Huhtamaki India (509820) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were Rs. 5,936 million, up 0.1% year-over-year, with stable sales supported by favorable mix and operational efficiency.

• EBITDA rose 24.8% year-over-year, reflecting margin improvement and profitability focus.

• EBIT increased by 4% year-over-year, but excluding a one-off depreciation charge, EBIT grew by 27.8%.

• Profit before tax grew by 2.9% year-over-year, while net profit was impacted by a one-off depreciation adjustment.

• The company remains focused on profitable growth, disciplined capital allocation, and accountability.

Financial highlights

• Q1 2026 net sales: MINR 5,936.3 (+0.1% YoY); EBITDA: MINR 620.8 (+24.8% YoY); EBIT: MINR 473.7 (+27.8% YoY, excluding one-off); PBT: MINR 350.4 (+2.9% YoY).

• Net profit for Q1 2026 was Rs. 261.5 million, compared to Rs. 256.0 million in Q1 2025.

• Basic and diluted EPS for Q1 2026 was Rs. 3.39, compared to Rs. 3.46 in Q1 2025.

• Other income doubled year-over-year, driven by interest on income tax refund, higher FD interest, and FX gains.

• One-off depreciation charge of Rs. 88 million related to prior years impacted EBIT and net profit.

Outlook and guidance

• Management expects continued margin protection and growth momentum, with top-line growth supported by raw material cost pass-through.

• No capacity constraints; ample room for organic growth.

• Next financial update scheduled for end of July.

• Ambition to be the first choice in sustainable packaging solutions in India.