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

India pandemic information Waves
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“HUL saw good demand momentum in March, which was sustained in April. Renewed restrictions due to the second wave, however, impacted offtake between late April and May.

With cases declining, June has seen a good sequential recovery, albeit it still remains below pre-covid levels," analysts at Jefferies India Pvt.

Ltd said in a note last month. But while the impact on volumes was more or less expected, investors also had to deal with weaker-than-expected pricing. “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.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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