Financial Performance Summary
Q3 2026 Results:
- Net Sales: ₹7,481 million, representing a 23.7% increase over Q3 2025
- EBIT before exceptional items: ₹521 million, remaining broadly in line with Q3 2025 (+18% on a comparable base excluding one-timers)
- EBIT Margin: 7.0%
Nine-Month Period (Ended September 2026):
- Net Sales: ₹20,704 million, reflecting a 15.7% increase compared to the nine months ending September 2025
- EBIT before exceptional items: ₹1,528 million, representing a 22% increase over the corresponding period of the previous year
Performance Drivers
The strong revenue growth during Q3 2026 and the nine-month period was driven by:
- Volume growth
- Pass-through of material cost increases
EBIT growth for the nine-month period was underpinned by:
- Higher volumes
- Improved product mix
- Continuing operational efficiency initiatives
Management Commentary
Mr. Kamal Taneja, Managing Director, commented that the business remained resilient despite uncertain and volatile geopolitical environment. The company remains focused on delivering profitable growth, maintaining disciplined capital allocation, and fostering a strong culture of accountability and execution, consistent with its global strategic priorities.
Company Background
Huhtamaki India Limited is a subsidiary of Huhtamäki Oyj, a leading global provider of sustainable packaging solutions. The company operates 10 manufacturing facilities in India with approximately 2,400 employees. Their innovative products protect food and beverages, and personal care products, ensuring hygiene and safety while working to develop sustainable packaging solutions designed for recyclability, compostability, or reuse.