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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)
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NEW ORLEANS (AP) — A scruffy little fugitive is on the lam again in New Orleans, gaining fame as he outwits a tenacious band of citizens armed with night-vision binoculars, nets and a tranquilizer rifle. Scrim, a 17-pound mutt that's mostly terrier, has become a folk hero, inspiring tattoos, T-shirts and even a ballad as he eludes capture from the posse of volunteers. And like any antihero, Scrim has a backstory: Rescued from semi-feral life at a trailer park and adopted from a shelter, the dog broke loose in April and scurried around the city until he was cornered in October and brought to a new home. Weeks later, he'd had enough. Scrim leaped out of a second-story window, a desperate act recorded in a now-viral video. Since then, despite a stream of daily sightings, he's roamed free. The dog’s fans include Myra and Steve Foster, who wrote “Ode to Scrim” to the tune of Ricky Nelson’s 1961 hit, “I’m a Travelin’ Man.” Leading the recapture effort is Michelle Cheramie, a 55-year-old former information technology professional. She lost everything — home, car, possessions — in Hurricane Katrina in 2005, and in the aftermath, found her calling rescuing pets. “I was like, ‘This is what I should be doing,’” Cheramie said. “I was born to rescue.” She launched Zeus’ Rescues, a nonprofit shelter that now averages 600 cat and dog adoptions a year and offers free pet food to anyone who needs it. She helped Scrim find the home he first escaped from. It was Cheramie's window Scrim leaped from in November. She's resumed her relentless mission since then, posting flyers on telephone poles and logging social media updates on his reported whereabouts. She's invested thousands of dollars on wildlife cameras, thermal sensors and other gear. She took a course offered by the San Diego Zoo on the finer points of tranquilizing animals. And she's developed a network of volunteers — the kind of neighbors who are willing to grid-search a city at 3 a.m. People like writer David W. Brown, who manages a crowd-sourced Google Map of all known Scrim sightings. He says the search has galvanized residents from all walks of life to come together. As they search for Scrim, they hand out supplies to people in need. “Being a member of the community is seeing problems and doing what you can to make life a little better for the people around here and the animals around you,” Brown said. And neighbors like Tammy Murray, who had to close her furniture store and lost her father to Parkinson's disease. This search, she says, got her mojo back. “Literally, for months, I’ve done nothing but hunt this dog,” said Murray, 53. “I feel like Wile E. Coyote on a daily basis with him.” Murray drives the Zeus' Rescues' van towards reported Scrim sightings. She also handles a tactical net launcher, which looks like an oversized flashlight and once misfired, shattering the van's window as Scrim sped away. After realizing Scrim had come to recognize the sound of the van's diesel engine, Murray switched to a Vespa scooter, for stealth. Near-misses have been tantalizing. The search party spotted Scrim napping beneath an elevated house, and wrapped construction netting around the perimeter, but an over-eager volunteer broke ranks and dashed forward, leaving an opening Scrim slipped through. Scrim's repeated escapades have prompted near-daily local media coverage and a devoted online following. Cheramie can relate. “We’re all running from something or to something. He's doing that too,” she said. Cheramie's team dreams of placing the pooch in a safe and loving environment. But a social media chorus growing under the hashtag #FreeScrim has other ideas — they say the runaway should be allowed a life of self-determination. The animal rescue volunteers consider that misguided. “The streets of New Orleans are not the place for a dog to be free,” Cheramie said. “It’s too dangerous.” Scrim was a mess when Cheramie briefly recaptured him in October, with matted fur, missing teeth and a tattered ear. His trembling body was scraped and bruised, and punctured by multiple projectiles. A vet removed one, but decided against operating to take out a possible bullet. The dog initially appeared content indoors, sitting in Cheramie's lap or napping beside her bed. Then while she was out one day, Scrim chewed through a mesh screen, dropped 13 feet to the ground and squeezed through a gap in the fence, trotting away. Murray said Cheramie's four cats probably spooked him. “I wholeheartedly believe the gangster-ass cats were messing with him,” Murray said. Cheramie thinks they may have gotten territorial. Devastated but undeterred, the pair is reassessing where Scrim might fit best — maybe a secure animal sanctuary with big outdoor spaces where other dogs can keep him company. Somewhere, Murray says, “where he can just breathe and be.” Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96
NBA Veteran Forward Nearing Deal With Sacramento Kings: ReportNov 24, 2024; Chicago, Illinois, USA; Chicago Bears running back D'Andre Swift (4) stiff arms Minnesota Vikings linebacker Blake Cashman (51) during the second quarter at Soldier Field. Mandatory Credit: Daniel Bartel-Imagn Images/ File Photo NFL Thanksgiving, Black Friday capsules --Thursday Chicago Bears (4-7) at Detroit Lions (10-1), 12:30 p.m. ET, CBS With a nine-game winning streak and 2-0 record in the division, the Lions are no easy prey for the Bears in the first game of the holiday tripleheader on Thursday. Chicago lost another game in walkoff fashion, 30-27 to the Vikings in overtime, their third such defeat in a five-game losing streak to deflate a feel-good 4-2 start. Signs of growth are evident for Bears rookie No. 1 pick Caleb Williams. Facing Minnesota's notably blitz-happy defense, Williams guided the Bears to 17 points in the fourth quarter to force OT. He had his third 300-yard game of the season and hasn't thrown an interception during the ongoing five-game skid. A lasting pain point since the Bears tasted victory at London in Week 6 is execution on third downs converting 21 of 73 since the bye week. With the short and fruitless drives becoming habitual, Chicago has seen improvement with Thomas Brown calling plays the past two games, although there are signs of a weary defense late in games. No time for a breather at Ford Field. The Lions are all-gas, no-brakes with 10 total touchdowns the past eight quarters. The Bears have 12 touchdowns in their past six games. Old friend David Montgomery faces his former Bears' teammates and is doing his part to put points up for the Lions with 11 rushing TDs in 11 games. Lions WR Amon-Ra St. Brown has more touchdowns (nine) than all Bears wide receivers combined (eight). Chicago's defense picked off Jared Goff five times in two games last season. He has 20 touchdown passes -- one TD catch -- and seven games with multiple TD passes in 2024. In recent games, the Bears' defense is getting scorched. Chicago has surrendered a league-worst 1,977 total yards since Week 8. New York Giants (2-9) at Dallas Cowboys (4-7), 4:30 p.m. ET, FOX Backup Tommy DeVito didn't enjoy much of his first start this season for the Giants behind an offensive line breached by the Buccaneers repeatedly. DeVito, elevated to the starting role upon the demotion and release of Daniel Jones, was sacked four times and hit early and often. But there are a couple of reasons the Giants might stick around in the rematch of their 20-15 loss to Dallas earlier this season. For starters, the Cowboys are 0-5 at home and also pushed their backup into a starting role. Cooper Rush threw two TD passes last week but he wasn't entirely responsible for Dallas putting up 34 points to upset Washington. They also had two implausible fourth-quarter kickoff return TDs and the Commanders suffered self-inflicted wounds, not the least of which was a missed extra point that would have tied the game at 27 with 14 seconds remaining. Given the state of affairs in New York, where rookie WR Malik Nabers defined the team's effort as soft, and the questionable health of DeVito's offensive line, the Cowboys are favored to sweep the two-game series from the Giants for the fourth consecutive season. Rush (knee) started the week hobbled but head coach Mike McCarthy said he was confident the QB would be ready for Thursday. Miami Dolphins (5-6) at Green Bay Packers (8-3), 8:20 p.m. ET, NBC If it's Miami on the road late in the season, we're talking temperature and the Dolphins' miserable record in sub-freezing conditions tells a depressing tale for the fish. Miami is 0-12 in its last 12 games when temps at kickoff are 26 degrees or lower and it could be at or under that number Thursday night. Green Bay's offensive line is setting the tone of late and it is built for plowing the path in front of RB Josh Jacobs, a downhill runner who is breaking tackles and taking names. Jacobs has six rushing touchdowns and three games with 95 rushing yards or more in the past four contests. The Dolphins haven't proven capable of being a run-first outfit with De'Von Achane limited to 32 yards on 10 carries last week. But he flashes big-play potential as a secondary option to QB Tua Tagovailoa. Since returning from IR, Tagovailoa has 1,043 passing yards, 10 TD passes and a completion percentage over 77. The Packers are in the primetime spotlight the next four weeks while attempting to work their way up the playoff pecking order. They've won five of the past six games with the Dolphins. This is the second consecutive game for Packers coach Matt LaFleur opposing a former co-worker in Dolphins coach Mike McDaniel. He beat Kyle Shanahan and the 49ers last week. All three overlapped on staffs with the Houston Texans (2008), Washington Redskins (2011-13) and Atlanta Falcons (2015-16). --Friday Las Vegas Raiders (2-9) at Kansas City Chiefs (10-1), 3 p.m. ET, Amazon Prime Normally cool and collected Chiefs coach Andy Reid nearly witnessed the coronary in Carolina courtesy of Bryce Young and the Panthers, who darted back into the game Sunday from an 11-point fourth-quarter deficit to force a game-ending field goal by Kansas City's fill-in kicker Spencer Shrader. As if there was a reason needed to take the Raiders seriously, Las Vegas beat Patrick Mahomes and Kansas City on Christmas Day last season. Reid is 19-4 against the Raiders with the Chiefs and Mahomes is 11-2 since becoming the starter in 2018. Mahomes will become the Chiefs' all-time leader in TD passes with his next score, breaking an existing tie with Len Dawson (237). Mahomes has an entertaining history with Raiders pass rusher Maxx Crosby, largely out of respectful competition. Crosby's stamina will be tested by the Chiefs' methodical offense. Kansas City is first in the NFL in 10-play drives (32) and third-down percentage (52.7), areas where the Raiders' defense is below-average. Las Vegas is No. 22 in the NFL in third-down defense and allowed 104 total points in the past three games. Raiders QB Aidan O'Connell is preparing to start Friday and make his first appearance since a thumb injury sent him to IR Week 7. O'Connell returns to an offense leaning heavily on rookie TE Brock Bowers to produce. He leads the team with 74 receptions, 744 yards and three TD catches. He had five receptions for 55 yards in the Raiders' 27-20 loss to the Chiefs on Oct. 27. --Field Level Media REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now