In the quarter, the company witnessed revenue of Rs10,406cr, which grew by 4.23% compared to Rs9,984cr a year ago same period. Total sales grew by 4% during the quarter. Underlying domestic consumer business sales (excluding the impact of business combinations i.e. merger of GSK CH India with HUL) impacted by COVID disruptions declined by 7% in the quarter.
Meanwhile, EBITDA for the period was flat at Rs.2,644 crores. EBITDA margin declined by 110 bps.
HUL in its audit report stated that the negative impact of adverse mix and higher Covid-19 related costs were deftly managed by dialing up savings and unlocking synergies of GSK-CH merger enabling us to sustain healthy EBITDA margins of 25%.
The company has posted an exceptional loss of Rs118cr in the quarter, compared to gains of Rs7cr a year ago same period.
Sanjiv Mehta, Chairman and Managing Director of HUL said, "Our performance in the quarter has been resilient and reflective of the intrinsic strength of our portfolio, agility in operations, excellence in execution, purpose-driven leadership and our strong balance sheet".
On segment-wise performance, HUL stated that the health, hygiene and nutrition consisting of 80% of their portfolio delivered healthy mid-single-digit domestic consumer growth. While HUL's performance of skin, color cosmetics and deos being relatively discretionary in nature were impacted severely on account of supply led issues and closure of some of the channels that are extremely relevant for the categories. In hair care business, HUL saw a pickup in consumer demand.
Under the home care business, HUL stated that the in fabric wash, "our diversified portfolio straddling the price-benefit pyramid has yielded resilient performance." Adding the company highlighted the performance of purifiers which are in the nature of 'Consumer Durable' was impacted severely by the lockdown.
Going forward, Mehta added, "While constraints continue due to restrictions in several parts of the country and the near-term demand outlook remains uncertain, we remain well-positioned to drive competitive, profitable, and responsible growth. The long-term structural opportunity of FMCG in India also remains intact".
On Sensex, the HUL stock ended in red at Rs2319.10 per piece down by 0.48% on Tuesday.