DINESH

Huhtamaki India

Industry: Packaging
Latest CMP 277
Today's Change ▼ -1.63%
52-Week High / Low 319 | 148
Price Date: 14-Aug-2026
Recommendation Strong Buy
Target Price 383
Expected Upside 17.6%
Forecast Horizon 2 Years
Historical CAGR 10.1%
1,000 Invested 15-Aug-2006
Today's Value 6,804
Investment Period 20 Years

Stock Snapshot

Post Results Return
+37.1%
Strong Positive Re-rating
1-Year Target Price
391
2-Year Target Price
383
52-Week High / Low
319 / 148
20-Day Return
+10.9%
Market Cap (Cr.)
2,092
Current PE
17.1
P/BV Ratio
1.6
Dividend Yield
1.1%
Industry PE
20.1

Price Performance

Basis of our Recommendation

Huhtamaki India's management is focused on a strategic shift towards profitable growth, emphasizing high-value, sustainable packaging solutions. This approach is expected to enhance revenue growth and stabilize margins, supported by operational efficiency and cost management. The company's recent margin improvements are viewed as structural, bolstered by the ability to pass on inflationary costs to customers. Vista's financial outlook reflects a recovery in revenue growth following previous contractions, with stable margins anticipated. The balance sheet remains conservatively financed, providing a solid foundation for future investments. However, the company faces challenges from rising supply chain risks and geopolitical tensions, which could impact growth trajectories. The macro environment in India is favorable, with strong manufacturing activity and contained inflation, further supporting Huhtamaki's outlook. Over the next 12-24 months, key opportunities include the integration of sustainable materials and the commissioning of renewable energy projects, while watchpoints include managing supply chain disruptions and maintaining operational efficiency amidst inflationary pressures

👍 Why We Like This Stock

  • Management's strategic shift towards high-value, sustainable packaging solutions is expected to drive revenue growth
  • Recent margin improvements are structural, supported by effective cost management and the ability to pass on inflationary costs
  • The favorable macro environment in India, characterized by strong manufacturing activity and contained inflation, supports Huhtamaki's growth outlook

Things To Watch Out For

  • Rising supply chain risks and geopolitical tensions pose significant challenges to growth and operational stability
  • The company's cautious approach to capital allocation may limit aggressive expansion opportunities
  • Inflationary pressures could impact margins if cost pass-throughs become less effective

Key Parameters

Balance Sheet Strength
Conservatively Financed
Market Share
Stable
Industry Outlook
Weakening
Analyst View
Not Available
Dividend History
Consistent
FII Holdings
Reducing

Financial Snapshot

Actuals Forecast
FY24 FY25 FY26 FY27 FY28
Revenue (Cr.) 2,549 2,521 2,469 2,827 2,832
Profit Before Tax (Cr.) 129 80 149 210 200
PBT Margin 5.1% 3.2% 603.5% 7.4% 7.1%
Net Profit (Cr.) 110 73 124 174 166
Earnings Per Share 14.5 9.7 16.4 23.1 22.0

Analyst Recommendations

No analyst recommendations available.

Consensus Recommendation ► None
Consensus Target
Coverage 0 Analysts
Analysts' Viewpoint

Company Overview

Show Company Profile

Huhtamaki India Limited engages in the manufacture and sale of packaging materials in India. The company offers packaging solutions for beverages; dry and wet culinary packaging solutions; home and personal care packaging, such as beauty, cleaning and laundry, and family care; and pet food packaging. It also provides pharmaceutical packaging; functional labels, anti-counterfeit labels, extended text labels, value-added aesthetic labels, and other labeling solutions; PE products under the blueloop brand; products for PET and PE platforms under the blueLite brand; PO and PP Retort products under the blueloop brand; and laser engraved cylinders. The company was formerly known as Huhtamaki PPL Limited and changed its name to Huhtamaki India Limited in November 2020. The company was founded in 1935 and is based in Thane, India. Huhtamaki India Limited operates as a subsidiary of Huhtavefa BV.