Huhtamaki India Q3 Results Live: Profit Falls by 63.71% YOY

Huhtamaki India Q3 Results Live : Huhtamaki India declared their Q3 results on 22 Oct, 2024, reporting a significant decline in profitability. The company's topline decreased by 1.51% year-over-year, while profit plummeted by 63.71% compared to the same quarter last year.

In contrast to the previous quarter, Huhtamaki India's revenue grew by 2.04%. However, the profit saw a staggering decrease of 69.62%, indicating underlying challenges despite the slight revenue uptick.

The company's Selling, General & Administrative expenses showed a positive trend, declining by 1.75% quarter-over-quarter and 6.47% year-over-year. This reduction may reflect efforts to streamline operations amid declining profitability.

Operating income took a heavy hit, down by 85.01% quarter-over-quarter and 78.75% year-over-year, highlighting significant operational challenges faced by the company during this period.

Earnings per share (EPS) for Q3 stood at ₹1.4, marking a decrease of 67.2% year-over-year. This further underscores the financial strain that Huhtamaki India is currently experiencing.

On the market performance front, Huhtamaki India has delivered a -16.57% return over the last week, but has seen a 2.91% return over the past six months and a 14.06% return year-to-date, reflecting some investor optimism despite recent declines.

Currently, Huhtamaki India boasts a market capitalization of ₹2471.45 crore, with its stock fluctuating between a 52-week high of ₹451.85 and a low of ₹261.65, indicating volatility in its share price.