Dec 2013	Dec 2014	Dec 2015
—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +76% (quarter to jun 2026 against jun 2025).

In ₹ crore. Oldest period first.

Line item	Sept 2024	Dec 2024	Mar 2025	Jun 2025	Sept 2025	Dec 2025	Mar 2026	Jun 2026
Sales	652	619	610	612	625	623	613	750
Expenses	634	593	571	570	569	568	573	675
Operating profit	18	26	39	43	55	54	40	75
Operating margin	2.8%	4.2%	6.0%	7.0%	9.0%	9.0%	7.0%	10.0%
Other income	15	6	12	7	9	8	22	1
Interest	5	3	3	3	3	8	4	3
Depreciation	12	14	13	13	13	14	24	14
Profit before tax	16	15	35	33	49	41	35	59
Tax rate	26.0%	23.0%	25.0%	25.0%	25.0%	26.0%	27.0%	26.0%
Net profit	12	12	26	25	37	30	26	44
EPS (₹ per share)	1.55	1.55	3.46	3.30	4.87	4.01	3.39	5.79

Source: Inve data · income statement, quarterly · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Dec 2014	Dec 2015	Dec 2016	Dec 2023	Dec 2024	Dec 2025
Sales	1,225	2,037	2,178	2,550	2,520	2,470
Expenses	1,106	1,805	1,930	2,355	2,403	2,278
Operating profit	120	232	247	195	117	191
Other income	16	14	17	385	65	36
Interest	4	41	34	31	18	17
Depreciation	44	91	91	50	48	53
Profit before tax	88	116	140	499	117	158
Net profit	68	78	89	408	89	118

Source: Inve data · income statement, annual · to Dec 2025

In ₹ crore. Oldest period first.

Line item	Dec 2022	Dec 2023	Dec 2024	Jun 2025	Dec 2025	Jun 2026
Equity capital	15	15	15	15	15	15
Reserves	742	1,135	1,178	1,215	1,278	1,334
Borrowings	410	255	149	149	144	145
Other liabilities	584	596	595	594	567	722
Total liabilities	1,751	2,001	1,937	1,973	2,004	2,216
Fixed assets	479	483	598	619	604	600
Capital work in progress	35	131	40	31	35	8
Investments	0	80	151	125	194	128
Other assets	1,237	1,307	1,148	1,197	1,171	1,479
Total assets	1,751	2,001	1,937	1,973	2,004	2,216

Source: Inve data · balance sheet · to Jun 2026

In ₹ crore. Oldest period first.

Line item	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	169	-28	133	274	142	238
Cash from investing	-73	-56	-90	40	-77	-156
Cash from financing	-74	49	-32	-211	-161	-36
Net cash flow	22	-35	11	102	-96	46
Free cash flow	126	-104	41	182	81	184

Source: Inve data · cash flow · to Dec 2025

In days and %. Oldest period first.

Line item	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Debtor days	79	88	81	79	83	82
Inventory days	52	68	50	57	52	46
Days payable	93	112	80	98	100	102
Cash conversion cycle	38	43	51	37	35	26
Working capital days	29	34	34	41	41	39
Return on capital employed	14.0%	2.0%	7.0%	12.0%	7.0%	12.0%
Dividend payout	24.0%	−33.0%	30.0%	9.0%	17.0%	13.0%

Source: Inve data · annual ratios · to Dec 2025

Ownership

Who owns it

Promoters hold 67.73% as of Sept 2026; institutions added 0.55 pts since Jun 2026.

Promoters 0.00 pts 67.73%
Foreign institutions +1.01 pts 1.67%
Domestic institutions −0.46 pts 0.57%
Public −0.55 pts 30.03%

34,130 shareholders on the register.

Source: Exchange shareholding filings · to Sept 2026 · 8 filings held

Who was buying across the market this quarter

Who bought this quarter

since Jun 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

newly disclosed 2.86% held
newly disclosed 1.70% held

The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2026 filing

Every holder of Huhtamaki India Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.

Holder	Stake	Change
	67.73%	unchanged
	2.86%	newly disclosed
	1.70%	newly disclosed
	—	off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in HUHTAMAKI

Filings to Sep 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds: ₹0 Cr; 1 schemes
Biggest holder: HDFC Retirement Fund - Hybrid-Debt Plan; ₹0 Cr · 0.3% of that fund

Scheme	Holding	Last month	Held since
HDFC Retirement Fund - Hybrid-Debt Plan HDFC Mutual Fund	₹0 Cr	held	Aug '26

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Sep 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on: -27%; vs est. average cost
Held by funds: ₹0 Cr; 1 schemes · ≈ 0.02% of the company

Shares held by these funds −95%

Oct '25 15,000 shares Sep '26

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Performance −27.8% 1Y

What Huhtamaki India Limited does

How the price took the results

Q1 FY27 — 27 Jul 2026

Q4 FY26 — 13 May 2026

Q3 FY26 — 13 Feb 2026

What the price assumes

Who bought this quarter

Who is on the register

Mutual funds in HUHTAMAKI

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