Nitta Gelatin India Limited , a leading manufacturer of gelatin and collagen peptide, has announced its financial results for the first quarter, showcasing resilience in its operations despite facing some challenges.

Financial Performance

The company reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of ₹275.00 crore for the first quarter, maintaining the same level as the corresponding period last year. This stability in EBITDA demonstrates Nitta Gelatin's ability to sustain its operational performance in a challenging environment.

However, Nitta Gelatin experienced a slight decline in its EBITDA margin, which decreased to 19.80% compared to 20.94% in the same quarter of the previous year. This margin compression indicates some pressure on the company's profitability, possibly due to factors such as increased input costs or competitive market conditions.

Management Changes

In a separate development, Nitta Gelatin has announced key appointments to strengthen its senior management team:

1. New Chief Financial Officer: Mr. Uppiliyappan C has been appointed as the Chief Financial Officer (CFO)-Designate. With over 18 years of experience in managing core finance functions across global and Indian entities, Mr. Uppiliyappan brings expertise in strategic financial planning, cost optimization, and operational finance.

2. Head of Human Resources: Mr. Vinod S. Menon has been appointed as the Head of Human Resources (HR)-Designate. Mr. Menon has more than 24 years of comprehensive HR experience and is expected to drive business growth through people-centric practices and leadership excellence.

These appointments are likely to bring fresh perspectives and strengthen the company's financial management and human resource strategies.

Annual General Meeting

Nitta Gelatin recently held its 49th Annual General Meeting (AGM) through video conferencing. The meeting, chaired by Mr. A P M Mohammed Hanish IAS, saw the participation of various board members and senior management. Key agenda items included the adoption of financial statements, declaration of dividends, and the re-appointment of directors.

The company's commitment to corporate governance and shareholder engagement was evident in the proceedings of the AGM, which included addressing queries from shareholders and discussing the company's performance and future outlook.

As Nitta Gelatin navigates through the current economic landscape, the steady EBITDA performance and strategic management appointments suggest a focus on maintaining operational efficiency while preparing for future growth opportunities.

Nitta Gelatin India Limited, a prominent player in the gelatin and collagen peptide industry, has announced significant changes to its senior management team, signaling a strategic move to strengthen its leadership structure.

New CFO Appointment

Mr. Uppiliyappan C has been appointed as the Chief Financial Officer (CFO)-Designate, set to take charge from his joining date. With over 18 years of experience in finance functions across global and Indian entities, Mr. Uppiliyappan brings a wealth of expertise to his new role.

A qualified Cost Accountant and Company Secretary, Mr. Uppiliyappan's professional journey includes stints at notable organizations such as TIMAB India, SANY Heavy Industries, and Hyundai Motors. His core competencies encompass:

• Strategic financial planning and analysis
• Cost optimization
• Capex management
• Business partnering
• Operational finance

New HR Head Appointment

Simultaneously, the company has appointed Mr. Vinod S. Menon as the Head of Human Resources (HR)-Designate, also effective from his joining date. Mr. Menon holds a Master's degree in Personnel Management and Industrial Relations and brings over 24 years of comprehensive HR experience to Nitta Gelatin India.

Mr. Menon's expertise includes:

• Talent acquisition and workforce planning
• Industrial relations and trade union negotiations
• Culture building and employee engagement

His professional background includes roles at companies such as Amphenol FCI, ICICI Prudential Life Insurance Kerala, and Vallabhdas Kanji Limited.

Strategic Implications

These appointments, decided at a recent Board Meeting, underscore Nitta Gelatin India's commitment to enhancing its management capabilities. The infusion of experienced professionals in key roles is expected to contribute to the company's strategic growth and operational excellence.

The company's move to strengthen its finance and human resources departments suggests a focus on financial strategy and talent management, which could be crucial for navigating future challenges and opportunities in the competitive gelatin and collagen peptide market.

As Nitta Gelatin India Limited continues to evolve, these leadership additions are likely to play a pivotal role in shaping the company's trajectory and reinforcing its market position.

Note: The exact joining dates for Mr. Uppiliyappan C and Mr. Vinod S. Menon have not been specified in the announcement.