Investor Presentation for the quarter ended June 30, 2026

July 27, 2026 Department of Corporate Services The Listing Department, BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeeboy Towers Exchange Plaza, Mumbai – 400001 Bandra Kurla Complex Scrip Code - 509820 Bandra (East), Mumbai 400 051 Symbol – HUHTAMAKI Sub: Investor Presentation for the 2nd quarter ended June 30, 2026. Dear Sir/Madam, This is further to our letter dated July 21, 2026, intimating about an Earnings Conference Call to be hosted by the Company on Monday, July 27, 2026 at 03.30 p.m. (IST). Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the presentation for Analysts / Investors on unaudited financial results of the Company for 2nd quarter ended June 30, 2026. The presentation is also available on Company’s website at https://www.flexibles.huhtamaki.in/. Kindly take the same on your records. Thanking you, For Huhtamaki India Limited Ramya Mohan Whole Time Director DIN: 11593706 Encl.: As above Registered & Corporate Office: Tel: +91 (022) 6174 0100 Huhtamaki India Limited CIN: L21011MH1950FLC145537 7th Floor, Bellona, www.flexibles.huhtamaki.in The Walk, Hiranandani Estate, Ghodbunder Road, Thane West- 400 607 Maharashtra. Earnings presentation-Q2 2026 Huhtamaki India Limited Kamal Taneja Managing Director Amit Gupta Chief Financial Officer 1 July 27, 2026 Earnings Presentation April-June 2026 Disclaimer Information presented herein contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or Huhtamaki India Limited's (the Company) future financial performance, including, but not limited to, strategic plans, potential growth, expected capital expenditure, ability to generate cash flows, liquidity and cost savings that involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Such risks and uncertainties include, but are not limited to: (1) general economic conditions such as movements in currency rates, volatile raw material and energy prices and political uncertainties; (2) industry conditions such as demand for the Company’s products, pricing pressures and competitive situation; and (3) the Company’s own operating and other conditions such as the success of manufacturing activities and the achievement of efficiencies therein as well as the success of pending and future acquisitions and restructurings and product innovations. Future results may vary from the results expressed in, or implied by, forward-looking statements, possibly to a material degree.All forward-looking statements made in this presentation are based on information currently available to the management, and the Company assumes no obligation to update or revise any forward-looking statements. Nothing in this presentation constitutes investment advice and this presentation shall not constitute an offer to sell or the solicitation of an offer to buy any securities or otherwise to engage in any investment activity 2 July 27, 2026 Earnings Presentation April-June 2026 Delivered improved net sales and strong margins in Q2'26 • Market environment and impact- Net sales growth was driven by a healthy mix of price and volume with pricing offsetting commodity hurts from middle east crisis. Margins remained healthy, supported by volume growth and operational efficiencies, partially impacted by a one-time impairment charge. • Financial performance – Net sales up by 23.1 YoY – EBITDA and EBIT higher by 55.1% and 71.8% YoY respectively – PBT* higher by 77.5% YoY while EPS* higher by 77.3% YoY • Aligned with our global strategy, the company remains focused on profitable growth, disciplined capital allocation, and stronger accountability *Excluding exceptional item 3 July27,2026 Earnings Presentation April-June 2026 Financial review 4 July 27, 2026 Earnings Presentation April-June 2026 Delivered profitable growth through strong execution across volume, pricing and efficiency Change vs. Change vs. MINR Q2 26 Q2 25 H1 -26 H1 25 • Q2 2026 net sales grew by +23%, Q2 25 H1 25 driven by healthy mix of volume Sale of products and services 7,286.0 5,919.4 23.1 % 13,222.3 11,849.8 11.6 % and price offsetting hurt from commodity inflation. EBITDA 764.4 492.7 55.1 % 1,385 990.2 39.9 % • Higher YoY EBITDA and EBIT were EBITDA % 10.5% 8.3% 10.5% 8.36% contributed by volume, operational EBIT 621.6 361.8 71.8 % 1,007.3 732.5 37.5 % efficiencies partially offset by a one-time impairment charge EBIT % 8.5% 6.1% 7.6% 6.2% Finance Cost 33.7 30.6 -10.1 % 69.0 60.8 -13.4 % • Higher YoY PBT* Profit/(Loss) before Tax* 587.9 331.2 77.5 % 938.3 671.7 39.7 % • H1 2026 includes a non-recurring MINR 88 depreciation adjustment, Profit/(Loss) before Tax 587.9 334.0 76.0 % 938.3 681.2 37.7 % partly offset by a MINR 22 deferred Profit/(Loss) for the period 437.3 249.4 75.3 % 693.3 510.9 35.7 % tax benefit. Earnings in Rs. Per share* 5.79 3.27 77.3 % 9.18 6.67 37.6 % Earnings in Rs. Per share 5.79 3.30 75.3 % 9.18 6.76 35.7 % *Excluding exceptional item 5 July 27, 2026 Earnings Presentation April-June 2026 Improved net sales and margin YoY Net Sales (MINR) EBIT (MINR) and EBIT margin (%) *Excluding exceptional item Q1 –Mar quarter, Q2 –June Quarter, Q3 –Sept Quarter and Q4 –Dec Quarter 6 July 27, 2026 Earnings Presentation April-June 2026 Improvement in gross debt to EBITDA due to increased EBITDA with constant debt levels • At the end of Q2 26: • Net Debt – Nil • Cash and cash equivalents and other bank balances MINR 2,706 • Investment of MINR 1,253 in liquid mutual funds • Unutilized fund-based limits with bank MINR 4,272 *Excluding exceptional item H1 –Jan to June and H2 -July to Dec 7 July 27, 2026 Earnings Presentation April-June 2026 Financial position continue to remain stable MINR Jun-26 Dec-25 • Operating working capital impacted mainly due to higher inventory and higher trade Total assets 2 2,155 2 0,043 receivable • Gross debt remains constant in December Operating working capital 4 ,643 3,051 2025. Net Debt - Nil Net debt - - • Stable financial position Total Equity 1 3,488 1 2,935 Debt - Equity Ratio 0.1 0 .1 Current Ratio 2.2 2 .4 8 July 27, 2026 Earnings Presentation April-June 2026 Cash & Cash Equivalents increased due to stronger operating performance. Lower investments supported the higher working capital Cash flow bridge Cash flow driven by: (MINR) • Higher profit before tax, supporting stronger operating cash generation. • Net investing activities generated a cash inflow, reflecting significantly lower investment deployment. • Higher change in working capital mainly on account higher receivable *Including exceptional item 9 July 27, 2026 Earnings Presentation April-June 2026 Sustainability 10 July 27, 2026 Earnings Presentation April-June 2026 Focus on safety and climate ambition execution People Pillar C l i mate Pillar Nature Pillar Product Pillar Safety as a license to operate Focus on increased climate ambition Focus on water Improving solvent measurements • 12MR YTD TRIR reduced by 40% • Solar captive generation for • Multiple plants, including Khopoli, • Expanded use of recycled content Khopoli is expected in Q3 26 Rudrapur, and Silvassa, continue to in packaging to support circularity. • Family Safety Day engaged which would increase our share maintain Zero Liquid Discharge employees’ families, reinforcing a (ZLD) through water treatment and • Improved resource efficiency of renewable electricity through packaging lightweighting. strong safety culture with reuse. emotional touch • Decarbonization roadmap for • Taloja implemented MVR • 3 label plants and the Khopoli meeting our 2 [Showing first 8,000 characters — download PDF for full document]