Huhtamaki India509820Quarterly results
Board approves unaudited Q3 and nine-month results; limited review conclusion unmodified
Side decisions: the company is consolidating its pressure-sensitive label operations and closing a manufacturing facility, with the related costs booked as an exceptional item in Q3.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 7,688.4 | 6,247.3 | +23.1% | 7,500.2 | +2.5% |
| Total income | 7,747.7 | 6,341.3 | +22.2% | 7,513.2 | +3.1% |
| Profit before tax | 394.3 | 491.7 | −19.8% | 587.9 | −32.9% |
| Profit after tax | 297.3 | 367.7 | −19.1% | 437.3 | −32% |
| Total comprehensive income | 295.6 | 350.5 | −15.7% | 459.1 | −35.6% |
| Basic EPS | 3.94 | 4.87 | −19.1% | 5.79 | −32% |
- Profit after tax YoY change
- −19.1%
- Period
- Quarter ended 30.09.2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional item of Rs. 96 million in Q3 2026: accelerated depreciation Rs. 35.7 million and employee settlement accrual Rs. 60.3 million on closing one PS Labels manufacturing facility.
- Q1 2026 depreciation includes additional Rs. 88 million for FY 2024 and FY 2025 (WDV used instead of SLM); deferred tax charge lower by Rs. 22 million.
- Company subscribed 28% equity, Rs. 27.6 million, in SPV AMPIN Energy C&I Twenty-Five Private Limited on February 10, 2026 for captive solar power.
- Company does not have any subsidiary, associate, or joint venture entities.
Huhtamaki India Ltd's board met on October 27, 2026 and approved the unaudited financial results for the third quarter and the nine months ended September 30, 2026. The numbers are standalone — the company states it has no subsidiary, associate or joint venture — so there is no consolidated set to read alongside them.
What the auditor said
- B S R & Co. LLP carried out a limited review, which is narrower in scope than a full audit, and its conclusion is unmodified.
- In plain terms: nothing came to the reviewer's attention that suggested the statement had missed a required disclosure or contained a material misstatement.
- A clean review conclusion is the normal outcome. It is reassurance about the presentation of the numbers, not a guarantee of the business result.
The headline numbers (standalone, Rs. in millions)
- Total Revenue from Operations: 7,688.4 for the quarter and 21,319.6 for the nine months.
- Profit for the period: 297.3 for the quarter and 990.6 for the nine months.
- Exceptional Income/(Loss): (96.0) in the quarter, a one-off charge that pulled reported profit down.
- Basic & diluted EPS after exceptional item: 3.94 per share for the quarter.
What the exceptional charge is about
- The company is consolidating its pressure-sensitive (PS) Labels operations at its manufacturing facilities and closing a manufacturing facility, with the aim of economies of scale, better capacity utilisation and cost rationalisation.
- As part of this it charged accelerated depreciation on plant and equipment that cannot be used or moved, and recognised an accrual towards employee settlement costs at the affected facility. Both are grouped as an Exceptional Item for the quarter and the nine months.
- Because of this, the quarter's profit is not directly comparable with a quarter that carried no such charge.
A quality-of-earnings point to note
- The depreciation charge for the quarter and the nine months includes a correction relating to FY 2024 and FY 2025, when depreciation on some assets was computed on written down value instead of the company's stated straight line method policy. Depreciation for those years was therefore understated.
- The correction was charged in full in Q1 2026 and the deferred tax charge is correspondingly lower. The company states the matter is now fully rectified.
Other points from the notes
- The company reports a single segment, Consumer Packaging.
- It has subscribed to a stake in a special purpose vehicle, AMPIN Energy C&I Twenty-Five Private Limited, to meet captive solar power requirements under the Electricity Act.
What the company's own release says
- Net sales grew 23.7% in Q3 and the EBIT margin was 7.0%.
- Management linked the growth to volumes and pass-through of material cost increases, and said Q3 EBIT was flat year on year while nine-month EBIT growth was supported by higher volumes and an improved product mix.
In short: the board approved the results, revenue and nine-month profit were higher than the prior-year figures in the statement, the quarter carried a one-off restructuring charge, and the limited review came back clean.
587.9 (Rs. in Millions)Profit before tax, quarter
Profit after tax, latest quarter297.3 (Rs. in Millions)
Total comprehensive income, latest quarter295.6 (Rs. in Millions)
Also from Huhtamaki India
Huhtamaki India Ltd press release
27 Oct 2026
Huhtamaki India to host Q3CY26 earnings conference call on October 30, 2026 at 15:30 IST
26 Oct 2026
Board meeting on October 27, 2026 to consider and approve unaudited Q3 and nine-month results
14 Oct 2026
More numbers
- Total Revenue from Operations, nine months (Rs. in millions)21,319.6
- Profit for the period, nine months (Rs. in millions)990.6
- Exceptional Income/(Loss), Q3 (Rs. in millions)(96.0)
- Q3 net sales growth, company release23.7%
- Q3 EBIT margin, company release7.0%
- Total income, latest quarter7,747.7 (Rs. in Millions)
- Total income, year-ago quarter6,341.3 (Rs. in Millions)
- Total income, previous quarter7,513.2 (Rs. in Millions)
- Total comprehensive income, latest quarter295.6 (Rs. in Millions)
- Total comprehensive income, year-ago quarter350.5 (Rs. in Millions)
- Total comprehensive income, previous quarter459.1 (Rs. in Millions)
- Profit after tax, latest quarter297.3 (Rs. in Millions)
- Profit after tax, year-ago quarter367.7 (Rs. in Millions)
- Profit after tax, previous quarter437.3 (Rs. in Millions)
- Revenue from operations, latest quarter7,688.4 (Rs. in Millions)
- Revenue from operations, year-ago quarter6,247.3 (Rs. in Millions)
- Revenue from operations, previous quarter7,500.2 (Rs. in Millions)
- Profit before tax, latest quarter394.3 (Rs. in Millions)
- Profit before tax, year-ago quarter491.7 (Rs. in Millions)
- Profit before tax, previous quarter587.9 (Rs. in Millions)
Source: BSE · 27 Oct 2026
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