'Huhtamaki India net
sales declined 2.50% to Rs 668.73 crore in Q3CY21 compared to Q3CY20. Operating profit margin has declined from
11.29% to 4.68%, leading to 59.60% decline in operating profit to Rs 31.28
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 64.33% to 71.09%. Employee cost decreased from 10.60% to
9.34%. Other expenses rose from 13.53%
to 14.73%.
Other income fell
64.93% to Rs 1.01 crore.
PBIDT fell
59.79% to Rs 32.29 crore. Provision for interest up 13.31% to Rs 6.98
crore. PBDT fell 65.87% to Rs 25.31
crore. Provision for depreciation down
6.11% to Rs 23.04 crore.
Profit before EO
was down 95.42% to Rs 2.27 crore.
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