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Economic Times
01-05-2025
- Business
- Economic Times
Why HUL is choosing growth over margin
Why HUL is choosing growth over margin Synopsis In the past 15 quarters, HUL's volume growth has mostly been sub-5%. There has been a worry that it is losing market share. For the last five years, its margins have been declining steadily. It was 23.53% in FY25. And during one of the strongest bull markets, shares of HUL have given just 6% returns. In the latest earnings, the company has guided for 100 basis points margin contraction with margins in the range of 22%-23%. As competition from New Age brands intensify, HUL prioritises growth to protect market share With a top line of more than INR60,000 crore and profit of INR10,650 crore, HUL is the largest FMCG company in India. But can it continue to dominate the market? After a successful Delhivery, how this PE fund found an INSTANT second bet in logistics Express logistics is the fastest growing segment within logistics and INSTANT XP, with its unique business Gift ETPrime to your friends Gift a Subscription Now, gift ETPrime subscription to your friend for Free! Gift this Story to your friends Gift a Story Share member-only stories with your friends or family and help them read it for free. FONT SIZE Abc Small Abc Medium Abc Large SAVE PRINT COMMENT Refer & Earn Continue reading with one of these options: Limited Access Free Login to get access to some exclusive stories & personalised newsletters Login Now Unlimited Access Starting @ Rs120/month Get access to exclusive stories, expert opinions & in-depth stock reports Subscribe Now ET Uh-oh! This is an exclusive story available for selected readers only. Worry not. You're just a step away. Sign In to Read for Free Prime Account Detected! It seems like you're already an ETPrime member with Login using your ET Prime credentials to enjoy all member benefits Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits. Sign in & Access ET Prime Already a Member? Sign In now Already a Member? Sign In now Offer Exclusively For You Save up to Rs. 700/- ON ET PRIME MEMBERSHIP Avail Offer Offer Exclusively For You Get 1 Year Free With 1 and 2-Year ET prime membership Avail Offer Offer Exclusively For You Get 1 Year Free With 1 and 2-Year ET prime membership Avail Offer Offer Exclusively For You Get Flat 40% Off Then ₹ 1749 for 1 year Avail Offer Offer Exclusively For You ET Prime at ₹ 49 for 1 month Then ₹ 1749 for 1 year Avail Offer Special Offer Get flat 40% off on ETPrime Avail Offer Avail Offer Continue with Email Continue with Mobile No. 90 Days Prime access worth Rs999 unlocked for you Claim Now Already a Member? Sign In now
Time of India
23-04-2025
- Business
- Time of India
How India's CNG-powered clean fuel dream is losing steam
How India's CNG-powered clean fuel dream is losing steam Getty Images Synopsis Once hailed as the cheaper and cleaner alternative to petrol and diesel with price differences in the range of INR30 - INR60 per unit, CNG has steadily lost its sheen. In several cities, it is now nearly as expensive as petrol. In others, it has outright surpassed it. Why? By PRASHANT MUKHERJEE 9 Mins Read, Apr 23, 2025, 05:55 AM IST SHARE THIS NEWS Close Font Size Abc Small Small Abc Normal Normal Abc Large Close On a hazy Saturday afternoon in Delhi, the line outside the CNG station at Laxmi Nagar winds past the corner tea stall and halfway down the street. The air is thick with frustration. Auto-rickshaw drivers shift impatiently in their seats, traders glance nervously at their watches, and every few minutes, someone mutters: 'Kya pata, gas mil bhi jaaye ya nahi.' (Who knows whether we will get the fuel or not). No one knows for sure anymore. But this
Yahoo
31-01-2025
- Business
- Yahoo
Punjab Chemicals & Crop Protection Ltd (BOM:506618) Q3 2025 Earnings Call Highlights: ...
Quarterly Revenue: INR213.9 crore. 9-Month Revenue: INR698.2 crore, reflecting a year-on-year decline of 5.3%. Domestic Market Contribution (Quarterly): INR150 crore. International Market Contribution (Quarterly): INR60 crore. Gross Margin (Quarterly): 40%. EBITDA (Quarterly): INR19.3 crore, down 25.6% year-on-year. EBITDA Margin (Quarterly): 9%, down by 310 basis points year-on-year. Profit After Tax (Quarterly): INR6.1 crore, down 45%. PAT Margin (Quarterly): 2.8%. 9-Month Gross Margin: 39.4%, up by 60 basis points year-on-year. 9-Month EBITDA: INR73.7 crore, down 26% year-on-year. 9-Month Profit After Tax: INR31.9 crore, down 37%. 9-Month PAT Margin: 4.6%. Agrochemical Division Capacity Utilization: 72%. Performance Chemicals Division Capacity Utilization: 52%. Industrial Chemical Division Capacity Utilization: Operating at full capacity. Warning! GuruFocus has detected 2 Warning Sign with NXT. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Punjab Chemicals & Crop Protection Ltd (BOM:506618) achieved a significant milestone by receiving in-principle approval from a major beverage manufacturer to supply their requirements for a new facility in Gujarat. The company has maintained stable gross margins, expanding by 60 basis points for the nine months of FY25, despite challenging market conditions. Proactive engagement with both existing and new customers has started to yield positive results, with customers viewing Punjab Chemicals as a reliable partner. The company has introduced new products in the domestic market, contributing to 15% of revenues, which are expected to deliver higher margins in the future. Capacity utilization across all three sites showed a positive trend, with the agrochemical division at 72%, performance chemicals at 52%, and industrial chemicals operating at full capacity. Revenue for the quarter and nine months showed a year-on-year decline of 5.3%, primarily due to subdued export demand and pricing pressures. EBITDA was impacted by elevated freight costs, operational costs, and one-time forex-related expenses, resulting in a 25.6% year-on-year decline. Profit after tax for the quarter decreased by 45%, with PAT margin standing at 2.8% for Q3 FY25. The LRU facility experienced a maintenance shutdown and product delays, leading to a decline in overall volume and capacity utilization. The company faced heightened competition and pricing pressure in certain regions, affecting its market position and profitability. Q: Can you elaborate on the contribution of new molecules to the domestic market and their impact on overall revenue? A: The new molecules introduced in the domestic market are intermediates and specialty chemicals, contributing about 15% to our revenues. These products are a permanent addition to our portfolio and are expected to continue contributing even when the export market recovers. (Vinod Gupta, CEO) Q: Why was there a decline in volume and limited contribution from the Lalru facility during Q3? A: The decline was due to a product mix change and a one-off product delay, which was expected in Q3 but postponed to the end of Q4. Additionally, there was a maintenance shutdown at the Lalru facility for about three weeks. (Shalil Shroff, Managing Director) Q: What is the outlook for the export market and pricing stability? A: The decline in prices has stabilized, and we expect demand to resume to normal levels in the next financial year as inventories are exhausted. However, demand flow will be on a quarter-to-quarter basis due to cautious inventory rebuilding by customers. (Vinod Gupta, CEO) Q: How are you planning to manage capacity and potential demand increases? A: We are reviewing deferred investment decisions and exploring process improvements and outsourcing options to meet demand. We are confident in our ability to cater to demand with existing infrastructure and some subcontracting. (Vinod Gupta, CEO) Q: Can you provide details on the one-off expenses and their impact on financials? A: The one-off expenses include forex losses of approximately INR 2.3 to 2.4 crore and repair and maintenance costs of around INR 10 crore. These expenses are part of asset renewal and upgradation efforts. (Vinod Gupta, CEO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
