HUHTAMAKI2024-04-012024-06-30 HUHTAMAKI2024-04-012024-06-30 HUHTAMAKI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member HUHTAMAKI2024-04-012024-06-30in-bse-fin:FourOperatingExpenses01Member HUHTAMAKI2024-06-30 HUHTAMAKI2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HUHTAMAKI2024-04-012024-06-30in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HUHTAMAKI2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member HUHTAMAKI2024-04-012024-06-30in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 509820 HUHTAMAKI NOTLISTED Huhtamaki India Limited Equity 2024-01-01 2024-12-31 2024-07-23 2024-07-16 INR Millions Half yearly 13:25:00 15:00:00 2024-07-23 2024-07-23 true Cash Flow Indirect Not applicable Single segment Consumer Packaging 2024-04-01 2024-06-30 Unaudited Standalone 6394500000.00 63200000.00 6457700000.00 4418200000.00 0.00 11800000.00 653000000.00 49900000.00 119500000.00 991900000.00 6244300000.00 213400000.00 294800000.00 508200000.00 36200000.00 86600000.00 122800000.00 0.00 385400000.00 0.00 0.00 0.00 0.00 385400000.00 1000000.00 386400000.00 0.00 0.00 151100000.00 2 5.10 2.10 0.00 0.00 5.10 2.10 A. The Company's business segment is primarily consumer packaging and all other activities of the Company are incidental to this business segment. B. During the previous year ended December 2023, the Company had executed four conveyance deeds and had received Rs. 4,009.0 million under two conveyance deeds. The results for the year ended December 31, 2023 included the impact of profit in respect of these two conveyance deeds amounts to Rs. 3,916.0 million (and tax thereon of Rs 836.0 million) which had been disclosed as Exceptional item . During the quarter ended June 2024, the conditions precedent in respect of the balance two conveyance deeds have been satisfied and the Company has received the balance consideration of Rs. 221.7 million (the Company had received an advance of Rs. 59.5 million during the previous year ended December 31, 2023). The results for the quarter and half year ended June 30, 2024 include the impact of profit in respect of these two conveyance deeds amounting to Rs. 278.1 million which has been disclosed as Exceptional items and consequently Capital Gains Tax on the same amounts to Rs. 63.6 million During the previous year ended December 2023, the Company had also executed a Deed of Assignment for Ambernath flexible plant for a consideration of Rs.300.0 million. The results for the previous year ended December 31, 2023 include the impact of profit of Rs. 170.9 million that has been disclosed as Exceptional item and consequently Capital Gain tax reversal on the same is Rs. 16.7 million. During the previous year ended December 2023, with the objective to achieve economies of scale, optimise production processes and reduce overall operating expenses, the Company, during the previous quarter and half year ended June 2023, relocated its Labels manufacturing capacities at three sites to other existing Label manufacturing sites. Pursuant thereto, the Company had charged accelerated depreciation of Rs. 12.8 million in respect of property plant and equipment that are not useable at other locations. Further, the Company had paid Rs. 6.6 million towards settlement package for the employees in the above three locations and disposal cost of Rs. 2.0 million. The aforementioned expenses, which aggregate to Rs. 21.4 million have been disclosed as an “Exceptional Item” for the previous quarter and half year ended June 30,2023 and previous year ended December 31, 2023. Consequent to circular resolution dated October 31, 2023, the Company had announced a Voluntary Retirement Scheme (VRS) for its eligible employees at the Hyderabad plant and approved by the Board of Directors of the Company on the same date. In response to the scheme, 93 employees opted for the VRS which involved a pay-out cost of Rs 287.5 million. In addition, the Company had stopped production at the Hyderabad plant with no material impact to the business and the Company had charged accelerated depreciation of Rs. 29.2 million in respect of property plant and equipment that are not useable at other locations. The results for the previous year ended December 31, 2023 include the impact of the VRS schemes and the accelerated depreciation and same has been disclosed as Exceptional Item . During the previous year ended December 2023, the Company had also rolled out a Voluntary Retirement Scheme (VRS) for certain category of its employees working at its Khopoli Plant. Pursuant thereto, 39 employees opted for Voluntary Retirement involving a pay-out of approximately Rs. 53.5 million to the employees. The results for the previous year ended December 31, 2023 include the impact of the VRS schemes and same has been disclosed as Exceptional Item . C. The above unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on July 23, 2024. D. The statutory auditors have issued an unmodified report on the above unaudited financial results. Single segment 2024-01-01 2024-06-30 Unaudited Standalone 12495700000.00 146400000.00 12642100000.00 8721700000.00 0.00 -244700000.00 1269700000.00 97600000.00 214700000.00 2018900000.00 12077900000.00 564200000.00 294800000.00 859000000.00 174300000.00 39000000.00 213300000.00 0.00 645700000.00 0.00 0.00 0.00 0.00 645700000.00 -300000.00 645400000.00 0.00 0.00 151100000.00 2 8.55 5.54 0.00 0.00 8.55 5.54 Other Expenses 991900000.00 Other Expenses 2018900000.00 5220500000.00 303700000.00 623800000.00 35000000.00 0.00 1000000.00 157900000.00 158900000.00 142600000.00 173800000.00 6658300000.00 3288800000.00 903900000.00 5838300000.00 651900000.00 1640900000.00 7500000.00 31600000.00 9074100000.00 798500000.00 537200000.00 13698600000.00 20356900000.00 151100000.00 11621200000.00 11772300000.00 11772300000.00 2000000000.00 452700000.00 2452700000.00 66500000.00 139600000.00 2658800000.00 87800000.00 5128400000.00 293200000.00 5509400000.00 146500000.00 252000000.00 17900000.00 5925800000.00 8584600000.00 20356900000.00 95800000.00 -605600000.00 -447100000.00 0.00 -118000000.00 0.00 0.00 0.00 0.00 459000000.00 0.00 -61800000.00 -143100000.00 214700000.00 131700000.00 0.00 24900000.00 0.00 0.00 7600000.00 0.00 72200000.00 4400000.00 0.00 0.00 -330700000.00 0.00 -10800000.00 0.00 -851200000.00 7800000.00 0.00 0.00 0.00 96000000.00 0.00 -88200000.00 0.00 0.00 1373900000.00 1450000000.00 0.00 0.00 0.00 0.00 25400000.00 288000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 220900000.00 0.00 0.00 0.00 0.00 0.00 0.00 74400000.00 233400000.00 10600000.00 0.00 -266200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21400000.00 377600000.00 38300000.00 0.00 0.00 -437300000.00 -791700000.00 -1200000.00 -792900000.00 1444800000.00 651900000.00 Remeasurement of defined benefit liability/(asset) 0.00 Remeasurement of defined benefit liability/(asset) -1700000.00 0.00 -1700000.00 0.00 -400000.00 Fair value of cash flow hedges through other comprehensive income/ (loss) (Net) 1300000.00 Fair value of cash flow hedges through other comprehensive income/ (loss) (Net) 1300000.00 1300000.00 1300000.00 300000.00 300000.00