Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Slower recovery in consumer sentiment
• Weak Global Markets
• Pressure On Disposable Income
• Lower GDP Growth Since 2011-12
• Proliferation Of Regional Brands & Their Trade Practices
• Possible Down Trading Warranting Low Price Point Products
• Entry Of MNC’S/Branded Domestic National Players In Appliances Segment
• Channel Churn & Channel Management

Mitigation Strategies

• Drive consumer interest by well differentiated offerings
• Leverage Brand strength to enter select categories transcending Kitchen Domain
• Target domestic growth rate in excess of GDP growth rate
• Not to indulge in unnatural pricing
• Create a pull by making consumer see value for money
• Pass on increase in in-put costs without much lag
• Use savings in costs for improving brand salience and also to shore up free cash
• Continue to Innovate – Launch in excess 100 new SKUs in FY 20
• Increase geographical penetration in under-penetrated markets in non-south and select non-urban markets
• Multiple Brand Strategy to be relevant to all consumer segments
• Inorganic opportunities ( acquisition) that can add to long-term stake-holder value
• Leverage on-line for new customer reach
• Maximise the potential of Prestige Xclusive network
• Use the advantage of scale for competitive input cost management
• Higher labour productivity across manufacturing locations to drive cost-advantage.
• Right sizing already implemented in Old factories.
• Improve internal efficiencies especially in logistics and warehouse management
• Leverage scale of economies to improve margins
• Return on Operating Capital (net of treasury deployment)slated to improve

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: India’s first ISO 9001: 2000 certified Kitchenware company, India’s only PED:CE certified company

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• 2018-19 Superbrand Award
• 2018-2019 Marketing Excellence Award
• Brand of the Year Award
• Brand Excellence Award in Home and Kitchen Appliances
• Award for Marketing Communication (Business to Consumer)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Continuous design improvements, investments in manufacturing processes, solar power and green environment in manufacturing locations are directed to reduce the consumption of basic metals like aluminium, steel etc besides utilities like water, power, and fuel.
• Reduction of approximately 8% was achieved in input material consumption of our Plant at Roorkee, Uttarakhand.

Social Achievements

• ‘Great Place to Work’ by Great Place to Work® Institute, India
• Various improvement initiatives have been put forth towards improving capacities & capability of our vendors viz. ISO certification / 5S activities/ EHS compliance/ Product & Process Capability Assessment for enhancing Productivity which have been jointly performed along with our vendors (across various supplier clusters) by our SCM/Quality/PPC team at vendor’s end to improve their reliability of delivery & quality of supplies thereby enhancing supplier performance.

Governance Achievements

• The Company has complied with all the mandatory requirement of Corporate Governance Report.

Climate Goals & Targets

Environmental Challenges

• The economy that was severely impacted during most part of the first quarter due to second wave of Covid-19 pandemic, showed recovery from second quarter of the year. Again, it showed some strains from end December 2021 due to outbreak of omicron which was compounded by geo-political conflict since end February 2022.
• There was also pressure on consumer spending due to inflation as well as alternate avenues for spending like travel & tourism, fashion etc.
• Unprecedented rise in commodity prices is also a major threat as it may not be possible for your Company to pass on the cost increases to consumers in full.

Mitigation Strategies

• Your Company by a judicial mix of products, channel presence and market penetration achieved a growth of 24.5% registering an all-time high top-line of ` 2532 crores.
• Your Company remained focussed on digitalization of sales process and innovative marketing strategies which helped it to maintain robust sales during the year.
• Your Company was able to maintain a healthy margin through improved efficiencies in operations and appropriate price increases without impacting customer sentiments and market share.
• Your Company pursues a dynamic cost management process to ensure healthy margins at EBITDA levels as demonstrated in the last couple of years.

Supply Chain Management

Responsible Procurement

• sustainable procurement policy

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Svachh Pressure Cookers
• Svachh Glass Top Gas Stove ranges
• Cuprus Range of Cookwares

Awards & Recognition

• Great Place to Work
• Top 30 Companies with Great Managers
• CIO100: Special Award on Game Changers
• Technology Leader’s Award 2021
• Trendsetter CIO Award 2022
• Superbrand 2021
• Disruption Award for Svachh Pressure Cookers
• Franchisor of the Year 2021– Home Product Category
• Market Leadership Award 2021 for Excellence & Leadership in Marketing & Branding
• CEO of the Year 2021

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Implemented various projects to address global environmental issues such as climate change, global warming, etc.
• Products designed to save energy and protect the environment.
• Continuous design improvements, investments in efficient manufacturing processes, solar power and green environment in manufacturing locations are directed to reduce the consumption of basic metals like aluminium, steel etc besides utilities like water, power, and fuel.

Social Achievements

• Focus on implementing strategic HR initiatives in the areas of learning and development, talent management, succession planning etc.
• Re-certified as a Great Place to Work for the 2nd year in a row.
• Organised several emotional wellness camps/webinars across locations with the help of expert counsellors to support employees on emotional wellness issues/concerns.
• Long term wage settlement has been signed with the workmen in Roorkee Factory with improved productivity norms.

Governance Achievements

• Complied with all the mandatory requirements of Corporate Governance norms as enumerated under Schedule II to the Listing Regulations.
• Established a vigil mechanism termed as Whistle Blower Policy.

Climate Goals & Targets

Environmental Challenges

• Exports were impacted due to headwinds caused by the geo-political situation, tightening global financial conditions, and slowing global economy.
• Commodity price increase, inflationary trends and adverse exchange resulted in an increase in key raw & packing material costs and in manufacturing costs.
• Global economic recessionary conditions acted as an impediment to register significant growth during the year in both domestic and export market.
• Fluctuation in the commodity prices.

Mitigation Strategies

• Improved efficiencies in operations to maintain healthy margins.
• Focus on digitizing its sales process and innovative marketing strategies.
• Enlarging its customer base in rural, large-format and online channels.
• Investing in innovative products, strengthening manufacturing capability and sourcing capacities through automation and creating additional facilities.
• Dynamic cost management process to ensure healthy margins at EBITDA levels.

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Sustainable sourcing practice
• Established vendors both within and outside India
• Back up list of vendors

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SEBI (LODR) Regulations 2015

Certifications: ISO 9001:2015, ISO 14001, ISO 45001, CE Marking, BSCI / SEDEX, Forest Stewardship Council Certification, BIS, UL, GSV 2.0

Third-party Assurance: M/s. TUV Rhineland, M/s Intertek, India

Awards & Recognition

• Great Place to Work
• Top 50 Companies with Great Managers
• Top 100 Great Managers
• Leading CIO of the year for Digital Transformation
• CIO100 award
• CSO100 award
• CIO TRENDSETTER TECHNOMEDIA AWARD 2022
• Eminent Jury member for SAP Ace award
• Superbrand 2023
• Best of Bharat Awards 2022
• Most Innovative Product of the Year
• Best Kitchen Appliances Brand 2022
• Outstanding citizen Award
• Best Awareness Creating Campaign for Social Cause
• Zee National Achievers Award
• India’s Retail Champions award 2022
• National Awards for Marketing Excellence and Brand Leadership
• Most Admired e-commerce Company of the Year
• Best Traditional Marketing Campaign Award 2023

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Employee Well-being
• Community Development
• Sustainable Supply Chain Management
• Regulatory Compliance

Environmental Achievements

• Karjan factory certified with GreenCo Silver rating by CII – Sohrabji Godrej Green Business Centre.
• Various energy saving initiatives across plants (solar power, waste recycling, efficient equipment).
• Water conservation programs and rainwater harvesting implemented.

Social Achievements

• Re-certified as a Great Place to Work for the 3rd year in a row.
• Awarded “Top 50 companies with Great Managers”.
• Employee increments and performance-linked variable pay released.
• Emotional wellness camps/webinars organized for employees.

Governance Achievements

• Robust information security posture maintained, with no major security incidents.
• Risk Management Committee in place.
• Periodic independent review and assessment of policies.

Climate Goals & Targets

Environmental Challenges

• Tepid demand and inflationary environment.
• High competition intensity with increased discounting.
• Global slowdown impacting exports.
• Geo-political tensions affecting supply chains and commodity prices.
• Declining exports and sluggish private investment.

Mitigation Strategies

• Improved operational efficiencies to maintain healthy margins.
• New marketing strategies to minimize impact of tough market conditions.
• Launch of innovative and premium products.
• Rationalization of product portfolio for profitability.
• Indigenisation program to reduce dependence on imports.
• Cost optimization and improved operational efficiencies.

Supply Chain Management

Responsible Procurement

• Code of Conduct for VCPs emphasizing business integrity, human rights, and environmental stewardship.
• Sustainable sourcing practice in place (approx. 70% of inputs sourced sustainably).

Climate-Related Risks & Opportunities

Opportunities

• Adopting energy efficient technologies, use of renewable energy, process modifications.

Reporting Standards

Frameworks Used: Ind AS

Certifications: ISO 14001, ISO 9001, GreenCo Silver Rating

Sustainable Products & Innovation

• Tri-Ply Cookware (reduces energy consumption)

Awards & Recognition

• Great Place to Work
• Top 50 Companies with Great Managers
• Best Advance in Mobile Learning in Technology Award
• Influencer of the Year Award
• IP Counsel of the Year 2023
• Superbrand 2023
• Kitchen Retailer of the Year Award 2023
• India’s Most Trusted Pressure Cooker Brand in 2024