Q2 FY2023 ESG Targets and Performance Update
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Double-digit sales growth and robust margin improvement
Financial performance
Double-digit sales growth of 11%
Broad-based double-digit growth in both Home Care and
Personal Care
Operating performance
With commodity pressures abating, we expect gradual
recovery in consumption, expansion in gross margins,
upfront marketing investments and improvement in
profitability in the coming quarters.
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Robust margin recovery; EBITDA margins in India at
27.3%; expanded by 210 bps year-on-year. Quality of profits
continue to improve with significant Gross Margin expansion
of 590 bps quarter-on-quarter, 250 bps year-on-year and
increase in Working Media investment by 28% year-on-year
Sales growth
3%
8%
11%
UVG
UPG
USG
USG: Underlying Sales Growth; UPG: Underlying Pricing Growth; UVG: Underlying Volume Growth
20%
Growth
22%
EBITDA
EBITDA + Working Media
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