Huhtamaki India (NSE: HUHTAMAKI) was established in 1997 and has its manufacturing facilities in Mumbai and Hyderabad. The company provides sustainable packaging solutions for the food and beverage, personal care, and healthcare industries. Huhtamaki India has a wide product range, including cups, containers, lids, flexible packaging, and labels. The company’s products are widely used by major fast food chains, retailers, and consumer goods companies in India and abroad.
In terms of earnings, Revenue from Operations for Q3 FY23 was ₹692.71 crore, a 16% decrease from ₹661.57 crore in the same period last year. The Consolidated Net Profit was ₹16.84 crore, compared to Loss of ₹13.52 crore in the same quarter last year. This quarter’s earnings per share was ₹2.33. As of December 31, 2022, it had a Cash & Bank balance of ₹42.53 Crore, demonstrating its ability to maintain a strong cash position. This should give the business the financial freedom to invest in potential areas of future expansion. Additionally, in Q3 FY23, the company produced cash flow from operations of ₹132.65 Crore.