Huhtamaki India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 09:49 am
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Huhtamaki India Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was INR 7,711.4 million compared to INR 6,701.2 million a year ago. Net income was INR 0.4 million compared to net loss of INR 218.4 million a year ago. Basic earnings per share from continuing operations was INR 0.01 compared to basic loss per share from continuing operations of INR 2.89 a year ago.
For the nine months, revenue was INR 23,107.2 million compared to INR 19,732.8 million a year ago. Net income was INR 328 million compared to net loss of INR 91.7 million a year ago. Basic earnings per share from continuing operations was INR 4.34 compared to basic loss per share from continuing operations of INR 1.21 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.