Q3 2024 Huhtamaki India Ltd Earnings Call Transcript
Key Points
- Huhtamaki India Ltd (BOM:509820) reported a 2% increase in net sales quarter-on-quarter, indicating some growth despite challenging market conditions.
- The company is focusing on long-term competitiveness and profitable growth through innovative product portfolios and operational excellence.
- Huhtamaki India Ltd (BOM:509820) is investing in sustainable packaging solutions, aligning with customer sustainability pledges.
- The company's liquidity position is strong, with a debt liquidity ratio of 0.1, and most external debts have been repaid.
- The blueloop product line, which contributes 27-28% of sales, is expected to offer higher gross margins due to its innovative and sustainable nature.
- Margins were significantly impacted due to adverse customer and product mix, as well as inflation in raw materials.
- Revenue for the quarter decreased by 1.5% year-on-year, reflecting challenges in maintaining top-line growth.
- EBITDA for the quarter decreased by approximately 36% compared to Q3 2023, indicating pressure on profitability.
- The company faces challenges from global supply chain disruptions and geopolitical issues, affecting both exports and raw material imports.
- There is a subdued end consumer demand, particularly in the FMCG sector, impacting the company's performance.
Ladies and gentlemen, good day and welcome to Huhtamaki India Limited Q3 CY24 results conference call hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Mohit Mishra. Thank you and over to you, sir.
Good afternoon, everyone. Thank you for joining Huhtamaki India Limited Q3 CY24 result conference call. We have Huhtamaki India management on call represented by Mr. Dhananjay Salunkhe, Managing Director; Mr. Jagdish Agarwal, Executive Director and Chief Financial Officer.
I would like to invite Mr. Dhananjay to initiate with opening remarks post which we will have Q&A session. Over to you, sir.
Thank you. Good afternoon, ladies and gentlemen. With our tradition, this is a quarter three call. And before we start our discussions, let me start with our safe harbor statement that whatever we discuss during
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