Huhtamaki India (509820) Q4 2025 earnings summary

Executive summary

• Q4 and FY 2025 volumes were flat sequentially but declined year-over-year, with profitability rising sharply due to operational efficiency, favorable sales mix, and cost optimization.

• Net sales for Q4 2025 were INR 5,991.3 million, flat year-over-year; full year net sales declined 2.5% to INR 23,890.4 million.

• Q4 2025 profit before tax rose to INR 410 million from INR 152 million in Q4 2024; full year PBT before exceptionals grew 83% to INR 1.57 billion.

• Net profit for FY 2025 was INR 1,181.6 million, up from INR 879.7 million in FY 2024.

• Audited financial results for Q4 and FY 2025 were approved with an unmodified audit opinion; a Rs. 2 per share dividend was recommended.

Financial highlights

• Q4 2025 net sales: INR 5,991.3 million, flat year-over-year; full year net sales: INR 23,890.4 million, down 2.5%.

• Q4 2025 EBITDA rose 94.1% YoY to INR 621.4 million; EBIT up 167% YoY to INR 486 million.

• Full year EBIT before exceptionals: INR 1,739 million, up 68% YoY; full year EBITDA margin improved to 9.5%.

• FY 2025 net profit: INR 1,181.6 million; EPS for Q4: INR 4.02; full year basic and diluted EPS: INR 15.65.

• Total comprehensive income for FY 2025 was INR 1,150.8 million.

Outlook and guidance

• Management prioritizes profitable growth, capital discipline, and cost efficiency, with a focus on sustainable packaging solutions.

• Margin improvements are considered sustainable due to structural changes, though external factors like regulation and market demand remain key variables.

• Renewable energy generation is targeted for Q2 2026 as part of sustainability initiatives.