
TCPL Packaging vs Huhtamaki India: Share Price, Comparison and Key Differences
TCPL Packaging MCap Rs 2,849 Cr, PE 29.13x, ROE 13.61%, D/E 0.88. Huhtamaki India MCap Rs 2,073 Cr, PE 15.20x, ROE 10.11%, D/E 0.11.
Updated: 11 Aug 2026 • 1:13 pm
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TCPL Packaging vs Huhtamaki India is a comparison packaging investors look up when evaluating two mid-size listed Indian packaging companies. TCPL Packaging (Tata Consumer Products Ltd's packaging subsidiary through associated company) makes folding carton boxes, paper cups and packaging for food, beverage and consumer products. Huhtamaki India (formerly PPL – Paper Products Ltd, now Huhtamaki PPL), a subsidiary of Huhtamaki Oyj (Finland), manufactures flexible packaging laminates and sleeves for FMCG, food and personal care companies in India.
This TCPL Packaging vs Huhtamaki India article covers reach and market position, key products, latest declared results and stock valuation. The TCPL Packaging vs Huhtamaki India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
TCPL Packaging vs Huhtamaki India: Reach and Market Position
On the TCPL Packaging side of the TCPL Packaging vs Huhtamaki India comparison, TCPL Packaging makes folding carton, mono carton and blister packs for FMCG, pharma and food companies. Market capitalisation is Rs 2,849 Cr.
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On the Huhtamaki India side of the TCPL Packaging vs Huhtamaki India comparison, Huhtamaki India makes flexible packaging laminates, printed packaging films and product sleeves for FMCG, food and personal care clients. Market capitalisation is Rs 2,073 Cr.
TCPL Packaging vs Huhtamaki India: Key Products and Business Mix
In the TCPL Packaging vs Huhtamaki India product comparison, TCPL Packaging offers: TCPL Packaging earns from rigid folding carton and consumer product packaging. EPS is Rs 107.47. PE is 29.13x, ROE 13.61 percent, D/E 0.88.
For Huhtamaki India in this TCPL Packaging vs Huhtamaki India breakdown: Huhtamaki earns from flexible laminate packaging and printed films for FMCG and food. EPS is Rs 18.06. PE is 15.20x, ROE 10.11 percent, D/E 0.11.
TCPL Packaging vs Huhtamaki India: Latest Results
The TCPL Packaging vs Huhtamaki India results for TCPL Packaging: TCPL Packaging has a market cap of Rs 2,849 Cr and PE of 29.13x. ROE is 13.61 percent. TCPL is 1.4 times larger than Huhtamaki India.
The TCPL Packaging vs Huhtamaki India results for Huhtamaki India: Huhtamaki India has a market cap of Rs 2,073 Cr and PE of 15.20x. ROE is 10.11 percent. Huhtamaki is cheaper on PE with lower debt.
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TCPL Packaging vs Huhtamaki India: Stock and Valuation
The TCPL Packaging vs Huhtamaki India stock comparison uses the latest available market data from Groww. Investors tracking TCPL Packaging vs Huhtamaki India should verify current prices on NSE or BSE before trading.
TCPL Packaging vs Huhtamaki at current valuations: TCPL Packaging trades at Rs 2,849 Cr market cap, PE 29.13x, ROE 13.61 percent. Huhtamaki trades at Rs 2,073 Cr market cap, PE 15.20x, ROE 10.11 percent. Huhtamaki is cheaper on PE. TCPL has a higher ROE.
TCPL Packaging vs Huhtamaki India: Quick Comparison Table
The TCPL Packaging vs Huhtamaki India comparison table below summarises the key metrics covered in this article side by side.
| Parameter | TCPL Packaging | Huhtamaki India |
|---|---|---|
| Sector | Rigid folding cartons + paper cups + blister packs (FMCG, pharma) | Flexible packaging laminates + printed films (FMCG, food, personal care) |
| Market Cap | Rs 2,849 Cr | Rs 2,073 Cr |
| P/E Ratio | 29.13x | 15.20x |
| ROE | 13.61% | 10.11% |
| Debt to Equity | 0.88 | 0.11 |
| Parent | Associated with Tata Consumer Products | Huhtamaki Oyj (Finland) |
| Dividend | 0.80% | 0.73% |
Conclusion
The TCPL Packaging vs Huhtamaki India comparison above covers the key data points on reach, products, results and valuation. TCPL Packaging vs Huhtamaki India covers two mid-size packaging companies in different packaging segments. TCPL Packaging makes rigid folding cartons; Huhtamaki makes flexible laminates. Both serve India's FMCG sector. TCPL vs Huhtamaki investors should review FMCG volume trends, packaging material cost pass-through and new client wins. Consult a SEBI-registered advisor for personalised guidance. TCPL Packaging vs Huhtamaki India investors should review new packaging contract wins and their penetration into food and pharma client segments. TCPL Packaging vs Huhtamaki India both benefit from rising demand for organised food packaging in India. TCPL Packaging vs Huhtamaki India investors should review new packaging contract wins and their penetration into food and pharma client segments.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does TCPL Packaging make?
Ans. TCPL Packaging makes folding carton boxes, mono cartons, blister packs, paper cups and consumer product packaging for FMCG, food, beverage, pharma and personal care companies in India.
What does Huhtamaki India make?
Ans. Huhtamaki India (formerly PPL) makes flexible packaging laminates, packaging film sleeves and printed flexible pouches for FMCG, food, beverage and personal care brands in India.
What is folding carton packaging?
Ans. Folding carton packaging is rigid paperboard-based packaging – like cereal boxes, medicine cartons, cosmetics boxes – that is printed, cut and folded into shape. TCPL Packaging is a major supplier of folding cartons to Indian FMCG companies.
Who is Huhtamaki Oyj?
Ans. Huhtamaki Oyj is a Finnish packaging company and global leader in sustainable food and drink packaging. It operates in more than 35 countries. Huhtamaki India is its Indian listed subsidiary.
Which is larger, TCPL or Huhtamaki India?
Ans. TCPL Packaging at Rs 2,849 Cr is approximately 1.4 times larger than Huhtamaki India at Rs 2,073 Cr.
Are TCPL Packaging and Huhtamaki in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Do they pay dividends?
Ans. Yes. TCPL pays approximately 0.80 percent and Huhtamaki approximately 0.73 percent dividend yield.
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