Approval of unaudited financial results for the 1st quarter and three months ended March 31, 2026
HUHTAMAKI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Huhtamaki India reported Q1 2026 net sales of Rs. 5,936 million, virtually flat (up 10 bps) compared to the same quarter last year. Profit after tax declined to Rs. 256 million from Rs. 261.5 million in Q1 2025. The quarter includes a Rs. 88 million additional depreciation charge for prior years (FY 2024-25) due to an accounting error where depreciation was wrongly calculated using Written Down Value instead of Straight Line Method. Management says the amounts were not material to prior years and recognized the full correction in Q1 2026. The statutory auditor BSR & Co. LLP issued an unmodified review report, meaning no concerns were raised. The company is a consumer packaging focused firm with 10 manufacturing facilities in India.
The slight revenue growth and PAT decline may disappoint investors expecting stronger performance. The prior period depreciation correction adds a one-time charge but strengthens balance sheet accuracy. The clean audit opinion is positive.