DEAR ESTEEMED STAKEHOLDERS,
It is with great privilege and pride that I address you today as we convene for our
20th Annual General Meeting of JHS Svendgaard Laboratories Limited. This gathering marks a
significant milestone in our journey together.
I extend my heartfelt gratitude to each and every one of you, our dedicated employees,
supportive shareholders, and valued stakeholders. Your unwavering commitment and hard work
have been instrumental in our continued success.
In the fiscal year 2023-24, despite challenging market conditions, we have strengthened
our position as a leading manufacturer of oral care products. We are delighted to report
substantial growth in both revenue and market share. Notably, we expanded our private
label business, welcoming new clients like Mascot International Pvt. Ltd (Disney) while
nurturing existing relationships.
I am thrilled to announce that our fourth-quarter sales for FY 23-24 have reached a
milestone of Rs. 21.6 crores. This achievement underscores our dedication to sustainable
growth and profitability, ensuring mutual benefits for all stakeholders.
Furthermore, the registration of our products in the CSD army canteen has significantly
enhanced our business portfolio. Our strategic focus on institutional sales, coupled with
prudent brand management, continues to yield positive results.
Our commitment to innovation remains steadfast, with the introduction of 8 new products
in the CPC category to meet evolving consumer needs. Despite the challenges, we have
achieved a commendable revenue of Rs. 70.79 crores for FY 2023-2024.
In the competitive oral care industry, we prioritize innovation, quality, and customer
satisfaction. Our goal is not just to maintain leadership but to redefine industry
standards and exceed consumer expectations.
Internationally, our efforts to expand exports to key markets such as the Italy, Nepal,
Russia, USA and UAE are progressing positively. We have secured a significant opportunity
with a leading US-based company, marking a pivotal step towards enhancing our global
footprint.
Looking ahead, we are committed to sustaining momentum through investments in research
and development, product innovation, and market diversification. By strengthening
relationships and broadening our client base, we aim to offer unparalleled value and
service.
In closing, I extend profound gratitude to our shareholders, customers, partners, and
stakeholders for your steadfast support. Together, we have built a legacy of excellence,
and together, we will continue to script our success story.
Warm regards,
Nikhil Nanda.
Chairman.