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Fashion Value Chain
22-05-2025
- Business
- Fashion Value Chain
Great Lakes Institute of Management Hosts HR and L&D Conclave on Workforce 4.0, Exploring AI-Driven Talent Strategies
The second edition of the HR and L&D Conclave, hosted by Great Lakes Institute of Management, Gurgaon, brought together over 75 senior professionals from HR and L&D functions. Centered on the theme 'Workforce 4.0 – Human Capital Strategies in a Digital-First World,' the conclave served as a high-impact platform for leaders to explore the evolving intersection of technology, talent, and transformation. Mr Suresh Narayanan, Nestle MD and Chairman, being felicitated at HR and L&D Conclave on Workforce 4.0 With participation from nearly 40 top organizations across various sectors, the event saw prominent CHROs and L&D heads from across India's business hubs – Delhi, Mumbai, Chennai, Hyderabad, and Bangalore – reinforcing its stature as a premier forum for strategic HR dialogue. The event was graced by the presence of Mr. Suresh Narayanan, Chairman and Managing Director of Nestl India. It featured senior HR leaders and CHROs from organizations such as Adani Enterprises, KPMG, Schneider Electric, UnitedHealth Group, Bayer, Cigniti Technologies, Nestle, Epsilon, Air Liquide, CVENT, Material, Thomson Reuters, Landis+Gyr, Niva Bupa, HFFC, Inbrew Beverages, HCL Tech, Grant Thorton, and Altimetrik. The highlight was a fireside chat with Mr. Suresh Narayanan, Chairman and MD of Nestl India. With over 45 years in the FMCG industry, he offered powerful insights on leadership in the digital age. Emphasizing purpose, values, empowerment, and resilience, he noted, 'The essentials of leadership should not change. These are: 1. Purpose for what you do and why you do it, 2. Values that you enshrine and demonstrate, 3. The capacity you have brought to orchestrate and empower, and 4. The ability to withstand challenges and still achieve success. The role of technology is to help humans be humans, not machines. The more we make humans become machines, the less we will be embedding technology as an assistant and aid.' His grounded philosophy of leadership-rooted in character and compassion-offered a refreshing perspective in today's fast-paced, tech-driven business environment. The event was divided into three panel discussions. Three panels tackled critical themes – AI in Talent Management, Personalized Learning Systems, and Leadership in the Digital Era – each offering actionable insights for building future-ready teams. The first panel shed light on AI and the Future of Talent Management, exploring how artificial intelligence is reshaping recruitment, workforce planning, and employee development. The second panel focused on the transformation of learning and development practices. Experts shared insights on adopting AI-powered, personalized learning systems that foster continuous development and adaptability. The third panel addressed the evolving role of leadership in the digital era. Panelists discussed strategies to build agile leaders who can drive change, lead multi-generational teams, and sustain high performance. Dr. Jones Mathew, Principal and Head of the Institute, Great Lakes Institute of Management, Gurgaon, said, 'The 2nd Great Lakes Gurgaon CHRO and L&D Conclave 2025 was conceived as a national platform for discussions and ideation on the workforce of the future. Over 75 accomplished CHROs and L&D leaders from across the country made the event a vibrant source of practical insights and takeaways. The leadership lessons by Suresh Narayanan, CMD of Nestle India, were a beacon of light for business leaders. Great Lakes Institute of Management Gurgaon, is committed to shaping the workforce of the future by partnering with HR leaders and their organizations for talent recruitment as well as for their learning & development goals through customized Management Development Programs (MDPs).' Reflecting on the discussion,Nidhi Vinod, Senior Director, Learning Organisation Development, Epsilon, said, 'It was absolutely amazing to learn from fellow fraternity members and hear about best practices shared by other organisations on the integration of AI in HR. The quality of the event was not surprising, considering it was hosted by Great Lakes. I'm truly amazed by the work Great Lakes is doing, particularly in the space of executive education.' As digital transformation continues to reshape the world of work, the World Economic Forum estimates that nearly 60% of employees will require upskilling or reskilling by 2027. Workforce 4.0 reflects this new reality, where agility, adaptability, and the seamless integration of human intelligence with technology are crucial for building future-ready teams.
Business Standard
24-04-2025
- Business
- Business Standard
Nestle India Q4 PAT rises 5% YoY to Rs 885 crore; declares dividend of Rs 10/sh
Nestle India's standalone net profit declined 5.21% to Rs 885.41 crore in Q4 FY25, compared with Rs 934.17 crore posted in Q4 FY24. However, revenue from operations jumped 4.48% to Rs 5,503.9 crore in Q4 FY25 as against Rs 5,267.6 crore posted in Q4 FY24. Total sales stood at Rs 5,447.6 crore in the March 2025 quarter, up 3.67% from Rs 5,254.4 crore recorded in the same period a year ago. During Q4 FY25, domestic sales grew by 4.24% YoY to Rs 5,235 crore, while export sales tumbled 8.65% YoY to Rs 212.66 crore. Domestic sales crossed Rs 5,235 crore, the highest ever, surpassing that of the January March 2024 quarter. Profit before tax declined 3.67% YoY to Rs 1,204.6 crore in the quarter ended 31 March 2025. The firm stated that its e-commerce growth was driven by improved availability, enhanced e-commerce packs, and targeted media interventions for consumers. Organized trade delivered strong, broad-based growth across categories, driven by store expansion and supported by impactful in-store activations. Out-of-home (OOH) continued to accelerate, led by increased penetration in focus channels, portfolio premiumization, and innovative product and machine developments across the foods and beverages portfolio. The company said that commodity prices continue to be firm for coffee. Cocoa prices have corrected but continue to be high. Prices continue to remain stable for edible oils. Milk prices have cyclically firmed up with the onset of summers. Suresh Narayanan, Chairman & Managing Director, NestlIndia, said, I am pleased to report that this quarter we witnessed double-digit growth in Beverages and Confectionery, with 3 out of 4 product groups delivering healthy growth. Our domestic sales crossed the Rs 5,235 crore mark, the highest ever in any quarter, supported by improving volume growth. He highlighted that Powdered and Liquid Beverages was the largest growth contributor, with NESCAFstrengthening its leadership position, adding over 5.1 million households, and launching NESCAFReady-to-Drink cold coffee in India, driven by Gen Z and Millennial demand. Confectionery grew at a high single-digit pace, with KITKAT remaining a key driver, while India became the second-largest global market for the brand. Prepared dishes and cooking aids saw mid-single-digit growth, with MAGGI returning to volume growth, and India continuing to be the largest market for the brand. The milk products and nutrition segment saw new launches like CERELAC and CEREGROW variants without refined sugar, responding to consumer demand for healthier options. Petcare achieved high double-digit growth, with strong performances from PURINA FELIX, FRISKIES, and PURINA PRO PLAN. The out-of-home (OOH) business showed double-digit growth and entered the cocoa-based spreads category with the launch of KITKAT Professional Spread. He also noted the positive reception to the opening of NESPRESSOs first boutique in New Delhi. Nestls e-commerce growth trajectory continued, propelled by the rise of quick commerce, which contributed 8.5% to domestic sales. To further support growth, Nestle is investing Rs 6,500 crore between 2020 and 2025 to develop new capabilities, including the development of a new factory in Odisha with an initial investment of Rs 900 crore. Meanwhile, the companys board recommended a final dividend of Rs 10 per equity share of the face value of Rs 1 each for the financial year 2024-25. The record date for the said dividend has been fixed as 4 July 2025. Further, the companys nomination and remuneration committee (NRC) recommended the appointment of Manish Tiwary as managing director of the company for a period of 5 years with effect from 1st August 2025. Nestlis the world's largest food and beverage company. It manufactures internationally famous brand names such as Nescaf Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, and Nestea. Shares of Nestle India shed 0.44% to Rs 2,423.50 on the BSE.
