Jyothy Labs · tone and specificity signals across the available quarters.
Language signals
We have also indicated in the past that we are hopeful that in next year FY27 we'll be able to turn this category profitable and necessary steps are being taken in that direction. So as of now there is no intention to sell or divest this particular line of business.
Q3 onwards you should see this gap narrowing because last year the extra gramage higher promotions intensity increased quarter two onwards so I think quarter three onwards you should see the gap narrowing.
The overall trend points towards improving stability. Crude oil prices have softened although derivative costs such as LABSA and PKFA are yet to correct proportionately due to lag effects and processing costs.
Our business is 90% of our business is linked to crude oil prices and crude oil has swung from whatever 60-65 to upwards of 100. This kind of increase has never been witnessed by the industry.
When you compare last year the same quarter the MRPs of some brands that we have they were at a higher MRPs right so when you compare that value versus this year it wouldn't suffice. It's only from a value perspective and also volume-wise we have a good growth.
Our goal is to go back to the historical margin levels of course subject to external conditions but in the near term margin recovery is expected to be gradual rather than immediately in quarter two or quarter three.
We expect the demand environment to strengthen gradually through the second half of the year... We remain confident of delivering steady broad-based growth in the second half of FY26.
Going forward in a couple of quarters we will be back to double digit margin... some of the actions that we have made that would help us accelerate our sales growth in personal care and the margin should swing back to double digits.
LV has surpassed coil so that's the first milestone we have achieved... with objective to turn around the category in four to six quarters.
Premiumization is just a word and not an action done by competition. So that's where we see good enough brands going down just to increase their market share and volume, people have taken these drastic steps leading to no results.
In the near term, we are not seeing margin to swing back significantly in dishwash. But eventually, I think a few quarters here and there finally the margins will stabilize at the normal earlier levels.
As we had indicated in previous earning calls, the broad-based consumption recovery seems to have begun. However, sustained traction over a couple more quarters will be necessary to call it a firm trend.