Q4 2024 Huhtamaki India Ltd Earnings Call Transcript
Key Points
- Huhtamaki India Ltd (BOM:509820) reported a slight improvement in volumes and net sales compared to the same quarter last year.
- The company has a strong focus on sustainability and innovation, with its blueloop products contributing 27.5% to sales, up from 25% the previous year.
- The finance cost has decreased year-over-year due to the retirement of debt, improving the company's financial position.
- The company maintains a strong liquidity position with minimal utilization of credit lines and improved working capital management.
- Huhtamaki India Ltd (BOM:509820) is committed to strong corporate governance and sustainable packaging solutions, aiming for long-term competitive growth.
- Quarter-on-quarter volumes and net sales were lower, indicating a challenging market environment.
- Overall margins have been significantly impacted by raw material inflation and an adverse sales and product mix, leading to lower EBIT year-over-year.
- The company's EBITDA and EBIT for the full year decreased by 28% and 36%, respectively, compared to 2023.
- High freight costs and global geopolitical issues have impacted export sales, contributing to margin pressure.
- The adaptation of high-margin blueloop products is still in its nascent stage, delaying expected improvements in gross margins.
Ladies and gentlemen, good day, and welcome to the Huhtamaki India Limited Q4 CY24 earnings 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 from ICICI Securities. Thank you, and over to you, sir.
Thank you. Good afternoon, everyone. Thank you for joining on Huhtamaki India Limited Q4 CY24 results conference call. We have Huhtamaki India management on the call, represented by Mr. Dhananjay Salunkhe, Managing Director; and Mr. Jagdish Agarwal, Executive Director and CFO. I would like to invite Mr. Dhananjay to initiate with opening remarks, post which we'll have Q&A. Thank you, and over to you, sir.
Yeah. So greetings to everyone, and thanks for joining today's call. And so we start with our safe harbor statement that whatever discussions we will have in this call will not
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