Its not just Hindustan Unilever Ltd, the country’s largest FMCG company, for which weather is the “single biggest business risk” today. From carmaker Hyundai to skincare company Emami and PepsiCo bottling firm Varun Beverages, unseasonal showers in summers, irregular weather patterns, and diverse rainfall patters – or climate change, in general – have started impacting the bottom line of India Inc.
“We can’t control the weather, otherwise there’s no reason why we should not grow. If you just control the rain Gods, we will take care of the rest,” said Ravi Jaipuria, Chairperson, Varun Beverages, while responding to an investor’s question on whether the company will register growth in the second half similar to what it did in the first.
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