Huhtamaki India Earnings Call Transcript: Key Takeaways
Huhtamaki delivered record sales growth, but PAT was severely hit by a ₹9.6 Cr restructuring charge for closing the Baddi plant.
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Huhtamaki delivered record sales growth, but PAT was severely hit by a ₹9.6 Cr restructuring charge for closing the Baddi plant.
Q2FY27 consolidated revenue ₹105.6 Cr (+102.3% YoY), EBITDA ₹25.2 Cr (+84.1%), PAT ₹17.2 Cr (+84.4%). H1 FY27 revenue ₹193.2 Cr (+125.9%). Strategy: integrated API-to-formulations platform.
Q2 FY27 consolidated revenue ₹40,475 Cr (+11.4% YoY), EBITDA ₹21,879 Cr at 54.1% margin, PAT ₹8,387 Cr (+13.7%). Net leverage 0.10x; 542.4 Mn customers, 300 Mn on 5G.
Sun Pharma delivered resilient double-digit revenue growth despite U.S. specialty headwinds, masking underlying margin pressure from lower Lenalidomide sales.
Spandana shows operational recovery with AUM crossing ₹5,000 Cr, but masks stress via ARC sales.
Globus Spirits reported a strong 15% YoY revenue growth, driven by consumer business scaling while navigating transient grain and fuel cost pressures in the manufacturing segment.
Q2 FY27 adjusted revenue ₹1,033 Cr (+172% YoY, Imperial Blue acquisition), EBITDA ₹146 Cr (14.1%), PAT ₹66 Cr (6.4%). Strategy: pan-India, luxury and super-premium push.
Q2 FY27 Operating Income ₹1,027 Mn (-36.7% YoY), Op EBITDA ₹330 Mn (32.2% margin), PAT ₹369 Mn (-23.7%). Management blames one-off travel and visa disruption and expects H2 recovery.
Management reports strong growth led by domestic CV demand and operational leverage. The transition to higher-value casting and machining products is driving margin expansion.
Q2 FY27 revenue INR 7,836 mn (+21.2% YoY), EBITDA INR 1,814 mn (23.2% margin), PAT INR 1,298 mn (+17.4%). H1 revenue +20.8%, PAT +19.5%. CPCU conversions +18.2% YoY.
Q2FY27 total income ₹15.9bn (-17% YoY), EBITDA ₹4.1bn (26% margin), PAT ₹1,531mn vs ₹8,950mn LY (exceptional-driven). Net debt ₹89.7bn.
H1 FY27 standalone revenue ₹1,679.46L (+96.8%) and EBITDA ₹1,230.59L (+59.2%). PAT ₹24.63L vs ₹8.36L. Consolidated PAT fell to ₹68.12L from ₹181.70L. Strategy: 300 MW by 2030.
Q2 FY27 standalone PAT Rs 21,630 Cr versus Q1 loss of Rs 2,661 Cr. GRM US$18.52/bbl versus US$15.59. Refinery expansions near completion.
Q2 FY27 consolidated revenue ₹28,440 Mn (+73% YoY), EBITDA ₹6,054 Mn (21.3% margin), PAT ₹3,012 Mn (10.6% margin). Growth from capacity expansion and UK consolidation.
Deepak Nitrite delivered its highest-ever quarterly performance, driven by Phenolics volume growth and improved customer engagement. The company is pivoting from a nitration focused player to an integrated nitrogen and advanced materials platform.
Standalone Q2 FY27 revenue Rs340.5 Cr (+14.1%), EBITDA margin 8.9% (vs 15.3%), PAT Rs13.8 Cr (-45.9%). H1 revenue +16.4%, PAT +8.3%. Mix and RM costs hit margins.
TCI reported double-digit revenue growth driven by Seaways and Supply Chain, despite muted profits from JV headwinds.
Q2 FY27 revenue ₹705 Cr (+17% YoY), EBITDA ₹45 Cr (-12%), net loss ₹52 Cr. Volume +26%, margin pressure from costs and soft prices.
Revenue jumped 47% YoY driven by passenger vehicle premiumization and EV adoption. Margins faced pressure from soaring copper prices and wage hikes.
Q2 FY27 consolidated operating income Rs 164.13 Cr (+20% YoY), PAT Rs 72.37 Cr (+26%), PAT margin 40%. Ratings business drove growth; no explicit guidance given.
Asian Energy reported massive 148% H1 revenue growth, driven by successful Vedanta project execution and Oilmax synergy.
Q2 FY27 revenue ₹1,962 Cr (+69% YoY), EBITDA ₹89.5 Cr, PAT ₹35.7 Cr; H1 PAT ₹70.9 Cr (+88%). Copper tubes 24% of Q2 revenue.
Aditya Vision delivered record Q2 performance despite regional floods, though growth is primarily driven by store expansion into new states.
H1 FY27 standalone: total income ₹7,457.29L (+5.96%), PBT ₹243.12L (+17.99%), PAT ₹198.10L (+44.34%), EBITDA ₹308.87L (+18.73%). Liquor and trading expansion underway.
Management focused on transition to Small Finance Bank (SFB) while rebuilding B2B and UPI volumes. Profitability remains under pressure due to heavy investment in technology and people ahead of the license conversion.
Q2 FY27 consolidated revenue INR 31,104 Lacs (+13.2% YoY); adj. EBITDA INR 7,150 Lacs (+22.7%, 23.3% margin); PAT INR 3,110 Lacs (+3.7%). Raipur ramp-up dilutes reported margins.
Consolidated Q2 FY27 revenue Rs 58.1 Cr (+2% YoY), EBITDA Rs 1.1 Cr (1.9% margin), PAT loss Rs 1.5 Cr. H1 FY27 PAT loss Rs 5.9 Cr. Premiumisation push continues.
Borosil Renewables faced operational headwinds from furnace maintenance and volatile gas prices, masking strong underlying solar demand.
Welspun Living delivered a resilient performance despite Vapi facility flood disruptions, achieving net-cash status.
EPACK reported strong 106% revenue growth but suffered margin compression due to forex losses and commodity volatility.