Huhtamaki India’s Q2 margin trails Industrials median by 2.69 points
Standalone operating profit was supported by operations rather than other income, which was negative at Rs -3.67 cr.
Filed 27 Oct 2026, 14:27 IST · Huhtamaki India Ltd (HUHTAMAKI)
Key takeaways
- Huhtamaki India reported standalone operating profit of Rs 59.71 cr, but its 7.77% operating margin was 3.17 percentage points below the Industrials median across 37 reporting peers.
- Other income was negative at Rs 3.67 cr, so non-operating income did not support the standalone profit before tax of Rs 39.43 cr.
- Standalone net profit was Rs 29.73 cr, after depreciation of Rs 13.54 cr, interest of Rs 3.07 cr and a 24.6% tax rate.
Price around the results
Operations generated profit, but margin lagged peers
Huhtamaki India’s standalone operating margin was 7.77%, placing it 3.17 percentage points below the Industrials median of 10.94%. Its margin ranked eighth from the bottom among the 37 sector peers that had reported the quarter. With no quarter-on-quarter or year-on-year comparison available, the peer gap is the clearest measure of relative performance.
Other income was a drag, not a profit cushion
Other income was negative at Rs 3.67 cr, so reported earnings were not lifted by non-operating income. Depreciation of Rs 13.54 cr and interest of Rs 3.07 cr reduced operating profit of Rs 59.71 cr to profit before tax of Rs 39.43 cr. The 24.6% tax rate then left standalone net profit at Rs 29.73 cr, or EPS of Rs 3.94.
No market reaction or management commentary yet
The results were filed on 27 October 2026 at 14:27 IST, before the market close, and there is no reported post-results share-price reaction to assess. No verified management commentary was provided with the quarter, so the operating margin and the negative other-income line are the main points to track.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹769 cr |
| Other income | ₹-4 cr |
| Expenses | ₹709 cr |
| Operating profit | ₹60 cr |
| Operating margin (%) | 7.77% |
| Interest | ₹3 cr |
| Depreciation | ₹14 cr |
| Profit before tax | ₹39 cr |
| Tax | ₹10 cr |
| Net profit | ₹30 cr |
| EPS (₹) | ₹3.94 |
Operating margin of 7.77% compares with a Industrials sector median of 10.94% across 37 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +20.00% | +20.22% |
Volume on the results session was 5.30× its 20-day average.
What to watch
- Whether standalone operating margin moves from 7.77% in the next reported quarter.
- Whether other income recovers from negative Rs 3.67 cr.
- Whether the gap to the Industrials median of 10.94% narrows or widens.