Huhtamaki India Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 17, 2023 at 07:52 am
Share
Huhtamaki India Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was INR 6,238.2 million compared to INR 7,985.1 million a year ago. Net income was INR 144.6 million compared to INR 81.5 million a year ago. Basic earnings per share from continuing operations was INR 1.91 compared to INR 1.08 a year ago.
For the six months, revenue was INR 12,916.3 million compared to INR 15,395.8 million a year ago. Net income was INR 499.5 million compared to INR 327.6 million a year ago. Basic earnings per share from continuing operations was INR 6.61 compared to INR 4.34 a year ago.
Huhtamaki India Limited is a provider of primary consumer packaging and decorative labelling solutions in India. The Company provides pack designs and formats through a portfolio of packaging solutions. Its product ranges include food packaging, beverages, petfood, tube laminates, health care, personal care and household, labels, other specialties, and recyclable solutions. Its food packaging products include biscuits and snacks, confectionery, dairy and baby food, ice cream, ready meals, and soups and sauces. Its beverage packing products include coffee, juices and non-alcoholic drinks, liquor and cocktails, powdered beverages, and nutrition drinks. Its solutions include barrier and recyclable laminates, specialized pouching-like-shaped, five and six panel pouches, thermoforms, decorative labels, digitally printed laminates for pack personalization and tube laminates. Its tube laminates are designed for segments such as food, oral care, skin care, pharma, and other non-food items.