As the business landscape evolves, influenced by shifting consumer
preferences and dynamic industry trends, Chatha Foods Limited remains acutely attuned to
these changes. We adeptly leverage these transformations to our advantage, viewing
challenges as opportunities to drive innovation and stimulate growth.
Since our inception in 1998, our unwavering commitment to continuous
improvement and adaptability has positioned us at the forefront of this ever-evolving
marketplace. Our core mission revolves around producing premium-quality processed meat,
utilizing cutting-edge technology, and maintaining an unyielding dedication to excellence.
This steadfast commitment has solidified our standing as India's premier manufacturer of
frozen, ready-to-eat poultry and meat products.
In response to emerging market trends and aligned with our strategic
vision, we strategically expanded our product portfolio. In 2021, we introduced
plant-based mock meats, and by mid- 2022, we launched a range of vegetarian products. This
expansion underscores our resolve to remain relevant and agile while upholding our
rigorous quality standards.
Our ability to anticipate market changes and respond with agility and
foresight is exemplified through these strategic initiatives. Looking ahead, we remain
resolute in our mission: to deliver exceptional products through advanced technology and
unwavering quality control. Our focus on innovation and excellence will continue to propel
our growth and success in the years to come.
During the fiscal year 2023-2024, we conveyed our appreciation to
current shareholders by issuing bonus Equity Shares at a ratio of one new Equity Share for
every three fully paid existing Equity Shares. This gesture reflects our commitment to
acknowledging and valuing the trust placed in our company.
Furthermore, our recent achievement—raising funds through an
Initial Public Offering (IPO) to establish a state-of-the-art plant dedicated to
Vegetarian Frozen Ready-to-Eat (RTE) and Ready-to-Cook (RTC) products—stands as a
testament to the unwavering support and trust from our esteemed investors, loyal
customers, and dedicated team members.
As we reflect on the fiscal year, I am delighted to share some
remarkable accomplishments:
• Revenue Surge: Over the past 4 years (from 2021 to 2024), Our
revenue has surged with an impressive CAGR of more than 22 %, a testament to our robust
performance and strategic execution and incredible trust by our customers. We expect to
keep it maintained as we have onboarded few new QSR which have exponential growth
potential.
• EBITDA Growth: Our EBITDA (Earnings Before Interest, Taxes,
Depreciation, and Amortization) has leaped from 6.1% to an impressive 9.1%, demonstrating
our financial strength.
• Profit After Tax (PAT): Our PAT has climbed from 2.1% to a
robust 4.6%, underscoring our effective business strategies.
These results are a direct outcome of our team's dedication and
the steadfast support from our valued shareholders, partners, and customers.
As we navigate our path ahead, our constant focus remains on upholding
excellence and reaching new milestones. We sincerely appreciate your ongoing partnership,
unwavering confidence in our vision, and steadfast commitment to quality.
Thank you for being an integral part of our journey.'
Warm regards,
Paramjit Singh Chatha
Chairman