Personal Care’s revenue increased by 4% to R672 million as a result of price inflation of 12%, offset by volume declines of 8%. Despite improved profitability in the second half, significant increases in ingredients and packaging costs, as well as an adverse product mix, resulted in operating income declining by 66% to R16 million.

Home Care was unable to recover from a poor start to the year as unfavourable weather conditions impacted category demand for pesticides. Revenue declined by 9% to R1,2 billion, due to 17% lower volumes, offset by price inflation of 8%. Lower volumes, together with higher raw material and packaging costs, resulted in operating income declining by 24% to R292 million.

• Revenue

  Down 5%

  R1,9bn

  2021: 2,0 billion

• Operating income

  Down 29%

  R308m

  2021: 433 million

• Operating margin

   

  16,6%

  2021: 22,2%

• Price management to protect margin
• Continued focus on factory efficiencies
• Execution of key capex projects: warehouse upgrade and aerosol replacement project
• Successfully deliver innovation focusing on functional benefits