Huhtamaki India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 17, 2023 at 09:30 am
Share
Huhtamaki India Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was INR 6,654.8 million compared to INR 7,711.4 million a year ago. Net income was INR 322.7 million compared to INR 0.4 million a year ago. Basic earnings per share from continuing operations was INR 4.27 compared to INR 0.01 a year ago.
For the nine months, revenue was INR 19,571.1 million compared to INR 23,107.2 million a year ago. Net income was INR 822.2 million compared to INR 328 million a year ago. Basic earnings per share from continuing operations was INR 11.16 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.