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<keyword id="564534" type="General" weightage="20" keywordseo="emami-limited" source="Orion">Emami Limited</keyword>, at a board meeting held on Thursday, announced that its founders, <keyword id="862121" type="General" weightage="20" keywordseo="R-S-Agarwal" source="Orion">R.S. Agarwal</keyword> and <keyword id="13094825" type="General" weightage="20" keywordseo="r-s-goenka" source="Orion">R.S. Goenka</keyword> have expressed their desire to step down from their current executive positions while continuing on the Board. Accordingly, the Board unanimously decided to appoint R.S. Goenka as Non-Executive Chairman while re-designating R.S. Agarwal as Chairman Emeritus effective 1st April, 2022. Both the Founders will not accept any emoluments from the Company for taking up their new positions. The decision comes in the wake of Board restructuring that was part of the succession planning of the FMCG business of the Group. The Emami Ltd Board also acceded to Sushil K. Goenka's desire to step down from his current position as the Managing Director of Emami Ltd as part of the transition process and has re-appointed him as a Whole-Time Director of the Company effective 1st April, 2022. <keyword id="195893" type="General" weightage="20" keywordseo="mohan-goenka" source="Orion">Mohan Goenka</keyword> and <keyword id="1935599" type="General" weightage="20" keywordseo="harsha-v-agarwal" source="Orion">Harsha V. Agarwal</keyword>, Whole-Time Directors of Emami Ltd., have been spearheading multiple functions and growing the business successfully thereby gaining immense exposure to steer the organisation forward. The Board therefore found them to be deserving candidates and re-designated Mohan Goenka and Harsha V. Agarwal and Whole-Time Directors as Vice Chairman-cum-Whole Time Director and Vice Chairman-cum-Managing Director respectively, effective April 1, 2022 to steer the organisation forward, subject to shareholders' approval. Commenting on the announcement, Founders, R.S. Agarwal and R.S. Goenka said, "We are happy to announce the re-designation of Mohan Goenka and Harsha V. Agarwal as Vice Chairman-cum-Whole Time Director and Vice Chairman-cum-Managing Director respectively. They have been in the forefront of running &amp; growing the organisation for over two decades and their ascension today is the formal recognition of their contribution by our esteemed Board." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/chip-spending-increased-by-25-2-per-cent-in-2021-amid-global-shortage-gartner/articleshow/89322024.cms">Chip spending increased by 25.2 per cent in 2021 amid global shortage: Gartner</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/facebook-blames-prepaid-tariff-hike-in-india-for-slow-user-growth/articleshow/89321413.cms">Facebook blames prepaid tariff hike in India for slow user growth</a>

Emami founders step down from executive positions

Kolkata-based <keyword id="40233" type="COMPANY" weightage="100" keywordseo="emami">Emami</keyword> has entered India's male <keyword id="659289" type="UNKNOWN" weightage="100" keywordseo="deodorant">deodorant</keyword> segment, t<keyword id="4543850" type="PERSON" weightage="100" keywordseo="he">he</keyword> largest and fastest growing category in male grooming, with a new brand called ‘He’. <keyword id="2315381" type="UNKNOWN" weightage="40" keywordseo="Harsha-V-Agarwal">Harsha V Agarwal</keyword>, director Emami, said the company has also appointed <keyword id="143" type="CITY" weightage="40" keywordseo="Bollywood">Bollywood</keyword> heartthrob <keyword id="6354563" type="PERSON" weightage="80" keywordseo="Hrithik-Roshan">Hrithik Roshan</keyword> as brand ambassador for ‘He’ deodorants. 

	"We want to notch up to 5-6% share of the deodorant market in India in two years which will make ‘He’ brand around Rs 100-130 crore by then," he said.
 Emami hopes ‘He’ will compete against other brands like Hindustan <keyword id="45009" type="CITY" weightage="40" keywordseo="Unilever">Unilever</keyword>’s ‘<keyword id="6652738" type="UNKNOWN" weightage="80" keywordseo="axe">Axe</keyword>’, ITC's ‘<keyword id="795595" type="UNKNOWN" weightage="80" keywordseo="engage">Engage</keyword>’, Vini Cosmetics' ‘<keyword id="904580" type="PERSON" weightage="100" keywordseo="FOGG">Fogg</keyword>’ and P&amp;G's ‘<keyword id="187801" type="ORGANIZATION" weightage="100" keywordseo="Old-Spice">Old Spice</keyword>’. 

	The company also plans to roll out the brand nationally with its main focus on 23 top cities, starting with the north, west and east.
 

	The brand will be launched in the southern part of India in the second phase.
 ‘He’ will be the second dedicated male grooming brand for the company after fairness cream ‘<keyword id="738114" type="UNKNOWN" weightage="80" keywordseo="Fair-and-Handsome">Fair and Handsome</keyword>’. According to <keyword id="6456080" type="COMPANY" weightage="80" keywordseo="Nielsen">Nielsen</keyword>, a global information and measurement company, male deodorants still have 69% of the sales contribution, whereas women's deodorants are pushing the growth in the segment. 

	The company wants its new brand to eventually extend into the entire space of male grooming in areas such as skin and hair care.
 

	The Rs 2,300-crore deodorant market is driven by robust growth in India. 
	(Image: Emami official site)

Emami Forays Into Male Deodorant Segment With Hrithik Roshan, Eyes Rs 130 Crore

<ul><li>Finance Minister of India Nirmala Sitharaman presented the Union Budget on February 1, 2022.</li><li>Struggling with high inflation and tepid rural demand, FMCG companies were hopeful for some positive news, steps and reforms that would help boost consumption in the economy.</li><li>However, with no changes in personal tax, there isn’t for hope for a drastic change in consumption and demand.</li><li>At the same time, there are enough subsidies to support the rural areas of the country.</li><li>Here’s what leading FMCG companies have to say about the Union Budget 2022-2023.</li></ul>The Union Finance and Corporate Affairs Minister Nirmala Sitaraman presented the Union Budget for 2022-2023 on February 01, 2022. The government announced that 5% of the annual collections under the Universal Service Obligation Fund will be allocated to improve broadband and mobile service penetration in rural India. This move will allow Fast Moving Consumer Goods (FMCG) brands and all businesses to cast their net a little wider in rural areas via mobile services. The government’s plan to expand the National Highway network by 25,000 KM, the Gati Shakti plan to strengthen seven engines of infrastructure, the launch of 100 new cargo terminals, will further open up new roads for brands and improve logistics efficiency. It will also create new job opportunities in rural areas, improving consumption and demand. The finance minister also mentioned that the government intends to pay ₹2.7 lakh crore worth of minimum support price (MSP) direct payments to wheat and paddy farmers. The government is also looking to deploy drones for agriculture monitoring, crop assessment, digitisation of land records and spraying of insect pesticides. These initiatives will help boost rural incomes and aid the growth of FMCG companies. The Union Budget aims to facilitate ease of doing business and give a push to consumption by providing employment opportunities, improving infrastructure, focusing on technological advancement and accessibility. Here’s how these subsidies for rural India will pave the way for FMCG growth: Mayank Shah, Senior Category Head, Parle Products: First of all, putting money in the hands of consumers really helps, so they go out and buy products. So that was more on the front of ensuring that the demand remained robust given that we have gone through two years of pandemic. That was something that industry expected, either by tax cut, or by increasing the slabs tax brackets or by probably increasing the standard deduction limit. Those were the things that we expected but not much has been done there. However, on the second front of job creation, the government has done a lot. The budget talks about seven engines driven by PM GatiShakti that will definitely boost employment and increase the number of jobs. The budget also talked about 60 new jobs to be created in the next five years. That is relatively a longer process compared to the first expectation which was putting money in the hands of consumers, which would have yielded immediate results. A 20,000 crore boost in transportation infrastructure will definitely help in terms of job creation going forward. Another thing the government would have ensured on the rural front was increased allocation to MGNREGA or direct benefit transfer. In Fact they chose the other way. In terms of rural demand, when you're talking about putting money in the hands of rural consumers by increased MSP and increased MSP allocation, it is also going to have an impact on the inflation because if you increase the MSP, that eventually is going to increase the cost of agri products, primary inputs in food processing. So procurement is going to be increased. The current challenge ahead of most FMCG companies, which is managing inflation, probably would be aggravated, so I consider it to be neutral. Probably placing this money in the hands of consumers through MGNREGA or DBT would have ensured demand to remain robust. Ahmed ElSheikh, President, PepsiCo India: Reviving economic growth, increasing consumption, and fostering investment to fuel post-pandemic growth have been key objectives for the government, and the <keyword id="12134566" type="General" weightage="20" keywordseo="union-budget-2022" source="Orion">Union Budget 2022</keyword> reflects this very intent. This year's Union Budget lays forth a vision for India at 100 years. The Government is leading from the front by raising public sector spending to keep the economic recovery on track. Digitization combined with infrastructural creation will accelerate economic development, stimulate innovation and entrepreneurship enhance living standards while keeping sustainability at its core. The increased outlay for PM Gati Shakti projects for multi-modal connectivity including 100 new railways logistics hubs coupled with steps like enhancing local oilseed production, extending the last date for starting production for new manufacturing units, encouraging alternate cropping will aid growth of the FMCG sector and further strengthen Govt’s vision of an Atmanirbhar Bharat. Saugata Gupta, MD and CEO, Marico Limited: With this Union Budget, the government has laid out a growth oriented, future focused blueprint for India. By prioritising job creation, infrastructure growth and strengthening digital capabilities while making ‘inclusive development’ and ‘financing of investments’ two of the key focal points of the Budget, the government is successfully laying the groundwork for faster financial inclusion and expansion of the credit ecosystem. It has undertaken some key initiatives targeted towards credit growth, farmer welfare, improving the health and education infrastructure, digital currencies and start-ups which will benefit young aspirational Indians. If executed well, the budget will trigger the virtuous cycle of economic growth and employment creation, leading to momentum in growth. I believe that the budget has several inclusive measures and policies that balance consumer needs with industry requirements. It encapsulates the spirit of an Atmanirbhar Bharat and takes strong steps towards fulfilling that vision. Venkatesh Vijaraghavan, Director &amp; CEO - FMCG, CavinKare: We welcome the futuristic, investment-led, growth-oriented Budget with a strong impetus to infrastructure and capability building, which would boost GDP, Atmanirbartha, economic stability and job creation, thereby reaping demographic dividend. Ghanshyam Khandelwal, Chairman, BL Agro: The budget was as expected. We didn't anticipate the industry to take centre stage because several schemes for the FMCG sector have already been implemented in recent years. However, the mention of a rationalised strategy to improve domestic oilseed production and minimise reliance on imports was welcomed. A more promising statement was the package that centers on farmers adopting appropriate fruits and vegetables, as well as proper harvesting practices. The move will go a long way towards uplifting the food processing sector. Harsha V. Agarwal, Director, Emami: A very forward-looking budget with focus on capital expenditure which should drive growth. The ease of business in India has also been prioritised. So over all the budget pulls no surprises and focuses on growth of the Indian economy. Amrinder Singh, Director, Bonn Group of Industries: As the social security benefit of state and central government employees has been enhanced in this Union budget 2022, we are expecting that it will spur the consumption. The government has put money in consumer’s hands and ensured that the demand is not getting affected by increasing the tax deduction limit by 14 percent of the state government employees. Vikram Agarwal, Managing Director, Cornitos: The Union Budget 2022-23 is a progressive budget, our Government is concentrating on infrastructure, employment generation, and future developments. This appears to be a growth-oriented budget as efforts are being made to reduce compliance burdens and improve ease of doing business. The Budget has given an extension of the ECLGS Scheme which would provide much-needed help to the MSME sector especially the hospitality and related food processing segments. The past few years have been tumultuous for the hospitality segment and I am hopeful that this initiative gives the industry a much-needed boost.

Union Budget 2022-2023: Here’s how FMCG brands reacted to the budget

New Delhi/Kolkata, Two plants of <keyword id="40233" type="COMPANY" weightage="20" keywordseo="emami">Emami</keyword> Limited, located at Vapi and Masat in Gujarat, producing range of its healthcare portfolio products under the brand name of <keyword id="195963" type="COMPANY" weightage="20" keywordseo="Zandu">Zandu</keyword>, have been accredited with <keyword id="3004043" type="PERSON" weightage="20" keywordseo="WHO-GMP">WHO-GMP</keyword> and Certificate of Pharmaceutical Products (CoPP) for more than 40 Ayurvedic products with a validity for 3 years. India has almost 9,000 manufacturing units of Ayurvedic products out of which only a handful of companies have achieved this quality benchmarking of WHO-GMP. After receiving WHO-GMP with CoPP in 2017 for 11 products under the Zandu brand, Emami has received the same for its two manufacturing units and more than 40 products under the Zandu umbrella in 2020. As per World Health Organization (WHO), about 80% of the global population prefers to use traditional medicine for their health. Considering a wide variation in knowledge level and quality consciousness in this regard across nations, WHO, after due cross-country deliberations, has identified three attributes of quality, safety and efficacy and issued a detailed guideline of Good Manufacturing Practices (GMP) to ensure an uniform quality benchmark for these traditional medicines. Accreditation of the manufacturing facility and Certificate of Pharmaceutical Products (CoPP) are the two steps in the WHO-GMP guideline after stringent inspection and review of Processes, SOPs, Quality Management Systems and other important documents. Harsha V. Agarwal, Director, Emami Limited said, "Many countries have provided official recognition to AYUSH but WHO-GMP and CoPP are mandatory for registration. It is due to this reason that many Indian companies despite having good number of products are not able to export ayurvedic <keyword id="185841" type="ORGANIZATION" weightage="20" keywordseo="healthcare-products">healthcare products</keyword> outside India. Issuance of WHO GMP to the Emami units and CoPP for more than 40 such products under our Zandu brand umbrella, is a recognition and global testimony of the superior quality, safety and efficacy of our 100 plus year old brand. Besides authenticating the quality of our Zandu brand of Ayurvedic products, this certification also provides Emami a unique competitive edge for exporting them and realizing the potential of the global awareness of AYUSH to take its traditional natural goodness to a wider world-wide consumer base. In the wake of COVID pandemic, the world has noticed the benefits of Indian Ayurvedic medicines in enhancing immunity and lowering mortality in India compared to other nations afflicted with this virus. Boosted by the patronage of the Government of India, the efficacy of AYUSH products have received the world's attention triggering a higher global demand and opening a wider export opportunity. In this context, WHO-GMP and CoPP are extremely important global quality benchmarking and facilitators in realizing the export potential of AYUSH products. In India, WHO-GMP and CoPP for individual products is granted by Drugs Controller General of India after joint inspection of the unit, evaluation of manufacturing facility and quality of raw material and product by representatives from CDSCO (Central Drug Standards Control Organization), Ministry of Health &amp; Family Welfare as well as Ministry of AYUSH. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-infosys-wipro-jubilant-foodworks-bajaj-auto-majesco-and-others/articleshow/79909712.cms">Top stocks to watch – Infosys, Wipro, Jubilant FoodWorks, Bajaj Auto, Majesco, and others</a> <a href="https://www.businessinsider.in/stock-market/news/there-are-one-of-only-17-indian-companies-out-of-500-that-aced-the-du-pont-test/articleshow/79911627.cms">There are one of only 17 Indian companies out of 500 that aced the Du Pont test</a> <a href="https://www.businessinsider.in/business/corporates/news/wipro-buyback-offer-details-and-700-million-metro-ag-deal-drives-share-price/articleshow/79911875.cms">Wipro offers 10% more to buy back shares and signs a $700 million deal with Metro AG – everything that’s driving the IT services stock higher today</a>

Emami manufacturing units for Zandu brands get WHO-GMP quality certification

New Delhi, Feb 7 () Homegrown FMCG major Emami Ltd on Friday reported a 5 per cent increase in its consolidated net profit at Rs 144.44 crore for the third quarter ended December 31, 2019 helped by rise in gross margins and cost control measures. It had reported a net profit of Rs 137.54 crore in October-December quarter a year ago, Emami said in a BSE filing. Its total income was at Rs 828.22 crore, up 1.02 per cent, during the quarter under review, as against Rs 819.83 crore in the corresponding period of the previous fiscal. The company posted resilient growth during the quarter despite ongoing challenges such as overall weak consumption environment in the domestic business, weak rural demand, liquidity concerns and hike in food inflation, Emami said in a post earning statement. "However, delayed onset of winters impacted the sales of winter portfolio leading to an overall flat revenue growth in Q3FY20 with consolidated revenues at Rs 813 crore," it added. Nearly 65 per cent of the portfolio (excluding winter products) grew by 8 per cent, Emami said. "While lower raw material costs helped the company to increase its gross margins, ongoing cost control measures are expected to aide profitability in the coming quarters," Emami Director Harsha V Agarwal said. Emami's total expenes was marginally up at Rs 548.62 in Q3/FY 2019-20 as against Rs 547.67 crore. "Our international business and modern trade channel continues to perform well and we are hopeful that in the next 2-3 quarters, the overall consumption environment will improve to drive offtake," said Emami Director Mohan Goenka. Shares of Emami Ltd on Friday were trading at Rs 301 on BSE in afternoon trade, down 0.64 per cent from the previous close. KRH DRR

Emami Q3 net up 5 pc at Rs 144 cr

In what could be referred to as one of the biggest deal of the season, Emami has raised Rs 950 crore debt to partially fund the acquisition of Kesh King brand of hair products. 
 
The Kolkata-based healthcare products firm known for Fair and Handsome and Zandu Balm will fund Kesh King deal from internal accruals. The balance amount of Emami in the first quarter stands at Rs 1684 crore. 
 
"The Kesh King business is being integrated with Emami's existing business and it has already started contributing to the growth. We plan to make Kesh King a panIndia brand soon," Emami Ltd director Harsha V Agarwal told the financial daily. 
 
Kesh King's market presence was limited to seven states only and Emami plans to export the product in markets where there is sizeable Indian diaspora. 
 
The acquisition enabled <a href="http://www.businessinsider.in/Emami-is-showing-the-way-forward-for-all-family-run-businesses-Even-the-Ambanis-can-learn-from-it/articleshow/47812411.cms">Emami</a> to enter the ayurvedic hair and scalp care segment. The company on Wednesday announced 23.9% jump in net Rs 87.75 crore during the profit at first quarter ending June 30 on back of 22.4% jump in sales at Rs 589.87 crore as compared to the same period last fiscal. 
 
<a href="http://www.businessinsider.in/Emami-Ltd-is-happy-high-over-higher-sales-in-Q1/articleshow/48357849.cms">Emami said its domestic business during the quarter grew by 23.4%</a> despite prevailing macro-economic challenges and not very favourable weather. The Emami scrip was down by 0.35% to close at Rs 1322.9 at the Bombay Stock Exchange on Wednesday, confirmed the ET news report. 
 
Plans are in place to expand the Zandu brand into newer healthcare categories and will soon start test-marketing some products in Andhra Pradesh, across both over-the-counter and through doctors. Emami has also decided to consolidate its international business on selected geographies such as the Saarc, Middle-East and CIS nations with a plan to grow contribution from 14% of sales to 25-30% in five years.

You Searched For "harsha v agarwal" and got 6 results

Emami founders step down from executive positions

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Emami Forays Into Male Deodorant Segment With Hrithik Roshan, Eyes Rs 130 Crore

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Union Budget 2022-2023: Here’s how FMCG brands reacted to the budget

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Emami manufacturing units for Zandu brands get WHO-GMP quality certification

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Emami Q3 net up 5 pc at Rs 144 cr

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Emami is taking over Kesh King in the biggest FMCG deal of this season

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