Second wave of pandemic brings HUL’s volumes back to square one

second wave of pandemic brings huls volumes back to square one

Sumary of Second wave of pandemic brings HUL’s volumes back to square one:

  • Analysts now typically look at the two-year average annual growth number to negate the impact of last year’s low base.
  • By this measure, HUL’s volumes were flat, as like-for-like growth stood at 9% in Q1FY22 and -8% in the year-ago period.
  • In Q4FY21, the two-year average annual growth number stood at around 5%.
  • View Full ImageSatish Kumar/Mint “HUL saw good demand momentum in March, which was sustained in April.
  • “Trade promotions were normalized during the quarter from a low base last year, which impacted pricing growth.
  • This meant the pricing growth came in below expectations at 3%,” said Himanshu Nayyar, lead analyst, institutional equities, YES Securities.
  • Besides, the GSK-led nutrition segment delivered a below-than-expected performance, as the pandemic has delayed HUL’s plans of developing this portfolio, Nayyar added.
  • Among the segments, the home care business has performed well, posting revenue growth of 12% year-on-year (y-o-y), helped by double-digit growth in fabric wash.

Want to know more click here go to source.

From -

Close
Generic selectors
Exact matches only
Search in title
Search in content

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close