Huhtamaki India (509820) Q3 2026 earnings summary

Executive summary

• Q3 2026 net sales rose 23.7% YoY to Rs. 7,481 million; EBIT before exceptional items was Rs. 521 million, broadly flat YoY.

• 9M 2026 net sales grew 15.7% to Rs. 20,704 million; EBIT before exceptional items rose 22% to Rs. 1,528 million.

Financial highlights

• Q3 EBITDA was Rs. 656 million, up 1.2% YoY; reported PBT was Rs. 394.3 million and PAT was Rs. 297.3 million, down 19.1%.

• Q3 revenue from operations was Rs. 7,688.4 million versus Rs. 6,247.3 million YoY.

• 9M EBITDA rose 24.6% to Rs. 2,042 million; reported PBT increased 13.6% to Rs. 1,333 million and PAT rose 12.8% to Rs. 990.6 million.

• 9M revenue from operations was Rs. 21,319.6 million versus Rs. 18,468.9 million YoY.

Outlook and guidance

• Priorities include profitable growth, disciplined capital allocation, accountability and execution; no specific margin forecast was provided.

• Raw-material cost increases are expected to flow through to customer pricing in subsequent months, with timing varying by contract.

• Productivity plans remain on track, with focus on high-value products and portfolio mix to support profitability.

• Existing capacity and efficiency initiatives are expected to support demand for 2–3 years without major capacity-expansion investment.