Huhtamaki India slides on Q4 profit fall

Huhtamaki India

24/04/2024 05:39

** Shares of packaging and labelling company Huhtamaki India
 HUHT.NS  fall as much as 8.2% to 318.1 rupees on Q4 results
    ** Shares last down 7.8%
    ** Co says its Q4 profit fell 26.7% y/y to 260.3 mln rupees 
($3.1 mln); total rev from ops fell 7.8% due to supply chain
issues
    ** Stock set for biggest one-day decline since Dec. 23,
2022, if trend holds
    ** HUHT set to snap three straight sessions of gains
    ** Trading vol is 2.2x the 30-day daily avg
    ** Stock up 11.7% so far in 2024, after gaining 43.9% in
2023



($1 = 83.2800 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))