HUL’s Sudhir Sitapati appointed MD & CEO of Godrej Consumer Products

Sitapati is presently the co-chair of the CII Nationwide Committee of Meals Processing and is a previous co-chair of the FMCG Committee.

Godrej Consumer Products (GCPL) stated on Tuesday that Sudhir Sitapati will be part of the corporate as managing director and chief govt officer efficient October 18. Nisaba Godrej, presently the chairperson and managing director, will proceed to function govt chairperson.

Sitapati involves GCPL after a tenure of twenty-two years at Hindustan Unilever (HUL), the place he led groups throughout classes and capabilities in India, Europe, South East Asia and Africa.

He was appointed to the HUL administration committee as an govt director in 2016, making him one among its youngest-ever members. Underneath his management, HUL constructed up its meals and refreshments enterprise as one of many largest in India. This included the $5 billion merger and integration of GlaxoSmithKline Consumer Healthcare with HUL, the biggest deal of its form within the FMCG sector in India.

Sitapati is presently the co-chair of the CII Nationwide Committee of Meals Processing and is a previous co-chair of the FMCG Committee. He has an MBA from the Indian Institute of Administration, Ahmedabad, and a BSc in Maths with Economics Honours from St Xavier’s Faculty, Mumbai.

Nisaba Godrej stated, “I’m delighted to be welcoming Sudhir to Godrej. His important expertise and keenness for constructing sustainable and worthwhile manufacturers and companies aligns very strongly with our function at GCPL. Sudhir’s values-based management type additionally makes him an amazing match with the Godrej tradition. I stay up for his partnership in unlocking the wonderful potential of our firm and main its subsequent part of progress.”

Sitapati stated, “I’m very impressed by the legacy of the Godrej Group, and GCPL’s function of bringing the goodness of well being and wonder to customers throughout rising markets. I’m enthusiastic about working carefully with the proficient GCPL workforce to construct on the unbelievable work they’re doing and create sustainable, long-term worth for our firm.”

Web revenue up 59%

GCPL, on Tuesday reported a 59% year-on-year (y-o-y) rise in internet revenue at Rs 366 crore for the quarter ended March 31, 2021, however remained beneath Bloomberg consensus estimates. The income in the course of the quarter elevated 27% y-o-y to Rs 2,730 crore. The India enterprise noticed internet revenue progress of 13% y-o-y with out exceptions and one-off to Rs 251 crore. India gross sales elevated 35% y-o-y to Rs 1,466 crore, whereas the Ebitda (earnings earlier than curiosity, tax, depreciation and amortisation) elevated 10% y-o-y to Rs 331 crore. By way of the classes, the corporate witnessed continued sturdy progress momentum within the family pesticides and hygiene classes. Hygiene grew by 38%, family pesticides 28%, and worth for cash merchandise grew 27%.