Nature of the Disclosure

Regulatory filing pursuant to SEBI Listing Regulations (Reg. 30 and Reg. 33) disclosing the unaudited financial results for the quarter and half year ended June 30, 2026, approved by the Board of Directors in a meeting held on July 21, 2026.

Key Quantitative Figures

Quarterly Performance (Q2 FY26 vs Q2 FY25)

  • Revenue from Operations: ₹7,500.2 million (Unaudited) vs ₹6,122.3 million (Unaudited) - 22.5% increase
  • Sale of Products and Services: ₹7,286.0 million vs ₹5,919.4 million
  • Other Operating Revenue: ₹214.2 million vs ₹202.9 million
  • Total Income: ₹7,513.2 million vs ₹6,189.1 million
  • Profit Before Tax: ₹587.9 million vs ₹334.0 million - 76.0% increase
  • Profit for the Period: ₹437.3 million vs ₹249.4 million - 75.3% increase
  • Earnings Per Share (Basic & Diluted): ₹5.79 vs ₹3.30

Half-Yearly Performance (H1 FY26 vs H1 FY25)

  • Revenue from Operations: ₹13,631.2 million (Unaudited) vs ₹12,221.6 million (Unaudited) - 11.5% increase
  • Profit Before Tax: ₹938.3 million vs ₹681.2 million - 37.7% increase
  • Profit for the Period: ₹693.3 million vs ₹510.9 million - 35.7% increase
  • Earnings Per Share (Basic & Diluted): ₹9.18 vs ₹6.76

Balance Sheet Position (as of June 30, 2026)

  • Total Assets: ₹22,155.2 million (Unaudited)
  • Total Equity: ₹13,488.4 million (Unaudited)
  • Paid-up Share Capital: ₹151.1 million (Equity Face Value ₹2 each)
  • Other Equity: ₹13,337.3 million (Unaudited)

Dates of Action

  • Board Meeting: July 21, 2026 (commenced at 1:15 PM IST, concluded at 2:55 PM IST)
  • Period Covered: Quarter and half year ended June 30, 2026
  • Review Report Date: July 21, 2026
  • Filing Date: July 21, 2026

Parties Involved

  • Auditors: B S R & Co. LLP (Firm's Registration No.: 101248W/W-100022)
  • Parent Company: Huhtamäki Oyj (mentioned in disclosure)
  • SPV Investment: AMPIN Energy C&I Twenty-Five Private Limited

Purpose or Stated Rationale

  • Compliance with SEBI Listing Regulations requirements for quarterly financial reporting
  • Disclosure of financial performance to stock exchanges and investors

Financial Impact Disclosures

Exceptional Items

  • Q2 FY26: ₹Nil (Q2 FY25: ₹2.8 million credit)
  • H1 FY26: ₹Nil (H1 FY25: ₹9.5 million credit)

Tax Expense

  • Q2 FY26: ₹150.6 million (Current: ₹137.4 million, Deferred: ₹13.2 million)
  • H1 FY26: ₹245.0 million (Current: ₹255.7 million, Deferred: ₹(10.7) million credit)

Significant Accounting Adjustment (Note D)

  • Q1 FY26 included additional depreciation charge of ₹88 million relating to FY2024 and FY2025
  • Error: Depreciation calculated on Written Down Value basis instead of Straight Line Method
  • Management assessment: Amounts not material to respective years' results
  • Consequent deferred tax impact: Lower charge by ₹22 million in Q1 FY26
  • Matter fully rectified in Q1 FY26 financial results

Capital Structure Impact

  • No change in share capital during the period (remained at ₹151.1 million)
  • Investment of ₹27.6 million in AMPIN Energy C&I Twenty-Five Private Limited (28% equity) on February 10, 2026
  • Purpose: Compliance with Electricity Act 2003 for captive solar power projects

Cash Flow Implications

Half Year Ended June 30, 2026

  • Net Cash from Operating Activities: ₹(713.6) million (outflow)
  • Net Cash from Investing Activities: ₹1,853.3 million (inflow)
  • Net Cash from Financing Activities: ₹(213.6) million (outflow)
  • Net Increase in Cash: ₹926.1 million
  • Cash and Cash Equivalents at End: ₹1,852.0 million
  • Dividends Paid: ₹150.8 million

Segment Information

  • Single Segment: Consumer Packaging
  • Segment Revenue: ₹13,631.2 million (H1 FY26)
  • Segment Results: ₹821.3 million (H1 FY26)
  • Segment Assets: ₹20,052.7 million (as of June 30, 2026)
  • Segment Liabilities: ₹7,595.7 million (as of June 30, 2026)

Management Commentary

  • Net Sales Growth: Q2 FY26: 23.1% YoY; H1 FY26: 11.6% YoY
  • EBIT Performance: Q2 FY26: ₹622 million (71.8% increase YoY); H1 FY26: ₹1,007 million (37.5% increase YoY)
  • Growth Drivers: Strong volume growth, price pass-through to mitigate raw material cost inflation
  • Profitability Factors: Volume leverage, improved product mix, operational efficiency gains
  • Challenges: Non-recurring charges, geo-political challenges
  • Strategic Focus: Huhtamaki Strategy 2030 - sustainable packaging solutions, profitable growth, disciplined capital allocation

Additional Notes

  • Assets Held for Sale: ₹33.7 million (leasehold land and building from Hyderabad plant closure)
  • No Subsidiaries, Associates, or Joint Ventures: The company does not have any subsidiary, associate, or joint venture entities
  • Review Status: Results reviewed by Audit Committee and approved by Board of Directors
  • Auditor Opinion: Unmodified review report issued by B S R & Co. LLP
  • Manufacturing Facilities: 10 facilities in India
  • Employee Strength: Approximately 2,500 employees in India