HIL posted good growth in the roofing business during the second quarter, and the flooring business helped in diversification and also ramped up with higher margins.

On market share, Dhirup Roy Choudhary, MD & CEO of HIL said, “The fibre cement roofing market we have seen in quarter two has grown slightly in single digits, but our digital marketing connect using the business intelligence platform has helped us to gain about 250-300 basis points in market shares. So we are hovering around 21 percent at the moment.”

On flooring business, Choudhary said, “We complement the European Parador team for doing a good performance. We have been moving exactly in the way we wanted. Europe has faced a severe headwind, I think ours is the only flooring company in Europe which is doing phenomenally well and this should continue according to me even though Europe is setting into the second phase of COVID.”

On the Parador business, he said “Last quarter Parador grew about 24 percent, the way that we have penetrated the market through e-business this should be sustainable and we should definitely do better than last year on Parador in H2 as well unless a severe COVID really hits us.”

On profitability, Choudhary said, “We had taken this company at about 7-7.50 percent EBITDA level, I think around 10 percent will be a good guidance.”

To know more about the company's Q2 performance, watch the video.

(Edited by : Santosh Nair)

First Published:Nov 12, 2020 3:02 PM IST