Huhtamaki India Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 05:06 pm
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Huhtamaki India Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was INR 6,651.4 million compared to INR 6,411.5 million a year ago. Net loss was INR 35 million compared to net income of INR 267.2 million a year ago. Basic loss per share from continuing operations was INR 0.46 compared to basic earnings per share from continuing operations of INR 3.54 a year ago. For the half year, total revenue was INR 13,035.4 million compared to INR 12,247.3 million a year ago. Net income was INR 126.7 million compared to INR 540.3 million a year ago. Basic earnings per share from continuing operations was INR 1.68 compared to INR 7.16 a year ago.
Huhtamaki India Limited is a provider of primary consumer packaging and decorative labelling solutions in India. The Company provides pack designs and formats through a portfolio of packaging solutions. Its product ranges include food packaging, beverages, petfood, tube laminates, health care, personal care and household, labels, other specialties, and recyclable solutions. Its food packaging products include biscuits and snacks, confectionery, dairy and baby food, ice cream, ready meals, and soups and sauces. Its beverage packing products include coffee, juices and non-alcoholic drinks, liquor and cocktails, powdered beverages, and nutrition drinks. Its solutions include barrier and recyclable laminates, specialized pouching-like-shaped, five and six panel pouches, thermoforms, decorative labels, digitally printed laminates for pack personalization and tube laminates. Its tube laminates are designed for segments such as food, oral care, skin care, pharma, and other non-food items.