Huhtamaki India to close Baddi PS Labels unit by Oct 30, 2026
Huhtamaki India will close its Baddi PS Labels manufacturing unit by October 30, 2026. This aims to improve operational efficiency and competitiveness. The Baddi unit contributed ₹21.88 crore (0.92%) to FY25 revenue. The company is consolidating operations at Ambernath and Bangalore.
The contribution of the Baddi unit to the company's overall revenue is less than 1% (0.92%), and the company has indicated that the closure is not material from a threshold perspective. The consolidation is expected to improve efficiency, suggesting a controlled operational adjustment rather than a significant disruption.
The closure of a manufacturing unit is a significant operational change. However, the company states it is not material from a threshold perspective and aims to improve efficiency, which can be viewed neutrally. There are no immediate negative financial impacts highlighted beyond the contribution of the specific unit.
Huhtamaki India Limited has announced the planned closure of its Pressure Sensitive (PS) Labels manufacturing operations at the Baddi facility in Himachal Pradesh. This decision, approved by the Board of Directors via circulation on September 1, 2026, is part of a broader strategy to enhance operational efficiency, leverage scale, optimize capacity utilization, and rationalize costs. The company aims to strengthen the long-term competitiveness of its business by consolidating its PS Labels operations at its existing facilities in Ambernath, Maharashtra, and Bangalore, Karnataka.
The Baddi unit contributed ₹21.88 crore (INR 218.76 Million) to the Company's revenue during FY 2025, representing approximately 0.92% of the total revenue. The net worth of Huhtamaki India Limited as of December 31, 2025, was ₹1293.50 crore (INR 12,935 Million).
The estimated date for the closure of the Baddi facility is October 30, 2026. The company stated that the closure is not material from a materiality threshold perspective.
A plain-language summary of a public exchange filing by Huhtamaki India Limited. Read the original for the full detail.