Analysts/Institutional Investor Meet/Con. Call Updates

November 2, 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: Transcript of Earnings call for the 3rd quarter ended September 30, 2026. Dear Sir/Madam, This is further to our letter dated October 30, 2026, whereby the Company had submitted the link to the audio/video recording of the Earnings Call held post announcement of the unaudited financial results for the 3rd quarter ended September 30, 2026. Pursuant to the Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, please find enclosed the transcript of the said Earnings Call, for your information and records. The same 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 Akanksha Kandoi Company Secretary & Compliance Officer 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. Huhtamaki India Limited October 30, 2026 “Huhtamaki India Limited Q3 CY26 Results Conference Call” October 30, 2026 MANAGEMENT: MR. KAMAL TANEJA – MANAGING DIRECTOR – HUHTAMAKI INDIA LIMITED MR. AMIT GUPTA – CHIEF FINANCIAL OFFICER – HUHTAMAKI INDIA LIMITED MODERATOR: MR. MOHIT MISHRA – ICICI SECURITIES LIMITED Moderator: Ladies and gentlemen, good day, and welcome to the Huhtamaki India Limited Q3 CY26 Results Conference Call. As a reminder, all participant lines will be in the listen-only mode and there Page 2 of 21 Huhtamaki India Limited October 30, 2026 will be an opportunity for you to ask questions after the presentation concludes. Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Mishra from ICICI Securities. Thank you, and over to you, sir. Mohit Mishra: Yes. Thanks, Tharun. Good afternoon, everyone. Thank you for joining Huhtamaki India Limited Q3 CY26 Results Conference Call. We have the Huhtamaki India management on call represented by Mr. Kamal Taneja, Managing Director; and Mr. Amit Gupta, CFO. I would now like to invite Mr. Kamal Taneja to initiate with opening remarks, post which we will have a Q&A session. Thank you, and over to you, sir. Kamal Taneja: Thank you, Mohit. I hope everybody can hear me. Welcome to the quarter 3 call. I think as you noticed here, we are doing a different format this time. So instead of conference call, we're doing a video call. My request to you would be that if you're asking questions after the call -- after the presentation, please put your video on if possible. And so first of all, I'm going to start with the first slide, which is about the disclaimer. As you know, whenever we present something to the investor community, there might be some things that are kind of forward-looking. Again, this is our best estimate on what we are saying. They depend on a lot of external factors such as the markets, industries and of course, a lot of things that go within our company as well. So you need to take that into consideration as a risk to what we are saying. The second one, which is very important here is that we are not seeking any investment advice or services, any investment from your side. We are just presenting the way it is and how we have seen the quarter go and partly how we see the market go in future as well. So with that, I'm going to start the presentation. This will only take a few minutes. So me and Amit will share this. Before we share with you the financial numbers, we internally always start every presentation with a safety slide. This is our way of working. So I thought this time, I'm also going to share that with you because safety is our foremost priority and it is also our group's zero ambition -- zero-harm ambition. So I'm pleased to tell you that in the third quarter, we actually had no incident. So no first aid, no medical incident or no lost time. We monitor this through the year. We also look at moving average -- moving month average over the last 12 months. And we are also making huge significant actually improvement there. Now a lot of companies look at just the numbers specific KPIs. But in Huhtamaki, we actually focus on the leading indicators, which actually impact the safety of our coworkers. So we, for example, give a lot of emphasis to things like near-miss reporting. So we have thousands and thousands of near-miss reporting from very smallest to very high severity impact near-misses, which we record every year and take action on that. Page 3 of 21 Huhtamaki India Limited October 30, 2026 And we mainly focused on preventative safety observations, yes. So this is how we work in Huhtamaki, when the safety is concerned. Now Amit will give you the numbers. I think you've seen our disclosure to the stock exchange as well. We had a pretty good month, pretty good -- sorry, quarter. As you have seen from the last few quarters, especially since beginning of this year, every quarter, we have shown volume growth. So no difference again. We had a pretty successful run in third quarter as well despite what you are seeing geopolitically, all the disruptions, supply issues and sometimes also cost issues. I think we are pretty good in handling that already. In fact, some of our best practices are also shared within the group as well. So despite all that, we have made sure that our customers have uninterrupted supply of materials from our side and also products that we built for them are on time and with the right quality that they've demanded. Because of that, our revenue has grown, as you would have seen almost 23%, 24%. And that revenue growth is a mixture of inflation or the material inflation pass-through that we do to our customers as per our contract with them, but also a very healthy mix with the volume growth as well. I think one thing that you would have noticed is that our EBIT -- reported EBIT was kind of flat compared to third quarter last year. But the third quarter last year, we also had some one- offs gains, which were not repeated. So if you look at comparable basis, we were almost 18% up year-on-year for the third quarter. So if I can summarize that, net sales increased by 23.7% or 24%. EBITDA 1.2% and 0.1% with a caveat that like-to-like on a comparable basis, more like 18%. But nevertheless, we still kind of kept it flat or slightly up. You would have also noticed that we actually announced a closure of our factory in Baddi. So this is a labels plant during the quarter. So it's undergoing that period, 2 months' notice period at the moment. So we are closing in fact by tomorrow. It's gone very smoothly and our customers are okay with that, and we've made sure that there's no, let's say, disruption to the supply to them. So we've essentially moved those volumes to the other two label plants we have in India. So because of that, there's a charge of INR96 million, which actually impacts the 19.1% decline that you see on PAT. Again, it's a onetime item. And actually, it is going to improve our efficiency and optimize cost in near future as well. So with that, I'm going to ask -- one more thing, yes. So we -- in the calls, we always get a lot of questions on blueloop, how we're doing, etcetera. Now what you see here is that we just recently actually just last month, we won these three awards from IFCA. So IFCA is the Indian Folding Carton and Flexible Packaging award community. And it's kind of neutral with whatever product that we do. So they've actually awarded with this very prestigious 3 product groups. And you see OmniLock, this is actually a stand-up pouch for the cocoa powder, blueLite, which is actually where -- it' [Showing first 8,000 characters — download PDF for full document]