Huhtamaki India Q2 net profit rises 75% to ₹437.3 million
Huhtamaki India Limited reported a 75.3% YoY increase in Q2 net profit to ₹437.3 million, driven by volume growth and efficiency. Revenue rose 23.1% to ₹7,286 million, with EBIT margin expanding to 8.5%. H1 revenue grew 11.6% to ₹13,222.3 million, with net profit reaching ₹693.3 million.
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Huhtamaki India Limited reported a 75.3% year-on-year increase in standalone net profit to ₹437.3 million for the quarter ended June 30, 2026, driven by robust volume growth and operational efficiency gains. Revenue from operations for the quarter rose 23.1% to ₹7,286 million from ₹5,919.4 million in the corresponding period of the previous year. The company’s EBIT margin expanded to 8.5%, with EBIT before exceptional items reaching ₹622 million, marking a 71.8% increase compared to the same quarter last year.
Q2 Standalone Financial Performance
The board approved the unaudited financial results for the second quarter and six months ended June 30, 2026, on July 21, 2026. The following table summarizes the key financial metrics for the quarter:
| Metric | Quarter ended 30.06.2026 | Quarter ended 30.06.2025 |
|---|---|---|
| Revenue from Operations | ₹7,286.0 million | ₹5,919.4 million |
| Total Income | ₹7,513.2 million | ₹6,189.1 million |
| Total Expenses | ₹6,925.3 million | ₹5,857.9 million |
| Profit Before Tax | ₹587.9 million | ₹334.0 million |
| Net Profit | ₹437.3 million | ₹249.4 million |
| EBIT Margin | 8.5% | 5.6% |
Operational Highlights and Adjustments
The strong performance was supported by volume leverage, an improved product mix, and the pass-through of higher pricing to mitigate raw material cost inflation. However, the results included an additional depreciation charge of ₹88 million relating to FY 2024 and FY 2025. This adjustment was necessary to rectify an error where depreciation for certain assets was erroneously calculated on the Written Down Value (WDV) basis instead of the Straight Line Method (SLM). Consequently, the deferred tax charge for the quarter was lower by ₹22 million.
Half-Year Performance
For the half year ended June 30, 2026, Huhtamaki India reported revenue of ₹13,222.3 million, an 11.6% increase from ₹11,849.8 million in the previous year. Net profit for the period stood at ₹693.3 million, up from ₹510.9 million. EBIT before exceptional items for the half year increased 37.5% to ₹1,007 million. The statutory auditors, B S R & Co. LLP, issued an unmodified review report on the financial results.
Can Huhtamaki India sustain the current volume growth trajectory amid potential economic slowdowns?
How will the shift to the Straight Line Method for depreciation impact future cash flows and capital allocation?
What are the company's strategies to manage raw material cost inflation beyond pricing pass-throughs?
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