Latest news with #Mallick
Mint
15-07-2025
- Business
- Mint
Cooling edible oil prices, good monsoon stoke AWL's optimism for strong demand
New Delhi: AWL Agri Business Ltd (AWL), which sells edible oils, flour and food, expects a significant rise in demand, particularly ahead of the festive season, spurred by a recent cooling in edible oil prices and strong monsoon showers that are key to the rural economy. This price decline is a direct result of the government's decision to lower duties on crude edible oil imports. Angshu Mallick, managing director and chief executive officer (CEO), AWL Agri Business, said in an interview with Mint that the company has fully passed on these price reductions on edible oils to consumers, and is expecting a pickup in demand July onwards. In the April-June quarter, the maker of Fortune edible oil reported a 5% year-on-year decline in overall volumes, even as the company posted a 21% rise in revenue, reaching ₹ 17,059 crore. The volume dip in the June quarter was largely attributed to edible oil and food. To be sure, the entire industry experienced a volume contraction in the edible oils category. Mallick emphasized that the government's decision to slash import duties on crude edible oils on 31 May led to delayed purchases, as buyers awaited price stabilization, hurting overall consumption. 'Due to the import duty cut on 31st of May, the entire trade was waiting, and they wanted to understand the impact of the duty cut, how the prices would be. So, everybody delayed their purchases. As a result, we had an impact due to that,' he said. Additionally, out-of-home consumption and B2B segments—purchases by other packaged food companies—remained subdued, reflecting a broader slowdown in consumer demand for categories like frying chips and snacks. Effective 31 May, the basic customs duty on crude soybean oil, crude palm oil and crude sunflower oil was halved to 10%. This change came after over eight months of higher import taxes on these oils. The effective import duty on these three products, which includes basic customs duty and additional fees, now stands at 16.5%, down from the previous 27.5%. 'Price (of edible oil) has come down between 1st April and now by almost 6 to 7%. Palm oil has come down by 14%. Palm (oil) was always costly and because of that the entire out-of-home consumption was also subdued. I am sure July onwards, we will see better consumption story,' he said. During the quarter, the food segment's performance was significantly impacted by the consolidation of the non-basmati rice business, where the company reduced its geographical footprint to just a few key states, which contributed to lower volumes in this category. The company also sells pulses and besan (gram flour), soya nuggets, sugar and poha (rice flakes). Revenue from the food and FMCG segment declined 8% year-on-year during the quarter to ₹ 1,414 crore due to multiple headwinds. However, excluding the G2G rice business, revenue from the segment increased by 4% year-on-year. G2G refers to rice traded under government-to-government agreements, often to meet food security requirements. The G2G business, involving rice sales to government-appointed export agencies, generated ₹ 316 crore in FY25, but was largely discontinued after Q3FY25, the company said in its June quarter earnings. In the wheat flour category, volumes were affected by soft consumer demand, higher brand premiums and increased local competition. With further planned initiatives, the company anticipates volume growth will continue to exceed industry rates, as stated in its earnings statement. Looking ahead, Mallick pointed to a rebound during the upcoming festive season. 'Festivals are around the corner—they are early this year. Demand will pick up; along with a good monsoon. Overall, it looks like urban and rural demand will be very robust till December. Prices are stable and these prices are very affordable,' he added.
Time of India
14-07-2025
- Time of India
Man gets life term for 2019 murder
1 2 Kendrapada: The district and sessions court of Jajpur on Monday sentenced Debaprasad Mallick (32) from Brunadabanpur village to life imprisonment for murdering Prakash Chandra Das (40), a fellow villager. District and sessions judge Amrut Ranjan Nanda found Mallick guilty and has also fined him Rs 10,000. Failure to pay the fine will result in an additional six month's imprisonment. The murder, which occurred in 2019, was a fallout of long-standing enmity between the two. Mallick fatally attacked Das with an axe, killing him. Local police arrested Mallick a week after the incident, charging him with murder. TNN
Time of India
13-07-2025
- Health
- Time of India
Another 3k birds culled in Puri dist amid flu outbreak
Bhubaneswar: More than 3,000 birds were culled on the second day in Delanga area of Puri district following a bird flu outbreak. The culling, which began on Saturday, focused on preventing the spread of H5N1 virus by removing infected poultry. "The govt is fully prepared and taking all necessary steps to contain the outbreak swiftly, safeguard public health, and protect the poultry sector," fisheries and animal resources development (F&ARD) minister Gokulananda Mallick said on Sunday after visiting Bada Ankula village in Puri's Delanga block. Over two days, 6,756 birds were culled within a 1-km radius of the epicentre. The carcasses were scientifically disposed of in deep lime-treated pits as per bio-safety protocols, official sources said. The minister reviewed on-ground response and directed officials of F&ARD department and the district administration to intensify containment and surveillance measures to prevent the further spread of the disease. Mallick assured that compensation will be provided to affected poultry farmers within the next two days. "The livelihoods of poultry farmers will not be allowed to suffer. We are taking every possible step to support them and ensure the situation is under control," he said.
CNBC
11-07-2025
- Business
- CNBC
The No. 1 red flag that someone is a bad boss, according to a workplace expert: ‘Sometimes you want a job so badly that you ignore it'
Mita Mallick knows bad bosses. Through her previous roles in marketing and HR, Mallick experienced a wide range of toxic boss behavior, not limited to yelling, micromanaging, gossiping, taking credit for others' work and napping through meetings. "All these years later, I still remember these people," she says — as well as their harmful effects on the workplace. According to Mallick, now an author and workplace strategist, "we all come to work because we want a paycheck, but we also want to be recognized and valued for what we do," she says. A bad manager can have a negative impact not just on team morale, but on productivity and work quality, too, she says — not to mention turnover rates. Mallick writes about the impact of toxic managers in her upcoming book "The Devil Emails at Midnight: What Good Leaders Can Learn From Bad Bosses," which debuts in September. Here's what she's learned about how to spot bad bosses and avoid unhealthy workplaces. For Mallick, the biggest sign that your prospective boss might be toxic is how they behave during the job interview. "It's their first impression, so they should be on their best behavior," she says. If not, "that's the red flag." According to Mallick, punctuality is just as important for the interviewer as the interviewee. If your prospective manager is repeatedly late "without apologizing," she says, they probably won't respect your time in the workplace. Additionally, Mallick says, their demeanor can provide a clue to their management style. She cautions job seekers to avoid leaders who seem indifferent or "disengaged" during the interview: it's an indication that they won't be available for mentorship or guidance, she says. Overall, Mallick recommends paying close attention to how your prospective boss talks about the organization. Honesty is always appreciated, she says, but when a supervisor openly complains about their company, it may be a sign of their own bad attitude, or of a toxic work culture — both of which are major red flags. "I've been in interviews where people will tell me, 'This is a really tough place to work. It is rough.' And I was like, 'Wait, you're trying to sell me on this job, right?'" she says. Still, Mallick understands why many people overlook bad behavior in interviews: "Sometimes you want a job so badly that you ignore it." Earlier in her career, Mallick says that she "fell into a trap" of pursuing jobs that she viewed as impressive, despite noticing significant red flags along the way. Rather than chasing prestige, job seekers should focus on finding a positive, productive workplace, Mallick advises. "Don't get caught up in what looks good on your resume, versus what you actually will be doing there," she says.
Time of India
06-07-2025
- Business
- Time of India
Homegrown Goods More Shelf Assured Abroad
Live Events Smartphones may have sizzled their way to become the country's largest exported goods in the last fiscal year, but India-made daily use consumer goods such as biscuits, noodles, packaged gram flour, soaps and shampoos are also rapidly making inroads into global fast-moving consumer goods companies like Hindustan Unilever (HUL), ITC, Marico, Godrej Consumer Products, Dabur and AWL Agri Business (formerly Adani Wilmar) have reported faster growth in their export revenue compared with local sales in the past two fiscal years. While international business accounts for only 3% of the turnover for some like HUL due to their very large domestic operations, it brings more than 20% of the revenue for companies such as Dabur, Emami and Marico. Unilever India Exports Ltd, HUL's wholly owned subsidiary for exports to other Unilever companies globally, posted an 8% increase in sales at Rs 1,258 crore in the last financial year ended March 31, according to HUL's annual report. Its net profit rose 14% to Rs 91 crore. HUL's total sales, meanwhile, grew at a tepid pace of 2%, weighed by weak domestic company attributed the export growth to products in skin care, lifestyle nutrition, hair care and personal wash, driven by brands like Dove, Horlicks, Vaseline, Pears, Bru, Sunsilk, Glow and Lovely, Pond's, Lakme and Lifebuoy. It's not just basmati rice, traditionally a top commodity for exports from India, which is in high demand, said Angshu Mallick, chief executive at AWL Agri Business, India's largest packaged edible oil company. Mustard and sunflower oil, atta, besan (gram flour), soya nuggets and poha (flattened rice) all are seeing strong demand in foreign markets, he said.'We are just scratching the surface. The proliferation of Indian restaurants and popularity of Indian cuisines in the West is driving the exports. And it's not just the Indian diaspora but even the local people (in foreign markets) are buying these,' said Mallick, predicting that exports could rise 50-80% this fiscal demand is strong, a push from the government through export-focussed programmes like production-linked incentive schemes (PLI) for the food processing industry and millet-based products are also helping boost shipments, industry executives said. The government in December said it had selected 73 companies for benefits under the PLI scheme for marketing Indian-branded food products in global said in its latest annual report that its branded export business grew threefold in the past three years to cross ₹250 crore in FY25. Godrej Consumer Products said in an investor presentation that the operating margin of its international business expanded to 17% in FY25 from 10% two years told analysts recently that its export business is scaling up fast and it posted 14% growth in constant currency terms (excluding the impact of currency movements) in FY25, compared with overall growth of 12%. At Dabur, exports grew 17% against a 1.3% expansion in consolidated revenue. ITC Ltd said in its latest annual report that the company is seeing 'green shoots' in exports of biscuits, noodles and snacks while its Aashirvaad Atta is already the market leader in several countries. 'ITC is also exploring strategic opportunities in proximal markets as a potential vector of growth going forward,' it a bulk of ITC's foreign exchange earnings from export is still driven by agri-commodities — export revenue rose 7% to ₹7,708 crore in FY25 — its FMCG export is set to become the next growth driver. The firm said its FMCG products are now sold in over 70 countries. Exports of other consumer goods from apparel, jewellery and consumer electronics to automobiles have also grown last fiscal year.
