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Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides (HI) segment, Godrej Consumer Products expects a "flattish" underlying volume growth and a mid-single-digit sales growth in the domestic market in the December quarter. Both segments jointly contribute to two-thirds of GCPL's standalone revenue — mainly income from operations from the domestic market. However, the rest of the portfolio is demonstrating good performance and is expected to deliver double-digit underlying volume growth, Godrej Consumer Products Ltd (GCPL) said in an update on business conditions and quarterly performance to the exchanges. "The demand conditions in India have been subdued for the past few months which is evident in the FMCG market growth," it said. A surge in palm oil and derivatives prices to the extent of a year-on-year increase of 20-30 per cent has impacted the soaps category, representing one-third of GCPL's standalone business revenue. "To partly offset the cost increases we have taken price increases, reduced grammage of key packs and reduced various trade schemes," said the Godrej Industries Group FMCG arm. Such pricing actions typically have minimal impact on category consumption but do result in reduced inventory across wholesale and household pantries, it said. It anticipates normalisation happening on the volume growth side following price stabilisation after the next few months only as per the historical patterns. Moreover, delayed winters in the north and cyclones in south India have slowed down sales in the HI segment, which also contributes one-third to GCPL's standalone business. "This has impacted HI category growths in the current quarter," it said. Under the HI category, GCPL operates in the home hygiene segment with mosquito repellent brands such as Good Knight and HIT. "However, given the significant contribution of soaps and HI to the overall business mix, the standalone business is expected to report around flattish underlying volume growth and around mid-single digit sales growth in this quarter," it said. According to GCPL, these are "exceptional situations in standalone business" that the management believes are transitionary and not structural. "Hence the management remains focused on navigating these near-term challenges while maintaining strategic investments for long-term growth as these negative trends are likely to persist for a few months," it added. GCPL's international businesses continue to do well on their relevant strategic objectives, it added. Indonesia, which is the second largest market for GCPL after India, it expects to deliver a "continued superior performance with mid-single digit volume growth and high single-digit sales growth". While its GAUM (Godrej Africa, USA, and Middle East) organic business is expected to see volume decline due to a reduction in trade stocks and portfolio simplification, as per its earlier guidance. "The effects of these actions would be largely completed in Q3 FY25. However, we continue to do well on our profitability journey, and this is likely to be the fourth consecutive quarter of healthy EBITDA margins for GAUM," it said. Through these updates, GCPL provided an overall summary of the demand conditions & trends and operating performance during the ongoing quarter. "This will be followed by a detailed performance update, post the approval of the Q3 FY25 financial results by the Board of Directors," it added. In FY24, GCPL had a consolidated revenue of ₹14,096 crore in which 59% was from the Indian market and the rest 41%was generated from international operations. Published - December 07, 2024 09:19 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit business (general)Docusign Announces Third Quarter Fiscal 2025 Financial ResultsSyrian insurgents reach the capital as worried residents flee and stock up on supplies

Hyderabad: A state-level food safety team conducted a raid at Santosh Foods in Yenugonda, Mahabubnagar district in Telangana on Saturday, December 14. The inspection uncovered multiple food safety violations raising serious hygiene concerns resulting in the suspension of the establishment’s license under the Food Safety and Standards Act, 2006. During the raid, the Telangana food safety team found that food products were being packed with labels displaying incorrect and inactive food licenses and the products lacked mandatory labelling requirements such as manufacturing and expiry dates. These violations led to the seizure of food items including chips, Namkeen, roasted groundnuts, fried moong dal and kara mixture worth Rs 60,500. Further, the team observed hazardous practices at the establishment such as food ingredients like groundnuts stored in urea bags, a material prohibited for food handling due to contamination risks. State level task force team has conducted inspections in Mahabubnagar district on 14.12.2024. Sri Santosh Foods, Yenugonda, Mahabubnagar * Food products were being packed with labels mentioning incorrect and inactive food license, and lacked... pic.twitter.com/uz8hqPKDRZ Then, pest-infested flour and fungal-infected potatoes valued at Rs 26,000 were discovered and discarded immediately. Additionally, reused oil and synthetic food colours which are banned under food safety regulations were being used in the preparation of snacks. Earlier, the Telangana food safety department conducted a raid on an eatery in Medak and discovered multiple violations. The raid was conducted on December 3 at Sunny Foods in Kallakal, Manoharabad. The establishment was found to be operating without a valid FSSAI license. Additionally, the company was manipulating product names using attractive, irrelevant pictorials and names which violates FSSAI labelling guidelines. During the raid, the Telangana food safety team also discovered the use of expired food additives including tomato masala and maggie masala for the preparation of ready-to-eat savouries. As a result, Rs 2.13 lakh worth of snacks like Namkeen, Chips, and Colored Saunf were seized and discarded to ensure public safety. The scrutiny of restaurants in Hyderabad continues as the Telangana food safety department’s task force conducted raids on Saturday, December 14 at Daily Rituals restaurant located at Road No 45 in Jubilee Hills. Expired products were discovered on the premises, including a 280 ml bottle of biryani flavour that expired on October 2, 2024, and a 180 gm samosa pastry that expired on November 28, 2024. Both items have been seized. On Friday, December 13 the food and safety department raided the popular Heart Cup Coffee Restaurant and Bar. During the raid, officials discovered a live cockroach infestation in the kitchen, which had a littered floor and was not equipped to remove food waste from the drains. Moreover, the ceiling of the kitchen floor was found to be covered with soot. On November 20, a task force of the Telangana food safety officials conducted food raids at nutraceutical manufacturing units in IDA Mallapur revealing alarming safety violations and regulatory non-compliance. The inspections focused on two facilities, Vin Biomed and Nuvista Pharmaceutical Pvt Ltd. Both were found to have numerous issues that jeopardized consumer safety. The task force seized six kg of co-Enzyme Q10 (Nutra) Powder worth Rs 50,000 due to an invalid FSSAI license and 17 kg of MK Cocoa Powder valued at Rs 6,800 for lacking an FSSAI license and batch number.Cracks Emerge In Nvidia's AI Armor. What's An Investor To Do?ABUJA – The Chief of Defence Staff (CDS) General Christopher Gwabin Musa, on Thursday harped on the critical role of the Defence Correspondents Association of Nigeria (DECAN) in the promotion of national security and national interest. General Musa stated this in his keynote address at the Roundtable Discussion On Nigeria’s Security and the National interest. The event was organized by the National Counter Terrorism Centre (NCTC) Office of the National Security Adviser (NSA) with DECAN. The CDS who described the event as a “great feat”, however commended the the NCTC for its “efforts towards ensuring our dear country Nigeria is safe and secure.” He said, “Today’s occasion presents me the rare opportunity to make a statement on the critical role of the media in fostering Nigeria’s national security and defence matters thus necessitating collaboration to further Nigeria’s national security interest. “The theme for the discussion, ‘National Security and National Interest, A Development Journalism Approach for the Defence Beat’ is apt considering the propensity of development and sits at the intersection of national pride, global responsibility as well as the pursuit of peaceful coexistence and sustainable development. “In a world fraught with echoes of conflict, uncertainty, security dilemmas, ambiguous and complex geopolitical challenges, the narrative surrounding national security often emerges from a narrow lens. It is easy to find that the focus on national security is often skewed and confined to discussions of military strength as well as the immediate threats posed by hostile state and non-state actors.” Although these views are essential, General Musa noted that “it is important our understanding of national security is expanded to incorporate broader social, economic, and environmental elements which are hallmarks of what is termed ‘development journalism’. “It is also necessary to note that the actions of the military in ensuring Nigeria’s national security accounts for only 30 percent of the overall efforts required while the remaining 70 percent for maintaining Nigeria’s peace and security rest on the socio-economic elements of the country.” In a nutshell, the CDS revealed that national security entails the protection of our nation’s core values, institutions as well as citizens from both external and internal threats while national interest involves the broad goals and objectives guiding our nation’s actions and decisions. “These are critical concerns of our nation particularly in the face of numerous security challenges which tends to undermine the very fabric of our country and threatens the safety as well as security of our citizens. Military efforts to safeguard our nation’s sovereignty could be enhanced through development journalism which is a specialized form of journalism that focuses on the social, economic, and political development of a nation. “In the area of defence beats, development journalism seeks to promote public awareness and understanding of defence as well as security issues, while holding governments, the defence sector and other stakeholders accountable for their actions as well as informing decision-making by policymakers and defence officials.” The adoption of a development journalism approach the CDS said allows for a more active collaboration with journalists and media organizations, enabling them to play a more effective role in promoting national cohesion and stability thereby advancing Nigeria’s national interest. According to General Musa, “Our national security cannot and should not solely be reliant on the strength of the Armed Forces of Nigeria rather it should be strengthened by Nigeria’s educated, healthy and socially cohesive population underpinned by development journalism. “More so, the development journalism approach will not only require collaboration and dialogue among stakeholders, it will also focus on people centrism in the accomplishment of Nigeria’s national interest. “This approach thus resonates with my leadership concept which is, “to Nurture a Professional Armed Forces of Nigeria that is People-Centric, Capable of Meeting its Constitutional Responsibilities in a Joint and Collaborative Environment.” Also speaking, the National Coordinator (NCTC), Major General Adamu Laka said, “We are gathered here today, though from various professional backgrounds, but as athletic Nigerians, jointly committed to understanding the role of the media in relation to national security and interests. “As we are rightly aware, the role of the media, especially journalists, as signed defence and security beats is pivotal in shaping public perception and policy on critical issues of national security and interests. “Through reporting, analysis and storytelling, journalists inform members of the public and have the power to influence strategies, people’s actions and reactions. Having been in this military career for a while, I must attest to the fact that our defence and security correspondents have been an immense wealth of expertise and experience. “Most of you have reported on the frontlines, analysed trends and followed the intricate network that sustained these threats to our national security and interests. You have confronted not just the facts, but also the responsibility to report with accuracy, fairness and sensitivity in an environment that is often fraught with misinformation and heightened emotions.” General Laka, however assured that the National Counter-Terrorism Centre, Office of the National Security Advisor, will continue to collaborate with you and other critical stakeholders to achieve and sustain the destruction of terrorist propaganda.” The objective of theroundtable discussion with the media, according to Laka is to “foster an open and insightful exchange of ideas. “By sharing your experiences, observations and challenges, together we aim to enhance collective understanding of the dynamics of terrorism and its evolving tactics, discover the ethical considerations of reporting on such sensitive issues, identify opportunities for collaboration between journalists, security experts and policy makers, and have best thoughts on the development of a national strategic communication plan and protocol for the gathering and distribution of news on terrorism and violent extremism with the hope of stemming threats to our national security and interests. “Additionally, we thought it prudent to invite commissioners and special assistants to governors of states affected by terrorism and violent extremism, as your insights and experience are integral to this discourse. “Your contributions today will help shape practical strategies for addressing these challenges. Please engage openly, freely and consultatively. At this juncture, I would like to extend my heartfelt gratitude to the Chief of Defence Staff for honouring our invitation. “Your guidance and steadfast support have been pivotal to the Centre’s ongoing efforts for Nigeria’s safety and security. I also wish to express sincere appreciation to all those here present, the Chairman and Special Advisor to the President of Media and Publicity for your support to this Centre. Finally, I thank all our distinguished guests and members of the Defence Correspondence Association of Nigeria for making time to be with us today.”

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