“We have identified brands, especially for e-commerce channels. The launches got delayed because of the second wave, but we will introduce them soon,” Wipro Consumer Care & Lighting chief government Vineet Agrawal mentioned.
He mentioned the corporate has recognized classes inside private care, to start with, to launch in e-commerce channels first.
On acquisitions, Agrawal mentioned the corporate is dedicated to investing in digital, online-only ventures. “This space is getting very attractive. If you can find a company reasonably early, you can get good valuations. We are continuously evaluating opportunities here,” he mentioned.
Agrawal mentioned the corporate is scouting for acquisitions in conventional sectors as properly, however curbs on worldwide journey have delayed offers. “We’ll have to wait for acquisitions to pick up the pace,” he mentioned.
The firm, which makes Santoor cleaning soap and Yardley deos, took up costs of Santoor cleaning soap by about 8% earlier this yr, however the will increase weren’t sufficient to offset inflation of commodities comparable to palm oil. “We have not increased prices in line with commodity inflation. There have been grammage reductions too, in price points like Rs 10, because one can’t really waver from those,” he added. Palm oil is a key ingredient for making soaps.
Agrawal mentioned over 90% of the corporate workforce is vaccinated now, and now it’s facilitating its distributors to get vaccinated.
On the impression of consumption amid the second wave, he mentioned rural India obtained impacted ‘considerably’. “The mindset of consumers was very different in the second wave, both in urban and rural markets. People were conserving cash, which impacted consumption across categories.”