In its standalone monetary statements for the 2019-20 monetary 12 months, J&J, which makes a variety of child care and female hygiene merchandise, mentioned that firstly of nationwide lockdown, its vegetation, places of work and provide chain actions have been shut down. “This had an impact on the business operations of the company. In line with various directives of the Government allowing certain essential and other activities to resume, the company’s plants, external and contract manufacturing locations, distribution network and other operations were commenced in a phased manner,” the corporate, which additionally makes medical units and pharmaceutical merchandise, mentioned.
It mentioned it was working in an atmosphere fraught with exterior disruption, and that it will proceed to watch for materials modifications, if any, because the scenario evolves.
Over the previous one quarter, nonetheless, with the economic system opening up and declining circumstances of Covid-19, momentum throughout companies has picked up, with macro indicators signalling improved progress throughout consumer-facing sectors.