Huhtamaki India Ltd
P&L
Quarterly Standalone
vs Q2 FY25
Huhtamaki India Q4 2024 Results: Net Sales Rs. 6,012 Million, EBIT Margin 3%
12 Feb 2025 · 12 Feb 2025, 01:42 am
Summary
Huhtamaki India Limited announced its Q4 2024 results with net sales of Rs. 6,012 million, representing a 2.7% increase y-o-y. The Company reported EBIT before exceptional item at Rs. 182 million, down from Rs. 506 million y-o-y. For FY 2024, the Company reported net sales of Rs. 24,505 million and EBIT before exceptional item at Rs. 1,035 million, down from Rs. 24,813 million and Rs. 1,610 million respectively y-o-y. The margin pressure is attributed to raw material inflation and sales product mix.
Key Highlights
- 1
Q4 2024 net sales of Rs. 6,012 million, a 2.7% increase y-o-y
- 2
Q4 2024 EBIT before exceptional item at Rs. 182 million, down from Rs. 506 million y-o-y
- 3
FY 2024 net sales of Rs. 24,505 million, down from Rs. 24,813 y-o-y
- 4
FY 2024 EBIT before exceptional item at Rs. 1,035 million, down from Rs. 1,610 million y-o-y
- 5
Margin pressure due to raw material inflation and sales product mix
Management Comments
Mr. Dhananjay Salunkhe
Managing Director
During Q4 and FY 2024, the revenues are almost flat compared to corresponding period of the previous year. However the margins remained under pressure for entire FY 2024 on account of raw material inflation and sales product mix. The company has a strategy in place to address competitiveness and focus on long term profitable growth initiatives. The Company, as always, continues its focus on driving world class operations within its manufacturing network and delivering customer excellence. As a part of Huhtamaki Strategy 2030, our ambition is to be the first choice in sustainable packaging solutions.
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