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Huhtamaki India : Q1 2024 Financial Quarterly Report : YoY Sales Up 2.86 %, QoQ Up 4.81 %

July 23, 2024July 23, 2024| adminadmin| 0 Comments| 7:35 pm
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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 2.86 % in the past year, substantial increase in net sales/revenue by 4.81 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is %, Marginal decrease of -24.04% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Huhtamaki India Limited. Notable increase of 166.53 % in net profit Year to Year, Huhtamaki India Limited’s profitability increased by 48.06 % in this quarter.
  • EPS over the Year and quarter: EPS increased by 167.02 % Year to Year. EPS increased by 47.83 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Huhtamaki India Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 621.7 Cr Rs. 610.12 Cr Rs. 639.45 Cr + 4.81 % + 2.86 %
Expenses Rs. 581.73 Cr Rs. 569.07 Cr Rs. 607.49 Cr + 6.75 % + 4.43 %
Operating Profit Rs. 39.97 Cr Rs. 41.05 Cr Rs. 31.96 Cr -22.14 % -20.04 %
OPM % 6.43 % 6.73 % 5 % -1.73 % -1.43 %
Other Income Rs. 0 Cr Rs. 8.32 Cr Rs. 6.32 Cr -24.04 % 0 %
Interest Rs. 9.95 Cr Rs. 4.77 Cr Rs. 4.99 Cr + 4.61 % -49.85 %
Depreciation Rs. 11.55 Cr Rs. 9.52 Cr Rs. 11.95 Cr + 25.53 % + 3.46 %
Profit before tax Rs. 18.47 Cr Rs. 35.08 Cr Rs. 21.34 Cr -39.17 % + 15.54 %
Tax % 21.71 % 25.8 % 24.16 % -1.64 % + 2.45 %
Net Profit Rs. 14.46 Cr Rs. 26.03 Cr Rs. 38.54 Cr + 48.06 % + 166.53 %
EPS in Rs Rs. 2.19 Rs. 3.45 Rs. 2.1 -39.13 % -4.11 %


Today, we’re looking at Huhtamaki India Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 2.86 %. However, it did see a marginal increase of 4.81 % from the previous quarter. Expenses ticked up slightly by 6.75 % quarter-on-quarter, aligning with the annual rise of 4.43 %. Operating profit, while down -20.04 % compared to last year, faced a quarter-on-quarter dip of -22.14 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.43 %, but a shrinkage of -1.73 % sequentially. Other income fell by -24.04 % compared to the last quarter, Interest expenses surged remarkably by 4.61 % from the previous quarter, yet the year-over-year decrease remains at a moderate -49.85 %. Depreciation costs climbed by 25.53 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.46 %. Profit before tax grew annually by 15.54 % but saw a reduction from the preceding quarter by -39.17 %.
Tax expenses as a percentage of profits increased slightly by 2.45 % compared to last year, with a more notable quarter-on-quarter decrease of -1.64 %. Net profit rose by 166.53 % year-on-year but experienced a 48.06 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -4.11 % but a quarterly fall of -39.13 %. In summary, Huhtamaki India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 621.7 Cr Rs. 610.12 Cr Rs. 639.45 Cr + 4.81 % + 2.86 %
Expenses Rs. 581.73 Cr Rs. 569.07 Cr Rs. 607.49 Cr + 6.75 % + 4.43 %
Operating Profit Rs. 39.97 Cr Rs. 41.05 Cr Rs. 31.96 Cr -22.14 % -20.04 %
Net Profit Rs. 14.46 Cr Rs. 26.03 Cr Rs. 38.54 Cr + 48.06 % + 166.53 %
EPS in Rs Rs. 2.19 Rs. 3.45 Rs. 2.1 -39.13 % -4.11 %


In reviewing Huhtamaki India Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 2.86 % year-on-year growth, however, there was a minor increase of 4.81 % from the previous quarter. Expenses rose by 4.43 % compared to the previous year, with a 6.75 % increase quarter-on-quarter. Operating Profit dropped by -20.04 % annually, and saw a -22.14 % decrease from the last quarter.
Net Profit showed yearly increase of 166.53 %, and experienced a 48.06 % increase from the previous quarter. Earnings Per Share (EPS) fell by -4.11 % annually, however dipped by -39.13 % compared to the last quarter. In essence, while Huhtamaki India Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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