HUHTAMAKI
Huhtamaki India Limited
NSELast Traded Price
₹233
4.5 (1.97%)
Open
₹228.98
High
₹234.01
Low
₹222.47
Prev Close
₹228.5
Industry
Packaging
Market Cap
1752.11 Cr
Filing History
Recent corporate announcements and filings for HUHTAMAKI
Business Update
Negative
2026-09-11 12:24
CRITICAL RED FLAG DETECTED
- Huhtamaki India Limited received a demand notice dated September 10, 2026, from Dadra and Nagar Haveli Planning and Development Authority.
- The notice is for a penalty of Rs. 17,54,823/- for granting an Occupancy Certificate for part of its Silvassa factory premises, following a delay in obtaining it.
- The company stated there is no impact on financial or other operations beyond the penalty amount.
Business Update
Positive
2026-09-01 10:20
- Huhtamaki India Limited is consolidating its pressure-sensitive (PS) Labels operations by closing its Baddi manufacturing facility, effective October 30, 2026.
- This strategic move aims to improve operational efficiency, leverage scale, and rationalize costs.
- The Baddi unit contributed 0.92% of the company's FY2025 revenue and is not considered material from a materiality threshold perspective.
Governance
Neutral
2026-08-19 16:29
- Appointment of Ms. Akanksha Kandoi as Company Secretary and Compliance Officer (Key Managerial Personnel) of Huhtamaki India Limited.
- The appointment is effective from August 24, 2026.
- Approved by the Board of Directors at their meeting held on August 19, 2026.
- Ms. Kandoi has over 23 years of experience in corporate governance, secretarial, compliance, and regulatory matters.
Governance
Neutral
2026-08-19 16:20
- Huhtamaki India Limited announced the appointment of Ms. Akanksha Kandoi as Company Secretary and Compliance Officer (Key Managerial Personnel).
- Her appointment is effective from August 24, 2026.
- Ms. Kandoi has over 23 years of experience in corporate governance, secretarial, and compliance functions.
Business Update
Positive
2026-08-12 18:22
- CRISIL reaffirmed 'Crisil AA-/Stable' Long Term Rating for Huhtamaki India Limited's ₹88 Crore bank facilities.
- The rating is supported by improved operating margins (7.7% in 2025 vs 4.6% in 2024; 8.4% in H1CY26 vs 6.4% in H1CY25) and H1CY26 revenue growth.
Business Update
Positive
2026-07-31 16:55
- Management reported a solid performance in Q2 and H1, emphasizing a broad-based growth driven by price, volume, and product mix, attributed to their profitable growth strategy.
- EBITDA margins saw significant improvement year-on-year, with the company maintaining a strong financial position and nil net debt.
- Markets are expected to remain robust and grow by 4-5% in the near future, aligning the company's growth target with market expansion.
- Committed to continuing the profitable growth strategy by being selective on customers and product mix, and focusing on sustainable solutions like 'blueloop' (currently below 30% adoption for new material, but assets highly utilized for other products).
- Plans to continue investing in modernization and CapEx for organic growth to enhance productivity and cater to future demand, rather than current inorganic acquisitions.
- Initiatives in sustainability include bringing a solar captive power plant online (covering ~50% of Khopoli plant's power by Q3), progressing on decarbonization roadmap, and maintaining Zero Liquid Discharge.
- Future growth is expected to be balanced between domestic and export markets, with exports contributing approximately 30% of sales volume.
Business Update
Neutral
2026-07-27 19:16
- Huhtamaki India Limited announced the availability of the audio recording of its Earnings Conference Call for the 2nd quarter ended June 30, 2026.
- The recording is accessible via YouTube (https://youtu.be/BGY3dcA2wxQ) and the company's website.