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Time of India
3 days ago
- Business
- Time of India
Erratic weather is hurting Indian firms in the biggest consumer market
India experienced extreme weather events on 88% of days in 2024 in one or more parts of the country, according to a database maintained by Centre for Science and Environment and Down To Earth. Indian companies, already facing a demand slump, are now grappling with unpredictable weather patterns. Unseasonal rains and cooler summers have impacted sales for major players in sectors like air conditioning and beverages, forcing production cuts and inventory adjustments. Businesses are increasingly turning to advanced weather forecasting to mitigate risks and adapt to the growing challenges posed by climate change. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Some of India's largest companies, already hit by a demand slump, are facing a new threat in wooing the country's 1.4 billion consumers: unpredictable weather.A cooler-than-usual summer this year — followed by the earliest onset of rain since 2009 — has hurt companies selling everything from talcum powder to air conditioners. Blue Star Ltd. , one of the largest AC sellers in the country, had to cut production by as much as 25% between April and June, as it saw fewer buyers. It also delayed imports of compressors, a key input, and extended credit to some dealerships saddled with unsold inventories. Rivals Havells Ltd. and Tata-owned Voltas Ltd. also flagged a sales slowdown.'It's like a wedding was to happen, but the wedding has now been canceled,' said B Thiagarajan, managing director at Blue Star, adding that it was a 'painful' time.A four-fold jump in frequency, unpredictability and intensity of extreme weather events in India over the past four decades has made planning and preparedness more demanding for companies. From Hindustan Unilever Ltd. to food delivery app Zomato-owner Eternal Ltd. to engineering giant Larsen & Tourbro Ltd., it's affecting everything from sales to labor and supply chain management in the world's biggest consumer situation as one of the most affected nations by climate change provides a glimpse of what's in store for other major economies as environmental change accelerates. As record-breaking temperatures, rains and other extreme weather occur worldwide, companies are likely to be left scrambling to predict and plan for the earnings calls over the last six months, top management and equity analysts discussed 'delayed summer' and 'delayed winter' the most in five years, according to transcripts analyzed by Bloomberg News.'This quarter is slightly challenging as far as the summer portfolio is concerned,' Mohan Goenka, vice chairman of Emami Ltd., whose products include talc powder, told investors on an earnings call last month. The company will try to make up for the setback through its other segments, he added. Varun Beverages Ltd. , which bottles Pepsi in India, had said in April that it was ramping up production for the summer, expecting higher demand. Instead, unseasonal rains likely hurt performance at the beverage maker, according to analysts at brokerage also flagged weaker demand at Dabur Ltd. , which sells fruit juices, and Tata Consumer Products Ltd. , which sells cold summer demand, 'once missed, is difficult to recover,' analysts at Nuvama, led by Abneesh Roy, said in a note to incidence of heat waves, for example, was among factors causing a shortage of labor at Larsen, even as it split shifts between early morning and late afternoon. Eternal, which operates Zomato and Blinkit, said it faces a seasonal shortage of delivery workers in the Unilever, which sells skincare brands including Ponds and Vaseline, said it saw muted performance in the December quarter partly due to a delayed experienced extreme weather events on 88% of days in 2024 in one or more parts of the country, according to a database maintained by Centre for Science and Environment and Down To Earth. Between 1993 and 2022, the South Asian nation lost about $180 billion to severe heat and rains, the Climate Risk Index 2025 report forecasting in India has been plagued by outdated technology and modeling systems that make it difficult to get accurate bridge this gap, the country launched a new weather model last month to improve its forecasting by doubling the level of detail previously possible. Intended to improve farming and flood management, the model could also help companies as they seek better and more granular data.'Businesses, while they were aware of the financial impact of weather, simply did not have enough reliable data that could be potentially put to use,' said Samuel John, co-founder and CEO of forecasting firm have changed in the half-decade since Covid, and weather forecasting has gone mainstream, John of the farm sector, companies from industries such as consumption, quick commerce, logistics, and construction are increasingly approaching Skymet Weather Services Pvt., its chief executive officer Yogesh Patil said. These newer clients, who seek structured, calendar-linked forecasting dashboards, now make up about half of the Reliance Industries Ltd. unit's has also set up over 750 of its own weather stations across 60 cities to collect detailed companies navigate the new normal of erratic weather, planning and diversification are Star's management is confident of recovering a large portion of the lost sales through the rest of the year, by working with more corporate clients where demand largely remains stable. But climate mitigation is becoming an important subject to Thiagarajan, who has worked in air conditioning for four decades.'Predictability is dropping year after year,' he said. 'You can only be prepared for the worst.'
Time of India
16-05-2025
- Business
- Time of India
Emami net profit rises 9% to Rs 162cr in Q4 FY25
1 2 3 Kolkata: FMCG major Emami Ltd registered a 9% jump in consolidated net profit to Rs 162 crore in Q4 of 2024-25 from Rs 146 crore in the year-ago period. The consolidated revenue in Q4FY25 stood at Rs 963 crore, growing by 8% on a year-on-year basis. Gross margins expanded by 10 basis points to 65.9% and EBITDA grew by 4% to Rs 219 crore. The company repositioned Smart and Handsome from a fairness-focused product to a complete male grooming solution during the quarter. The company also forayed into the brightening cream category with the launch of Emami Pure Glow. Harsha V Agarwal, vice chairman and MD of Emami Limited, said: "Our core domestic business continued to demonstrate strong momentum, delivering robust double-digit growth of 11% in Q4FY25, supported by healthy volume growth of 7%." Mohan Goenka, vice chairman and whole-time director, Emami Limited, said: "Our sustained interventions on the distribution front, including a sharp focus on GT-marts, significantly expanded the purchase potential of each outlet."
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Business Standard
16-05-2025
- Business
- Business Standard
Emami Q4 FY25 results: Net profit increases 8.9% to ₹162.17 crore
Emami on Friday posted an 8.9 per cent year-on-year (Y-o-Y) increase in consolidated net profit to ₹162.17 crore for the January-March quarter (Q4) of 2024-25 (FY25). The fast-moving consumer goods (FMCG) firm's net profit had stood at ₹148.90 crore in the year-ago period. The consolidated revenue saw an increase of 8.1 per cent Y-o-Y at ₹963.05 crore. Sequentially, revenue was down 8.3 per cent. Net profit saw a decline of 41.9 per cent from the previous quarter. Despite geopolitical volatility across Bangladesh, West Asia, and parts of Africa, Emami's international business posted a 6 per cent growth in Q4FY25, it said. Strong momentum was witnessed across SAARC, SEA, CIS, and African markets, Emami said. For the full year FY25, revenue from operations was up 6.5 per cent at ₹3,809.19 crore. Net profit grew 11.5 per cent to ₹806.46 crore. Emami said organised trade channels ??'??' comprising modern trade, e-commerce, and institutional sales -- contributed 27.6 per cent of domestic revenue in FY25, expanding by 140 basis points Y-o-Y. Clocking a 13 per cent increase Y-o-Y, these channels outpaced overall domestic growth, the company said. Emami said it was confident of navigating short-term macro uncertainties through portfolio premiumisation, innovation acceleration, enhanced channel productivity, and strategic international expansion. Harsha V Agarwal, vice-chairman and managing director, Emami, said, the core domestic business continued to demonstrate strong momentum, delivering a double-digit growth of 11 per cent in Q4FY25, supported by a volume growth of 7 per cent. He said the input costs broadly remained under control and did not pose any major challenge in the near future. 'Going forward, we're focused on strengthening our core brands and unlocking new growth through brand extensions, premium offerings, and sharper channel strategies.' For the strategic subsidiaries, Emami is scaling up its marketplace and quick commerce presence. Mohan Goenka, vice-chairman and whole-time director, Emami, said, a strong innovation pipeline led to over 25 new launches during the year. 'As international business and strategic investments are poised for a rebound, we anticipate robust, all-round growth in FY26,' he added.
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Business Standard
16-05-2025
- Business
- Business Standard
Emami Q4 results: Net profit rises 8.9% to ₹162.17 cr, revenue up 6.5%
FMCG firm Emami on Friday posted an 8.9 per cent year-on-year increase in consolidated net profit for the January–March quarter (Q4FY25) to ₹162.17 crore. The net profit in the year-ago period had stood at ₹148.90 crore. The consolidated revenue in Q4FY25 was ₹963.05 crore, an increase of 8.1 per cent from the year-ago period. Sequentially, revenue was down by 8.3 per cent and net profit down by 41.9 per cent. Emami's international business posted a 6 per cent growth in Q4FY25. The company said the performance came amid geopolitical volatility across Bangladesh, the Middle East, and parts of Africa. Strong momentum was witnessed across SAARC, SEA, CIS, and African markets, Emami said. For the full year FY25, revenue from operations at ₹3,809.19 crore was up by 6.5 per cent. Net profit at ₹806.46 crore was higher by 11.5 per cent. Emami said that organised trade channels comprising modern trade, e-commerce, and institutional sales contributed 27.6 per cent of domestic revenues in FY25, expanding by 140 basis points over the previous year. Growth in these channels outpaced overall domestic growth, clocking 13 per cent year-on-year growth, the company said. The company stated it was confident of navigating short-term macro uncertainties through portfolio premiumisation, innovation acceleration, enhanced channel productivity, and strategic international expansion. Commenting on the performance, Harsha V Agarwal, vice-chairman and managing director, Emami, said the core domestic business continued to demonstrate strong momentum, delivering double-digit growth of 11 per cent in Q4FY25, supported by a volume growth of 7 per cent. The input costs, he said, broadly remain under control and do not pose any major challenge in the near future. 'Going forward, we're focused on strengthening our core brands and unlocking new growth through brand extensions, premium offerings, and sharper channel strategies.' For the strategic subsidiaries, Emami is scaling up marketplace and quick commerce presence. Mohan Goenka, vice-chairman and whole-time director, Emami, said a strong innovation pipeline led to over 25 new launches during the year. 'As international business and strategic investments are poised for a rebound, we anticipate robust, all-round growth in FY26,' he added. The board approved a special dividend (third interim dividend), amounting to ₹2 per share while celebrating 50 years of Emami. With this, the total dividend payout for FY25 stands at ₹10 per equity share, a payout of 54 per cent on profit after tax.
