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Huhtamaki India Plunges 6%; BSE FMCG Index Down 2.5%
Thu, 24 Oct 13:22

Huhtamaki India Plunges 6%; BSE FMCG Index Down 2.5%Image source: bluebay2014/www.istockphoto.com

Huhtamaki India share price has plunged 6% and is presently trading at Rs 304.0.

Meanwhile, the BSE FMCG index is at 21,320.4 (down 2.5%).

Among the top losers in the BSE FMCG index today are Hindustan Unilever (down 6.3%) and Nestle (down 4.1%).

BOM.BURMAH (up 5.9%) and JYOTHY LABS (up 2.4%) are among the top gainers today.

Over the last one year, Huhtamaki India has moved up from Rs 279.7 to Rs 304.0, registering a gain of Rs 24.3 (up 8.7%).

On the other hand, the BSE FMCG index has moved up from 18,541.7 to 21,320.4, registering a gain of 15.0% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 224.2%), BOM.BURMAH (up 100.7%) and RADICO KHAITAN (up 91.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,060.9 .

The top losers among the BSE Sensex today are Hindustan Unilever (down 6.3%) and Nestle (down 4.1%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,401.9 (down 0.1%). Hindustan Unilever and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,060.9, registering a gain of 15,489.0 points (up 24.0%).

Huhtamaki India Financial Update...

Huhtamaki India net profit fell 63.7% YoY to Rs 117 million for the quarter ended September 2024, compared to a profit of Rs 323 million a year ago. Net sales declined 1.5% to Rs 6,525 million during the period as against Rs 6,625 million in July-September 2023.

For the year ended December 2023, Huhtamaki India reported 725.2% increase in net profit to Rs 4,096 million compared to net profit of Rs 496 million during FY22. Revenue of the company fell 14.5% to Rs 25,494 million during FY23.

The current Price to earnings ratio of Huhtamaki India, based on rolling 12 month earnings, stands at 5.7.


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