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Economic Times
25-05-2025
- Business
- Economic Times
India Inc's climate response: How top companies are safeguarding staff, operations from extreme weather
ANI Representational image As freak weather events become the new normal- —from heavy rains lashing Bengaluru and Pune to Delhi-NCR's 'feels like' 50°C heat—corporate India is moving swiftly to safeguard its workforce and minimise manufacturing and operational disruptions. Companies like Godrej Consumer Products, ITC, Dabur, CEAT, Raychem RPG, Vedanta and KPMG are rolling out multiple initiatives to adapt to unforeseen climate shifts- —from redesigning infrastructure to revising work schedules. At Godrej Consumer, for instance, new factory sites are being constructed with their finished floor levels elevated above the highest flood levels recorded in the past 50 years. 'This will help reduce the risk of operational disruptions due to flooding,' said Saurabh Jhawar, product supply organisation head for India and Saarc at the maker of Cinthol talc and GoodKnight conglomerate ITC and energy and electric infrastructure solutions provider Raychem RPG have restricted outdoor working hours to beat the heat. Raychem RPG—an equal joint venture between RPG Enterprises and TE Connectivity of the US that employs 2,889 blue-collar workers and 835 white-collar staff—has instructed all employees and contractor staff to not work in the open area between 12 pm to 4 pm, added buttermilk to its menu, and deployed AC buses for commuting workers, a company spokesperson said. Strategic Safeguards ITC has installed extra water coolers and conducts regular awareness sessions led by company doctors. 'The measures put in place depend on the geographic location of the unit, nature of work and are aligned to the requirements of employees,' a company spokesperson said. Tyre manufacturer CEAT has introduced a car policy for long-distance commutes of field staff in intense heat, chill, or heavy rains. It is conducting awareness sessions and putting strategic safeguards in place, a company spokesperson goods maker Dabur has equipped its factories with Turbo-vents, dehumidifiers, ceiling fans, desert coolers, door curtains, thermal insulation on windows, and puff panels, its executive director-HR Biplab Bakshi resources and technology conglomerate Vedanta is distributing hydration products to each employee in high-heat zones like potlines, underground mines, and power plants this summer season. 'We have rolled out a comprehensive summer wellbeing programme focused on both employees and their families,' said Madhu Srivastava, chief HR officer of Vedanta Ltd. These include summer camps for children of its close to 50,000 employees, including white-collar and blue-collar workers, she said. At professional services firm KPMG, employees can avail work-from-home options in case of extreme weather conditions if the work permits, a spokesperson said. After being caught off guard by some extreme weather conditions like flash floods and last year's record high temperatures, companies across industries are taking precautions to protect their employees and infrastructure, particularly in vulnerable localities, and to ensure minimum disruptions in logistics and other operations. 'As climate patterns shift, we continue to invest in solutions that prioritise safety, efficiency, and sustainability in our operations,' Jhawar of Godrej said. 'To mitigate the impact of high temperatures, our factories are equipped with roof insulation, HVLS fans, and spot cooling systems.
Time of India
25-05-2025
- Business
- Time of India
India Inc's climate response: How top companies are safeguarding staff, operations from extreme weather
As freak weather events become the new normal- —from heavy rains lashing Bengaluru and Pune to Delhi-NCR's 'feels like' 50°C heat—corporate India is moving swiftly to safeguard its workforce and minimise manufacturing and operational disruptions. Companies like Godrej Consumer Products , ITC , Dabur , CEAT , Raychem RPG, Vedanta and KPMG are rolling out multiple initiatives to adapt to unforeseen climate shifts- —from redesigning infrastructure to revising work schedules. At Godrej Consumer, for instance, new factory sites are being constructed with their finished floor levels elevated above the highest flood levels recorded in the past 50 years. 'This will help reduce the risk of operational disruptions due to flooding,' said Saurabh Jhawar, product supply organisation head for India and Saarc at the maker of Cinthol talc and GoodKnight repellent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Diversified conglomerate ITC and energy and electric infrastructure solutions provider Raychem RPG have restricted outdoor working hours to beat the heat. Raychem RPG—an equal joint venture between RPG Enterprises and TE Connectivity of the US that employs 2,889 blue-collar workers and 835 white-collar staff—has instructed all employees and contractor staff to not work in the open area between 12 pm to 4 pm, added buttermilk to its menu, and deployed AC buses for commuting workers, a company spokesperson said. Live Events Strategic Safeguards ITC has installed extra water coolers and conducts regular awareness sessions led by company doctors. 'The measures put in place depend on the geographic location of the unit, nature of work and are aligned to the requirements of employees,' a company spokesperson said. Tyre manufacturer CEAT has introduced a car policy for long-distance commutes of field staff in intense heat, chill, or heavy rains. It is conducting awareness sessions and putting strategic safeguards in place, a company spokesperson said. Consumer goods maker Dabur has equipped its factories with Turbo-vents, dehumidifiers, ceiling fans, desert coolers, door curtains, thermal insulation on windows, and puff panels, its executive director-HR Biplab Bakshi said. Natural resources and technology conglomerate Vedanta is distributing hydration products to each employee in high-heat zones like potlines, underground mines, and power plants this summer season. 'We have rolled out a comprehensive summer wellbeing programme focused on both employees and their families,' said Madhu Srivastava, chief HR officer of Vedanta Ltd. These include summer camps for children of its close to 50,000 employees, including white-collar and blue-collar workers, she said. At professional services firm KPMG, employees can avail work-from-home options in case of extreme weather conditions if the work permits, a spokesperson said. After being caught off guard by some extreme weather conditions like flash floods and last year's record high temperatures, companies across industries are taking precautions to protect their employees and infrastructure, particularly in vulnerable localities, and to ensure minimum disruptions in logistics and other operations. 'As climate patterns shift, we continue to invest in solutions that prioritise safety, efficiency, and sustainability in our operations,' Jhawar of Godrej said. 'To mitigate the impact of high temperatures, our factories are equipped with roof insulation, HVLS fans, and spot cooling systems.
Time of India
13-05-2025
- Business
- Time of India
We need to move a lot faster in this slow market, says Godrej Consumer Products chairperson Nisaba Godrej
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Godrej Consumer Products chairperson Nisaba Godrej said the company's performance in FY25 was below expectations and doesn't feel "wildly successful".The maker of GoodKnight mosquito repellent and Cinthol soaps reported a 4% increase in volume sales during the March quarter compared with a 5% growth in the fast moving consumer goods market, according to however, said it outpaced the market growth of 4% over a two-year compound annual growth rate (CAGR) with a 6% growth in 2024-25."We had some googlies from the external environment, including palm and other costs, and we have seen sort of (slow) volume growth in FMCG," Godrej said during the company's annual investors meet last week. "We also dropped a few of our own balls in categories like household insecticides and deodorants, which hopefully, I think, we have owned some gaps and you will see some better, stronger performance in quarter one. We have learned in this slow market that we need to just move a lot faster."For FY26, on an overall basis, the company has guided for high single-digit revenue and double-digit Ebitda growth. The company said factors such as lower food inflation, income tax reduction and government's welfare schemes will help sales growth over the next 12-18 months."The last five years post Covid is a case where the top 20% has been doing really well and the bottom 80%, whether it's urban or rural, hasn't. There are a few things that might reverse. Food price inflation has come down in the last 2-3 months, income tax relief that should come this month onwards, so almost a lakh crore being released into consumption," said Sudhir Sitapati, managing director at Godrej Consumer Products, adding that pay commission due early next year will also help since it has historically boosted demand in the said it will invest about '700 crore to bolster existing factories as well as open a new manufacturing plant in Indonesia in the next two company expects soaps' volume to grow 2% and household insecticides portfolio to grow at 6-8%. In the past few years, the company entered the deodorants segment through the acquisition of Park Avenue and Kamasutra, expanded its organic play in the fast-growing liquid detergent segment with Godrej Fab and tapped into the growing pet food market through a new subsidiary, Godrej Pet Care, which recently launched pet food brand company said these categories have a multi-decadal growth runway with lower per capita consumption compared to other markets it operates in. For instance, spending per capita in Indonesia is three times higher in deodorants and seven times higher in perfumes compared to India.
Economic Times
06-05-2025
- Business
- Economic Times
Godrej Consumer Products Q4 Results: Co swings to profit at Rs 412 crore, revenue Rs 3,598 cr
FMCG major Godrej Consumer Products Ltd on Tuesday reported a consolidated net profit of Rs 411.9 crore for the fourth quarter ended March 2025, helped by a volume growth in the domestic market. It had incurred a loss of Rs 1,893.21 crore in the January-March period a year ago, due to impairment of loss towards its Africa (including Strength Of Nature) business, according to a regulatory filing from Godrej Consumer Products Ltd (GCPL). ADVERTISEMENT Total revenue from operations was at Rs 3,597.95 crore during the quarter under review. It was Rs 3,385.61 crore in the corresponding period last fiscal. In "Q4 FY 2025 consolidated organic sales grew by 7 per cent in INR terms year-on-year on the back of underlying volume growth of 6 per cent," said GCPL in its earning statement. Total expenses in the quarter were at Rs 3,000.84 crore. GCPL Managing Director and CEO Sudhir Sitapati said:" We delivered a sequentially improving performance in Q4 FY 2025, despite market conditions remaining the same. Our consolidated organic volumes for Q4FY25 grew by 6 per cent, led by the India business growing volumes at 4 per cent and Indonesia growing volumes at 5 per cent." Revenue from the India market, where it operates with brands such as Good Knight, Cinthol and HIT, was Rs 2,184.92 crore. ADVERTISEMENT On a standalone business, which mainly consists of domestic business, GCPL's "underlying volume grew by 4 per cent, sales grew by 8 per cent year-on-year," it said. According to Sitapati, the "demand conditions in India have continued to be impacted by headwinds in urban consumption. Surge in palm oil prices by more than 50 per cent is negatively impacting our EBITDA margin." ADVERTISEMENT However, buoyed by a good season, GCPL's Household Insecticides business grew volumes in strong double digit. "The volume growth on the non-soaps' portfolio was high single digit with soaps volume growth impacted by volume-price rebalancing," he said. ADVERTISEMENT Revenue from GCPL's second biggest market Indonesia was at Rs 504.29 crore, up 1.2 per cent in the March quarter. According to GCPL, Indonesia underlying volume grew by 5 per cent, though sales grew by 1 per cent in INR terms and 1 per cent in constant currency terms, year-on-year. ADVERTISEMENT GCPL's revenue from Africa (including Strength of Nature) market was up 16.27 per cent to Rs 690.34 crore in the March quarter. "Africa, USA, and Middle East organic sales grew 12 per cent in constant currency terms and 23 per cent in INR terms, year-on-year," it said. However, GCPL's revenue from other markets was down 11.3 per cent to Rs 257.23 crore in Q4/FY25. "Latin America and Others sales grew in constant currency terms, by 2 per cent, but declined by 11 per cent in INR terms, year-on-year," it said. In the financial year ended March 31, 2025, GCPL's net profit was at Rs 1,852.30 crore. Total consolidated revenue from operations was at Rs 14,364.29 crore, up 1.9 per cent. In FY25 "Consolidated organic underlying volume grew at 4 per cent, sales grew by 4 per cent in INR terms impacted by devaluation, constant currency growth of 8 per cent year-on-year," it said. Meanwhile, in a separate filing, GCPL said its board in a meeting held on Tuesday declared an interim dividend of 500 per cent, which is Rs 5/- per share of face value of Re 1 each for financial year 2025-26. Shares of GCPL on Tuesday settled at Rs 1,250.90 apiece on BSE, down 0.9 per cent from the previous close. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
06-05-2025
- Business
- Time of India
Godrej Consumer Products Q4 Results: Co swings to profit at Rs 412 crore, revenue Rs 3,598 cr
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel FMCG major Godrej Consumer Products Ltd on Tuesday reported a consolidated net profit of Rs 411.9 crore for the fourth quarter ended March 2025, helped by a volume growth in the domestic market. It had incurred a loss of Rs 1,893.21 crore in the January-March period a year ago, due to impairment of loss towards its Africa (including Strength Of Nature) business , according to a regulatory filing from Godrej Consumer Products Ltd (GCPL).Total revenue from operations was at Rs 3,597.95 crore during the quarter under review. It was Rs 3,385.61 crore in the corresponding period last "Q4 FY 2025 consolidated organic sales grew by 7 per cent in INR terms year-on-year on the back of underlying volume growth of 6 per cent," said GCPL in its earning expenses in the quarter were at Rs 3,000.84 Managing Director and CEO Sudhir Sitapati said:" We delivered a sequentially improving performance in Q4 FY 2025, despite market conditions remaining the same. Our consolidated organic volumes for Q4FY25 grew by 6 per cent, led by the India business growing volumes at 4 per cent and Indonesia growing volumes at 5 per cent."Revenue from the India market, where it operates with brands such as Good Knight, Cinthol and HIT, was Rs 2,184.92 a standalone business, which mainly consists of domestic business, GCPL's "underlying volume grew by 4 per cent, sales grew by 8 per cent year-on-year," it to Sitapati, the "demand conditions in India have continued to be impacted by headwinds in urban consumption. Surge in palm oil prices by more than 50 per cent is negatively impacting our EBITDA margin."However, buoyed by a good season, GCPL's Household Insecticides business grew volumes in strong double digit."The volume growth on the non-soaps' portfolio was high single digit with soaps volume growth impacted by volume-price rebalancing," he from GCPL's second biggest market Indonesia was at Rs 504.29 crore, up 1.2 per cent in the March to GCPL, Indonesia underlying volume grew by 5 per cent, though sales grew by 1 per cent in INR terms and 1 per cent in constant currency terms, revenue from Africa (including Strength of Nature) market was up 16.27 per cent to Rs 690.34 crore in the March quarter."Africa, USA, and Middle East organic sales grew 12 per cent in constant currency terms and 23 per cent in INR terms, year-on-year," it GCPL's revenue from other markets was down 11.3 per cent to Rs 257.23 crore in Q4/FY25."Latin America and Others sales grew in constant currency terms, by 2 per cent, but declined by 11 per cent in INR terms, year-on-year," it the financial year ended March 31, 2025, GCPL's net profit was at Rs 1,852.30 crore. Total consolidated revenue from operations was at Rs 14,364.29 crore, up 1.9 per FY25 "Consolidated organic underlying volume grew at 4 per cent, sales grew by 4 per cent in INR terms impacted by devaluation, constant currency growth of 8 per cent year-on-year," it in a separate filing, GCPL said its board in a meeting held on Tuesday declared an interim dividend of 500 per cent, which is Rs 5/- per share of face value of Re 1 each for financial year 2025-26. Shares of GCPL on Tuesday settled at Rs 1,250.90 apiece on BSE, down 0.9 per cent from the previous close.
