Huhtamaki India Limited (NSE:HUHTAMAKI) announced on July 21, 2026, that its board of directors approved the unaudited financial results for the second quarter and six months ended June 30, 2026. The company reported revenue from operations of Rs 7,500.2 million in Q2 FY26, up from Rs 6,122.3 million in the corresponding quarter of the previous year, alongside a net profit of Rs 437.3 million for the quarter.
Key Highlights
- Q2 FY26 revenue from operations stood at Rs 7,500.2 million, representing an increase compared to Rs 6,122.3 million in Q2 FY25.
- Net profit for Q2 FY26 was Rs 437.3 million, higher than Rs 249.4 million reported in the corresponding quarter of the previous year.
- Half-year (H1) FY26 revenue from operations reached Rs 13,631.2 million against Rs 12,221.6 million in H1 FY25.
- H1 FY26 net profit totalled Rs 693.3 million, up from Rs 510.9 million in H1 FY25.
- Basic and diluted earnings per share (EPS) for Q2 FY26 were Rs 5.79, compared to Rs 3.30 in Q2 FY25.
- The unaudited financial results were reviewed and certified by auditors BSR & Co. LLP in accordance with Regulation 33 of the SEBI Listing Regulations.
- Board meeting was held on July 21, 2026, commencing at 1:15 PM IST and concluding at 2:55 PM IST.
About the Company
Huhtamaki India Limited is a manufacturing and supply company specialising in flexible packaging, food service and consumer packaging products. Listed on the National Stock Exchange of India Limited (NSE:HUHTAMAKI) and BSE Limited (Scrip Code 509820), the company operates multiple manufacturing facilities in India and maintains a branch in London, United Kingdom. Incorporated in Maharashtra, Huhtamaki India is headquartered at 7th Floor, Bellona, The Walk, Hiranandani Estate, Ghodbunder Road, Thane (W), Maharashtra 400 607. The company holds CIN L21011MH1950FLC145537. Its registered website is www.flexibles.huhtamaki.in, and the company serves diverse customer segments across FMCG, food processing, quick-service restaurants, and industrial applications.
Announcement in Detail
The board of directors of Huhtamaki India Limited, in its meeting held on July 21, 2026, considered and approved the unaudited financial results for the quarter ended June 30, 2026, and the six-month period from January 1, 2026, to June 30, 2026, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were accompanied by a limited review report from the company's auditors, BSR & Co. LLP, prepared in accordance with Regulation 33 of the Listing Regulations and Indian Accounting Standard 34 (Ind AS 34) for interim financial reporting.
For the second quarter ended June 30, 2026, the company reported total revenue from operations of Rs 7,500.2 million, comprising sale of products and services of Rs 7,286.0 million and other operating revenue of Rs 214.2 million. Including other income of Rs 13.0 million, total income was Rs 7,513.2 million. Total expenses for the quarter stood at Rs 6,925.3 million, resulting in profit from operations before tax of Rs 587.9 million. After tax expense of Rs 150.6 million, the net profit for Q2 FY26 was Rs 437.3 million. Total comprehensive income for the quarter amounted to Rs 459.1 million, which includes other comprehensive income of Rs 21.8 million.
For the half-year period ended June 30, 2026, revenue from operations aggregated Rs 13,631.2 million, with total income of Rs 13,865.4 million including other income of Rs 234.2 million. Total expenses were Rs 12,927.1 million, leading to profit before tax of Rs 938.3 million and net profit of Rs 693.3 million after tax expense of Rs 245.0 million. The balance sheet as at June 30, 2026, showed total assets of Rs 22,155.2 million, total equity of Rs 13,488.4 million, and total liabilities of Rs 8,666.8 million. Basic and diluted EPS for H1 FY26 was Rs 9.18 per share of face value Rs 2 each.
Impact on Investors
Investors will note that Huhtamaki India's Q2 FY26 results demonstrate revenue and profitability growth compared to the same quarter in the previous year. Revenue from operations grew by approximately 22% year-on-year in Q2, while net profit increased by approximately 75% on a similar basis, indicating operational leverage and improved cost management during the quarter. The half-year performance shows consistent growth momentum, with H1 FY26 revenue and profit both higher than H1 FY25 levels. The company's current asset position reflects an increase in inventories to Rs 3,956.7 million as at June 30, 2026, from Rs 2,056.9 million as at December 31, 2025, which investors may monitor in subsequent quarters as an indicator of demand outlook or supply chain strategy.
The filing shows that total borrowings (non-current and current combined) as at June 30, 2026, amounted to Rs 1,043.8 million, compared to Rs 1,014.7 million at the year-end. Equity has increased to Rs 13,488.4 million from Rs 12,935.3 million, driven by retained earnings. The company's tax expense for H1 FY26 was Rs 255.7 million (current tax) with a deferred tax credit of Rs 10.7 million, resulting in an effective tax rate of approximately 26% on profit before tax. Shareholders should note that EPS grew from Rs 6.76 in H1 FY25 to Rs 9.18 in H1 FY26, reflecting both higher profitability and the stable equity share capital base of Rs 151.1 million (representing 75.55 million shares of Rs 2 face value each).
Sector / Market Context
Huhtamaki India operates in the flexible packaging and food service packaging industry, a segment that serves food FMCG manufacturers, quick-service restaurants, catering establishments, and food processors. India's FMCG sector has maintained steady growth driven by rising consumption across urban and semi-urban regions, supported by growing organised retail penetration and e-commerce expansion. The packaging segment benefits from this consumption trend, as manufacturers require compliant, food-safe, and sustainable packaging solutions. The company's dual exposure to domestic and international markets (via its London branch) provides some geographic diversification, though the company's primary revenue base remains India-centric based on the disclosed financial structure.
The Indian flexible packaging market has seen sustained demand across food and beverage, pharmaceuticals, and personal care applications. The sector's growth is underpinned by increasing regulatory focus on food safety standards, rising disposable incomes driving packaged food consumption, and a shift towards branded products. Huhtamaki India's reported operational improvements in Q2 FY26, reflected in margin expansion and profit growth, align with this supportive sector backdrop, though company-specific execution capabilities and customer retention dynamics remain important drivers of individual performance within the sector.