Latest news with #GodrejEnterprises
Yahoo
2 days ago
- Business
- Yahoo
Leading Indian conglomerate, Godrej, showcases advanced warehousing technologies at CeMAT Australia 2025
SYDNEY, July 21, 2025 /PRNewswire/ -- Storage Solutions, a business of Godrej Enterprises Group, India, and one of the global leaders in industrial storage, warehousing & intralogistics solutions, is set to participate in CeMAT Australia 2025, taking place from 22–24 July at The Dome, Sydney Olympic Park. The company will exhibit at Booth I39, spotlighting its latest innovations engineered to meet the evolving needs of Australia's logistics and warehousing sector. With a strong focus on safety and compliance, the leading Indian conglomerate will showcase its AS 4084-certified Racking and Shelving solutions designed to deliver superior performance, structural integrity, and operational efficiency. Vikas Choudaha, Business Head, Storage Solutions, Godrej Enterprises Group, said, "As Australia's logistics landscape undergoes rapid transformation, we see a significant opportunity to contribute with globally trusted, locally compliant solutions. Our participation at CeMAT Australia 2025 marks a strategic step in expanding our presence in high-growth international markets. As certified EN & AS 4084 racking manufacturers ensuring alignment with international regulations, we are committed to supporting Australian businesses with safe, scalable, and future-ready warehousing systems. With proven capabilities to execute large-scale, complex projects, we will continue to deliver scalable solutions across sectors." As a trusted racking manufacturer and a market leader in India and several global markets, with over 70 years of industry experience and a presence in more than 40+ countries, the Storage Solutions business has delivered large-scale projects for global giants including DHL, DB Schenker, Toll, Amazon, Coca-Cola, and Iron Mountain. These projects span diverse sectors such as logistics, e-commerce, engineering, food & beverage, and pharmaceuticals, demonstrating the company's ability to deliver tailored solutions for complex operational environments. Currently, over 20% of the business's revenue is generated from international markets, with a goal to increase this to double within the next 2–3 years. Australia is a key focus in this expansion strategy, alongside the US, Europe, Middle East and South-East Asia. The business leverages high-quality steel available in India to offer durable, high-performance storage systems for global markets, including Australia. The business is also actively partnering with automation companies to supply integrated racking solutions for modern, automated warehouses. All products are made using RoHS-compliant materials, reflecting a strong commitment to health, safety, and environmental standards. As global supply chains become more agile and data-driven, the Storage Solutions business, a part of Godrej Enterprises Group, is well-positioned to deliver high-efficiency systems that align with the operational demands of modern enterprises. View original content: SOURCE Godrej Enterprises Group Error in retrieving data Sign in to access your portfolio Error in retrieving data
Time of India
01-07-2025
- Business
- Time of India
Godrej Enterprises partners with ITIs in Maharashtra to modernise traditional trades and skill youth, ET Manufacturing
Industry 1 min read Godrej Enterprises partners with ITIs in Maharashtra to modernise traditional trades and skill youth Under this partnership, Godrej signed a Public-Private Partnership (PPP) model MoU with ITI Karjat, along with three-year agreements with other ITIs.
Time of India
20-05-2025
- Business
- Time of India
Summer sales catch a cold, brands cut production
Companies are cutting production of summer consumer products such as air-conditioners, beverages and talcum powders by up to 25% to adjust inventory following tepid sales in April and the first fortnight of May. This marks an unexpected reversal of fortunes for these companies who were preparing for a robust summer after the India Meteorological Department's forecast of intense heatwaves. Temperatures in most parts of the country are still expected to rise sharply and there have also been instances of intermittent rains, while India Meteorological Department has now forecasted early arrival of monsoon this year. Company executives noted that production cuts are required due to large unsold stocks as most companies and retailers had bought excess stock by March following IMD's early forecast, and to prepare themselves after the 2024 experience, where they were caught unawares when heatwaves led to record demand. "We have cut production of ACs by about 20% to reduce the overall stock in the market," said Kamal Nandi, head of appliance business at Godrej Enterprises. He said the South, East and West reported 25-30% drop in sales in April and May compared to last year. "These markets account for 60% of overall AC sales and hence the 10% growth in North is not sufficient to compensate for the loss. Overall sales in April-May have declined by 10-15% over last year," he said. A senior executive at a leading franchise bottler of a multinational beverage company said production lines-which run in double shifts in May and June-have been staggered to a single shift across most regions in the South and East. "Beverage demand has been particularly impacted in out-of-home channels (kirana stores), since soft drinks remain a largely impulse purchase," the person said. To be sure, there was an early pick up of summer products this February and March due to a weak winter but sales during the peak June quarter is crucial for the companies. The three months through June contributes 40-50% of annual sales for summer-centric products. Last year's high growth of 40-60% of summer products due to an intense nationwide heatwave further impacted growth rates due to a huge base effect. An executive at an aerated soft drink maker said, "Each day of rain in the April-May-June quarter translates to some loss of sales for the category. This drastic change in weather has been least expected and we are looking at a subdued quarter." AC maker Blue Star managing director B Thiagarajan told analysts earlier this month that while the industry was expecting 20-25% growth this summer, in April, the industry sales declined by 15-20%. He said the inventory can be quickly corrected by adjusting production. "First problem was in March itself when material was lifted (by trade) in significant quantities, which resulted in more than four million units in the market. In my view, it was anywhere between 1.5 to 2 million more than what should have been there. Then there were sporadic rains across the country," Thiagarajan said. Companies making summer-centric daily-need products said they are curtailing inventories at retail stores and mapping offtake on a real-time basis to hedge risks of excess inventories. Emami , which makes Dermicool and Golden Beauty Talc, said in a management commentary late last week that for 1QFY26, summer was "slightly impacted by sudden rainfalls, and that Southern and Eastern regions were more impacted." The company called out the impact particularly on its talcum powder offtake in April. The absence of an intense heatwave in April and May in many states is in complete contrast to earlier expectations which had led summer-focused companies to accelerate stocking as well as advertising.
Time of India
19-05-2025
- Business
- Time of India
Summer sales catch a cold, brands cut production
Companies are cutting production of summer consumer products such as air-conditioners, beverages and talcum powders by up to 25% to adjust inventory following tepid sales in April and the first fortnight of May. This marks an unexpected reversal of fortunes for these companies who were preparing for a robust summer after the India Meteorological Department's forecast of intense heatwaves. Temperatures in most parts of the country are still expected to rise sharply and there have also been instances of intermittent rains, while India Meteorological Department has now forecasted early arrival of monsoon this year. Company executives noted that production cuts are required due to large unsold stocks as most companies and retailers had bought excess stock by March following IMD's early forecast, and to prepare themselves after the 2024 experience, where they were caught unawares when heatwaves led to record demand. "We have cut production of ACs by about 20% to reduce the overall stock in the market," said Kamal Nandi, head of appliance business at Godrej Enterprises. He said the South, East and West reported 25-30% drop in sales in April and May compared to last year. "These markets account for 60% of overall AC sales and hence the 10% growth in North is not sufficient to compensate for the loss. Overall sales in April-May have declined by 10-15% over last year," he said. A senior executive at a leading franchise bottler of a multinational beverage company said production lines-which run in double shifts in May and June-have been staggered to a single shift across most regions in the South and East. "Beverage demand has been particularly impacted in out-of-home channels (kirana stores), since soft drinks remain a largely impulse purchase," the person said. To be sure, there was an early pick up of summer products this February and March due to a weak winter but sales during the peak June quarter is crucial for the companies. The three months through June contributes 40-50% of annual sales for summer-centric products. Last year's high growth of 40-60% of summer products due to an intense nationwide heatwave further impacted growth rates due to a huge base effect. An executive at an aerated soft drink maker said, "Each day of rain in the April-May-June quarter translates to some loss of sales for the category. This drastic change in weather has been least expected and we are looking at a subdued quarter." AC maker Blue Star managing director B Thiagarajan told analysts earlier this month that while the industry was expecting 20-25% growth this summer, in April, the industry sales declined by 15-20%. He said the inventory can be quickly corrected by adjusting production. "First problem was in March itself when material was lifted (by trade) in significant quantities, which resulted in more than four million units in the market. In my view, it was anywhere between 1.5 to 2 million more than what should have been there. Then there were sporadic rains across the country," Thiagarajan said. Companies making summer-centric daily-need products said they are curtailing inventories at retail stores and mapping offtake on a real-time basis to hedge risks of excess inventories. Emami , which makes Dermicool and Golden Beauty Talc, said in a management commentary late last week that for 1QFY26, summer was "slightly impacted by sudden rainfalls, and that Southern and Eastern regions were more impacted." The company called out the impact particularly on its talcum powder offtake in April. The absence of an intense heatwave in April and May in many states is in complete contrast to earlier expectations which had led summer-focused companies to accelerate stocking as well as advertising.
Time of India
30-04-2025
- Business
- Time of India
Not cool: AC and refrigerator sales witness sharp decline
After a buoyant start in March, fear has gripped summer product companies with sales of air-conditioners and refrigerators slipping sharply in April in some geographies like the South and East pushing down overall growth rates. Beverages makers said sales have been marginally impacted in select markets where April has seen lower temperatures, but added that at a national level, demand is growing in double digits. Sales of air-conditioners fell by over 20 per cent year-on-year nationally in April, while refrigerator demand was down by 10 per cent , as per industry estimates. For beverages, sales were down by 10-15 per cent y-o-y in the East, Northeast and some Southern markets like Karnataka, the executives said. Industry executives said lower number of heatwave days in the peak summer period of April compared to last year, moderate temperatures in South, East and Northeast, and intermittent rains slowed offtake in these markets. "AC sales have been down in most geographies in April including parts of North India which were cooler till about 8-10 days," said Pradeep Bakshi, managing director at Tata-owned Voltas. "Retailers are fully prepared with stock, waiting for peak summer demand to pick up," he said. However, Bakshi, declined to share sales numbers of Voltas due to the silent period before announcement of last quarter results. As a result, most companies are now postponing the planned 3-4 per cent price hike of ACs from May to ensure the sales buoyancy is not impacted. Kamal Nandi, head of appliance business at Godrej Enterprises, said even refrigerator sales were down by about 8-10 per cent in April y-o-y due to poor demand in the South. "For AC, only North is firing right now, which is 40 per cent of the national market. Rest are down, pulling down overall growth rates," he said. While the North is the largest market for most summer products, the contribution of other regions has gone up in the last two years due to prolonged heat waves. Last year, most AC brands were facing a stock out situation by now due to intense demand across the country with sales jumping by a huge 50-55 per cent . This high base effect is also pulling down growth rates this year. Even beverage companies are impacted, despite the price war in the segment driven by Reliance's Campa cola. A senior executive at one of India's largest beverage bottling companies said April has been a disappointment in markets like Karnataka, East and North East because of lower temperatures. This is despite sales being ahead of expectations in February and March, he said. "However, sales in the North have held through this month. With forecasts of a heatwave nationally in May and June, we expect the overall quarter to be much better than last year. We are prepared to meet the expected surge in demand," he said. April-June is the most crucial period for companies selling summer products as this quarter accounts for 40-70 per cent of their annual sales. Sales of AC and refrigerators in the South declined by 40-50 per cent in April over last year, while East and West were down by about 5 per cent . Havells India managing director Anil Rai Gupta told analysts last week that there was slower growth in the summer products like AC and fans due to a delay in the onset of peak summer in North and South. "Hopefully, it should pan out well in the next 75 days of the quarter, but it's still to pan out," he said.
