Huhtamaki India shares jumped more than 12% in Thursday’s trade after the company reported a strong improvement in profitability for the September quarter, even as revenue declined slightly. As of 9:34 AM, the shares were trading 12.61% higher at Rs 256.72.
The company posted a 4.15% year-on-year drop in revenue to ₹625 crore compared to ₹652 crore in the same quarter last year.
However, the company’s operating performance showed a remarkable turnaround. EBITDA rose a massive 211% to ₹55.7 crore from ₹17.9 crore, with margins expanding sharply to 8.9% from 2.7% a year ago — an improvement of 616 basis points. Net profit, too, surged 213% to ₹36.7 crore from ₹11.7 crore in the corresponding quarter last year.
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