Dear Shareholders,
As we conclude another year at Dai-ichi Karkaria Limited, I am pleased
to share some key highlights and insights on our progress and performance for Financial
Year 2023-24.
Despite the challenging economic landscape, particularly in the
chemical industry, we have managed to report a small profit in the past Financial Year
2023-24. Our revenue for the year has remained steady, reflecting resilience in our core
industry segments despite fluctuations in demand due to global market conditions. Prudent
cost management measures have enabled us to sustain our bottom line.
Our commitment to operational excellence continues to drive
efficiencies across our value chain. We have made significant strides in optimizing
production processes, resulting in the reduction of the cost of our products and
eventually increased profit margins. These process improvements have also helped to
significantly debottleneck capacity constraints that we faced at our Ethoxylation unit.
There has been an overall decrease in our overheads due to these efficiencies.
At Dai-ichi, Innovation remains at the core of our strategy. Our
dedicated R&D initiatives have yielded promising results, with multiple new products
developed in the year across our various industry segments. We remain focused on
harnessing cutting-edge technology to further expand our new product portfolio and address
the evolving needs of our customers.
We recognize the importance of sustainability and environmental
stewardship. We have intensified our efforts to minimize our carbon footprint, optimize
resource utilization, and promote eco-friendly practices across our operations. This year,
through the implementation of sustainable practices, we have achieved a reduction in our
ratios for power, fuel, steam, and effluent generation. In addition, our R&D has been
focused on creating chemicals that not only meet stringent regulatory standards but also
support our customers in their sustainability goals.
Looking ahead, we remain cautiously optimistic about the future despite
prevailing uncertainties. With a robust portfolio of high-quality products, a strong
balance sheet, and a talented team, we are well-positioned to navigate challenges and
capitalize on emerging opportunities. Our strategic focus on innovation, operational
excellence, and sustainability will continue to deliver value to our shareholders over the
long term. As we embark on the next phase of our journey, I am confident that together, we
will overcome challenges, seize opportunities, and achieve new milestones of success.
Thank you for your continued trust and partnership. Regards,
| Ms. Meher Vakil |
| Managing Director |