Huhtamaki India LimitedQ1 FY27 Results & Financial Update
Huhtamaki India Limited: Q1 FY27 standalone results and company financials – revenue ₹750.02 Cr, PAT ₹43.73 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Huhtamaki India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Huhtamaki India Limited registered robust revenue expansion for the quarter ended June 30, 2026, driven by a healthy combination of underlying volume growth and strategic price pass-throughs implemented to absorb raw material inflation.
Management noted that net sales reached Rs. 7,286 million (expressed in normalized financial terms as standalone revenue of Rs. 750.02 crore), representing a 23.1% increase compared to the corresponding period of the previous year.
Operating profitability expanded significantly, with EBITDA rising by 55.1% year-on-year to reach Rs. 764.4 million, lifting the EBITDA margin to 10.5% from 8.3% in the year-ago period.
EBIT before exceptional items climbed 71.8% year-on-year to Rs. 621.6 million, translating into an improved EBIT margin of 8.5% compared to 6.1% previously, supported by strong volume leverage, favorable product mix shifts, and internal operational efficiency gains.
The bottom line growth absorbed the impact of certain non-recurring charges and ongoing geopolitical challenges affecting international supply chains and commodity prices.
Balance sheet strength remained intact with net debt remaining at nil, supported by healthy cash generation, liquid mutual fund investments, and substantial unutilized banking credit lines.
01 · Business model
What does Huhtamaki India do?
Huhtamaki India Limited is a subsidiary of Finland-headquartered Huhtamäki Oyj, specializing in innovative and sustainable packaging solutions designed to protect on-the-go and on-the-shelf food, beverages, and personal care products.
The company operates an extensive manufacturing footprint across India with 10 production facilities, supported by a workforce of approximately 2,500 employees dedicated to ensuring product hygiene, safety, accessibility, affordability, and the prevention of food waste.
Its core economic model centers on converting raw flexible packaging substrates into value-added laminates, labels, and specialized packaging formats for fast-moving consumer goods brands, leveraging volume scale and operational efficiencies to offset commodity cost fluctuations.
02 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹750.02 Cr |
| Total income | ₹751.32 Cr |
| Profit before tax | ₹58.79 Cr |
| Profit after tax | ₹43.73 Cr |
| EPS | ₹5.79 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 5.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 7.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹1.30 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Net sales grew by 23.1% year-on-year to Rs. 7,286 million, propelled by a balanced combination of volume expansion and pricing adjustments designed to counteract raw material cost inflation arising from Middle East supply disruptions.
Demand momentum was supported by consistent off-take in core food, beverage, and personal care packaging lines, bolstered by improved product mix strategies.
What drove margins
EBITDA margin expanded by 220 basis points year-on-year to 10.5% (from 8.3%), benefiting from scale advantages and internal productivity enhancements.
04 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Operations are supported by 10 manufacturing facilities spread across India, enabling localized service delivery and supply chain resilience.
05 · Strategy & new businesses
How the company is trying to change its growth mix
The company continues to advance its Huhtamaki Strategy 2030 ambitions, focusing on sustainable packaging, circularity through recycled content, lightweighting, and renewable energy integration.
06 · Reported developments
What changed operationally
Delivered a 23.1% year-on-year increase in net sales alongside a 71.8% increase in EBIT before exceptional items for Q2 2026.
Achieved a 40% reduction in 12-month rolling Total Recordable Injury Rate (TRIR) and advanced Zero Liquid Discharge (ZLD) practices across key plants including Khopoli, Rudrapur, and Silvassa.
07 · Pressure points & risks
What is not going smoothly
Operating working capital expanded during the period due to higher inventory and elevated trade receivables.
08 · Items worth noticing
The line items that can distort a quick read
Financial performance included the impact of a one-time impairment charge and non-recurring depreciation adjustments during the broader half-year period.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Operating working capital stood at Rs. 4,643 million as of June 2026 compared to Rs. 3,051 million at December 2025, impacted primarily by higher inventory levels and increased trade receivables.
The company maintained cash and cash equivalents alongside other bank balances totaling Rs. 2,706 million, with an additional Rs. 1,253 million deployed in liquid mutual funds.
Capital allocation & funding
Net debt remained at nil at the end of Q2 2026, backed by a stable debt-to-equity ratio of 0.1 and unutilized fund-based bank credit limits of Rs. 4,272 million.
10 · Management guidance & targets
What management is targeting from here
Management indicated that financial results for Q3 and the cumulative period ending Q3 2026 are scheduled for release on October 27, 2026.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Renewable Energy and Climate Initiatives
Solar captive generation for the Khopoli facility is scheduled for commissioning in Q3 2026, which will increase the share of renewable electricity consumed by the company.
Reported update
Certifications
Three label manufacturing plants and the Khopoli facility secured FSC certification, reinforcing the company's commitment to traceable and sustainable raw material sourcing.
12 · Key Q&A
The quarter, answered directly
What does Huhtamaki India do?
Huhtamaki India Limited is a subsidiary of Finland-headquartered Huhtamäki Oyj, specializing in innovative and sustainable packaging solutions designed to protect on-the-go and on-the-shelf food, beverages, and personal care products.
What is the clearest takeaway from Q1 FY27?
Huhtamaki India Limited registered robust revenue expansion for the quarter ended June 30, 2026, driven by a healthy combination of underlying volume growth and strategic price pass-throughs implemented to absorb raw material inflation.
What drove revenue or demand?
Net sales grew by 23.1% year-on-year to Rs. 7,286 million, propelled by a balanced combination of volume expansion and pricing adjustments designed to counteract raw material cost inflation arising from Middle East supply disruptions.
What mattered most for margins or profitability?
EBITDA margin expanded by 220 basis points year-on-year to 10.5% (from 8.3%), benefiting from scale advantages and internal productivity enhancements.
What changed operationally beyond the headline numbers?
Operations are supported by 10 manufacturing facilities spread across India, enabling localized service delivery and supply chain resilience.
What is management guiding or targeting from here?
Management indicated that financial results for Q3 and the cumulative period ending Q3 2026 are scheduled for release on October 27, 2026.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Solar Captive Commissioning: Monitor the operationalization of the Khopoli solar captive power installation expected in Q3 2026.
- 02
Working Capital Normalization: Track the realization of trade receivables and inventory turnover to gauge operating cash conversion efficiency in subsequent quarters.
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Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.