Business Responsibility and Sustainability Reporting for the FY 2024-25
SGMART · price
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SG Mart Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY 2024-25 to BSE, as required under SEBI LODR Regulations. The company operates as a B2B marketplace for building materials with FY24-25 turnover of ₹5,511.59 crore and net worth of ₹1,198.39 crore, with two wholly-owned subsidiaries (SG Marts FZE in Dubai and SG Super 101 Pvt Ltd). About 85% of its suppliers comply with SA8000 and ISO 45001 standards, and 77.5% of sales go through 850+ dealers/distributors. The report highlights zero complaints across all stakeholder groups, zero safety incidents, 100% training coverage on ethics and POSH, and 2.69% of revenue spent on employee well-being. However, employee turnover jumped sharply to 52.81% from 13.82% the previous year, and gender diversity remains very low with only 3% female permanent employees and no women on the Key Management Personnel team.
This is a routine compliance disclosure with no direct impact on stock price, but it signals strong ESG governance practices (zero grievances, zero safety incidents) while flagging a notable jump in employee turnover that investors should watch. The low gender diversity at both workforce and KMP level is a concern for ESG-focused investors.