India · Delayed Price · Currency is INR Huhtamaki India Earnings Call Transcripts
Fiscal Year 2025
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Volumes and sales were flat or slightly down year-over-year, but profit before tax and net profit rose sharply due to operational efficiencies and a focus on profitable segments. Liquidity and working capital remain strong, with sustainability and safety metrics showing marked improvement.
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Q3 CY2025 delivered strong margin and profit growth despite lower year-over-year volumes, driven by a favorable product mix, operational efficiencies, and increased export share. Blue Loop recyclable products contributed 27–30% of revenue, and structural cost improvements are expected to sustain.
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Q2 CY2025 saw subdued demand and a 4.7% YOY revenue decline, but EBITDA and profit before tax grew strongly due to cost controls. Exports remain stable at 30–32% of revenue, and the company is focused on operational efficiency, sustainability, and innovation.
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Q1 CY2025 delivered flat revenues and profits year-over-year, but margins improved due to a better sales mix and efficiency gains. Sustainable products contributed 27%-30% of sales, while liquidity and financial health remain strong despite subdued demand and competitive pressures.
Fiscal Year 2024
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Q4 2024 saw slight year-over-year sales growth but lower margins due to inflation and product mix. Blue Loop sustainable products' contribution rose to 27.5%, with further margin improvement expected as adoption increases. Debt remains low, and export sales are stable.
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Q3 2024 saw a slight sequential sales increase but significant margin pressure from adverse mix and raw material inflation. Blueloop contributed 27-28% of sales, but overall demand and product mix limited margin gains. Debt and working capital improved, with non-core asset sales completed.
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Revenue and volumes improved year-over-year, but margins declined due to adverse mix and supply chain disruptions. The company completed a major land sale, used proceeds to retire debt, and is accelerating its shift to sustainable packaging, targeting double-digit margins by 2030.