Huhtamaki India Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 15 Jul 2026 | Industrial Products | Market Cap: ₹2.1K Cr
Volume for the year 2024 was almost flat compared to 2023, with slight quarter-on-quarter declines noted. The company has experienced margin pressure and a decline in EBITDA and EBIT in 2024 compared to 2023, mainly due to cost inflation, unfavorable product mix, and high freight costs.
From Huhtamaki India Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹274
Market Cap
₹2.1K Cr
P/E Ratio
15.3
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Huhtamaki India Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹613 Cr, net profit ₹26 Cr.
Full financials →📊 Revenue & Sales Performance
- →Volume for the year 2024 was almost flat compared to 2023, with slight quarter-on-quarter declines noted.
- →Revenue for 2024 saw a slight decrease of 1.2% compared to 2023.
- →There is an expectation of a gradual demand improvement, especially driven by rural consumption, while urban demand recovery timing remains uncertain.
- →The company is focusing on future-ready restructuring and innovative products, expecting stronger demand revival in coming quarters.
- →Export sales are stable with plans to increase share leveraging positive external environment, forex benefits, and coordinated global efforts.
- →Tube laminate business is a key focus area with plans to grow domestically and expand exports in neighboring countries.
- →Blueloop (sustainable) products are growing and contributing about 27% to sales; further growth anticipated as adoption increases.
- →Investments and innovation aimed at capturing premium product segments to drive better margins and revenue growth over time.
📈 Profitability & Margins
- →The company has experienced margin pressure and a decline in EBITDA and EBIT in 2024 compared to 2023, mainly due to cost inflation, unfavorable product mix, and high freight costs.
- →Volume growth is slightly positive year-on-year but flat over 12 months, with some softness in demand.
- →Management expects margin improvement as blueloop sustainable product adoption increases, although this transition is gradual and currently at a nascent stage.
- →Export share is expected to grow over the next 2 years, potentially improving profitability due to forex benefits and regional coordination.
- →The rural market shows promising consumption recovery, which may positively impact growth; urban demand recovery timing remains uncertain.
- →No major capex is planned for 2025, implying focus on operational efficiency and margin improvement rather than expansion.
- →Management aims for steady improvement with technology-enabled innovations and sustainable packaging driving long-term profitable growth.
- →Earnings recovery and margin expansion are likely medium-term, possibly beyond two quarters, as cost pass-through improves.
🏗️ Capital Expenditure Plans
- →No major capex planned for 2025; only routine investments to maintain operations across 10 plants.
- →No detailed capex plan available yet for 2026.
- →Previous large-scale investments were made for blueloop technology and related innovations.
- →Focus is currently on serving the market and transitioning towards blueloop/sustainable products.
- →Investments in backward integration exist but currently used for alternate purposes; significant margin benefits expected only when blueloop high-end structures scale.
- →Cash reserves of approximately INR 300 crores are being maintained with no immediate deployment plans; future usage will be decided in due course.
- →Strategic focus remains on innovation, technology-enabled solutions, sustainability (e.g., blueloop), and expanding export markets regionally.
💰 Fundraising & Capital Structure
- →No major capital expenditure (capex) is planned for 2025, indicating no immediate large fundraising needs.
- →Existing External Commercial Borrowing (ECB) of approx INR 1 billion has no repayment scheduled for 2025, with repayment due in 2027.
- →The company has sizable credit lines with minimal utilization, showing strong liquidity and no urgent need for new debt.
- →Management continues to monitor cash and will decide on deployment or fundraising in due course, but no concrete plans for new debt or equity fundraising were disclosed at this time.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Huhtamaki India Ltd Q3 FY25 results?
Volume for the year 2024 was almost flat compared to 2023, with slight quarter-on-quarter declines noted. The company has experienced margin pressure and a decline in EBITDA and EBIT in 2024 compared to 2023, mainly due to cost inflation, unfavorable product mix, and high freight costs.
What is Huhtamaki India Ltd share price analysis?
Huhtamaki India Ltd currently shows a neutral. The stock trades at a P/E of 15.3 with a market cap of ₹2,092 Cr. Investors should review the full earnings analysis for detailed insights.
Is Huhtamaki India Ltd planning capital expenditure?
No major capex planned for 2025; only routine investments to maintain operations across 10 plants.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.