Huhtamaki India Limited announced its unaudited financial results for Q1 2026 (quarter ended March 31, 2026), reporting net sales of Rs. 5,936 million. The company delivered improved margins, with EBITDA rising 24.8% year-on-year to Rs. 620.8 million. The performance was driven by a favourable sales mix, improved operational efficiencies, and higher net interest income, partially offset by one-off non-recurring charges and a prior-period depreciation adjustment. In addition, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has released its investor presentation for Q1 2026, coinciding with the earnings conference call held on May 13, 2026 at 03.30 p.m. (IST). The presentation is available on the company's official website at https://www.flexibles.huhtamaki.in/ .

Q1 2026 Financial Performance

The company's key financial metrics for Q1 2026 are summarised below:

Net sales for the quarter stood at Rs. 5,936 million, 10 bps higher than the corresponding period last year. Total revenue from operations came in at Rs. 6,131.0 million, compared to Rs. 6,099.3 million in Q1 2025. Q1 2026 net sales were up +10 bps versus the prior year as pricing and mix gains offset slightly lower volumes, in line with the company's focus on selective participation. Higher year-on-year EBITDA and EBIT were contributed by favourable sales mix, operational efficiencies, and higher interest income, partially offset by one-off non-recurring charges.

Detailed Financial Results

The following table presents the detailed unaudited financial results for the quarter ended March 31, 2026 (Rs. in Millions):

A notable item in Q1 2026 is an additional depreciation charge of Rs. 88 million relating to FY 2024 and FY 2025. During those two years, depreciation for certain assets was erroneously calculated on Written Down Value (WDV) basis instead of the company's stated policy of Straight Line Method (SLM). This issue was identified in Q1 2026, and following a quantitative and qualitative assessment, management concluded the amounts were not material to the results of the respective years. Accordingly, the entire additional depreciation charge of Rs. 88 million has been recognised in Q1 2026. Consequent to this adjustment, the deferred tax charge for Q1 2026 is lower by Rs. 22 million.

Quarterly Net Sales Trend

The following table presents net sales across recent quarters (MINR):

The quarterly trend reflects stable net sales performance, with Q1 2026 broadly in line with prior quarters. EBIT and EBIT margin trends across the same period are presented below:

* Excluding exceptional item
# Excluding prior period depreciation impact

Segment Performance

Huhtamaki India operates through a single segment — Consumer Packaging. The segment-wise performance for the quarter ended March 31, 2026 is as follows (Rs. in Millions):

During Q1 2026, the company also subscribed to 28% of the equity share capital equivalent to Rs. 27.6 million in a Special Purpose Vehicle, AMPIN Energy C&I Twenty-Five Private Limited, on February 10, 2026, to comply with requirements of the Electricity Act 2003 for generating and utilising electricity through captive solar power projects.

Sustainability Highlights

The investor presentation also outlined key sustainability developments across Huhtamaki India's operations. On the safety front, Total Recordable Injuries (TRI) were reduced by 67% year-on-year, supported by focused risk awareness, standardisation, safe behaviour, and best practice sharing. A formal agreement for the development of a solar captive electricity project at the Khopoli plant was executed, with the project expected to go live in H2 2026. Several Huhtamaki India plants — including Khopoli, Rudrapur, and Silvassa — continue to hold Zero Liquid Discharge (ZLD) status, eliminating liquid waste by treating and reusing water on-site. The company also made further progress on reducing solvent consumption across all sites, improving worker health and safety and reducing VOC emissions, alongside increasing adoption of post-consumer recycled (PCR) materials for non-food product lines.

Reporting Schedule and Earnings Call

The earnings conference call for Q1 2026 was held on May 13, 2026 at 03.30 p.m. (IST), and the audio recording has been made available pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The upcoming financial results reporting schedule is as follows:

The investor presentation and earnings call disclosure were signed by Abhijaat Sinha, Company Secretary & Legal Counsel of Huhtamaki India Limited. The presentation is also accessible via the company's investor relations contact at investor.communication@huhtamaki.com .

Huhtamaki India Limited held its 76th Annual General Meeting (AGM) on Friday, May 8, 2026, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), with the meeting commencing at 2:30 p.m. and concluding at 4:31 p.m. All six resolutions placed before the members were passed with the requisite majority, as confirmed by the scrutinizer's report submitted by S. N. Ananthasubramanian & Co., Company Secretaries. The meeting was chaired by Mr. Murali Sivaraman, and was attended by the full Board of Directors, Chief Financial Officer, and representatives of the statutory and secretarial auditors.

Meeting Overview

The AGM was convened to discuss various statutory and business matters, including the adoption of financial statements for the financial year ended December 31, 2025. A total of 36,550 shareholders were registered as of the cut-off date of May 1, 2026. Of these, 55 members attended through Video Conferencing — 1 from the Promoter and Promoter Group and 54 from the public. The remote e-voting facility was provided by the National Securities Depository Limited (NSDL), with the voting window open from May 5, 2026, to May 7, 2026. A total of 34,253 members were registered via email. Additionally, 21 members had registered their interest for speaking and asking questions, sharing their views on the company's performance and business during the meeting.

Mr. Kamal Taneja, Managing Director, and Mr. Amit Gupta, Chief Financial Officer, made a presentation to the members on the company's performance during the Financial Year 2025. The Chairman, along with the Managing Director and CFO, responded to questions raised by members and noted their suggestions and comments.

Resolution Results

The resolutions presented at the AGM covered financial approvals, director appointments, and auditor remuneration. Shareholders approved a dividend of Re.2/- per equity share (100%) on equity shares. The voting pattern indicated strong shareholder approval across the board, with assent votes consistently exceeding 99.9% for all items. The detailed voting figures for each resolution are summarized below.

Voting Summary

Key Appointments and Approvals

Shareholders voted to re-appoint Mr. Axel Glade, who retires by rotation, as a Non-Executive Director. The company also received approval through special resolutions for the appointment of Ms. Ramya Mohan and Mr. Vinit Mahadevan as Directors and Whole-time Directors of the company. The dividend of Re.2/- per equity share (100%) on equity shares was declared through an ordinary resolution. Additionally, the remuneration payable to the Cost Auditors for the financial year ending December 31, 2026, was ratified. The results have been disseminated to the National Stock Exchange of India Limited (NSE) and BSE Limited, and are available on the company's website.