Dear Shareholders, Customers, and Employees,
I am delighted to present to you the Annual Report of Sandu Pharmaceuticals limited for
the fiscal year [2024]. This report encapsulates the significant achievements, milestones
and the overall progress we have made over the past year. It also provides a comprehensive
outlook on our strategic direction and the future we envision.
Reflecting on Our Journey:
The year 2023-24 has been one of unprecedented challenges and remarkable resilience.
Following the world pandemic that had pushed us to the limit, we saw the public making a
diligent effort to improve their general well-being and health. .Our Company's core values
are health and happiness, and Ayurveda has gained popularity as a reliable and mainstream
wellness option.Thanks to our unwavering commitment to upholding the fundamental
principles of Ayurveda while staying on course to satisfy consumer demands, we have
emerged stronger and more determined than before.
Financial Highlights:
I am proud to report that despite the challenging economic landscape, we have achieved
a commendable financial performance. Our revenue grew by [2.96%], reaching a total of
[revenue amount], while our net profit decreased by [3.90%]. This growth is a testament to
the robustness of our business model, the strength of our brand, and the loyalty of our
customers. We have maintained a strong financial position and are able to fund in
important areas like infrastructure, community activities, and research and development
despite the challenges of inflation with our captive resources. We continue to be a debt
free Company, distribute dividends optimally, whileretaining surpluses for research and
development and infrastructure investments in the future.
Innovative Product Development:
Innovation remains the cornerstone of our success. Our dedicated research and
development team has worked tirelessly to blend traditional Ayurvedic wisdom with modern
scientific research, resulting in products that are both effective and safe. The positive
reception of these new offerings has been immensely gratifying and encourages us to
continue on this path of innovation.
Commitment to Sustainability:
Our commitment to sustainability is deeply embedded in our corporate ethos. We have
made significant strides in reducing our environmental footprint through eco-friendly
packaging solutions, sustainable sourcing practices, and energy-efficient operations. Our
efforts have not only benefited the environment but have also resonated with our customers
who value sustainability. Additionally, our social responsibility initiatives have
continued to support health and education in the communities we serve, reinforcing our
commitment to holistic well-being.
Looking Ahead:
We have faith in our ability to achieve steady growth and in our strategic orientation
as we move to the future. Our key priorities for the coming year include:
1. Market Expansion: We aim to broaden our market presence both domestically and
internationally. By leveraging digital platforms and forging strategic partnerships, we
will make Ayurveda accessible to a wider audience.
2. Research and Innovation: We will continue to invest in research and development to
enhance our product portfolio. Our focus will be on creating innovative, high-quality
Ayurvedic solutions that meet the evolving needs of our customers.
3. Customer Focus: Our customers are at the heart of everything we do. We will enhance
our customer experience by improving service delivery, expanding distribution channels,
and actively engaging with our customers to better understand their needs.
4. Sustainable Practices: Our dedication to sustainability will remain a key priority.
We will further our efforts to minimize environmental impact, support organic and
sustainable farming, and contribute to the well-being of our communities.
Conclusion:
In conclusion, I would like to extend my heartfelt gratitude to our shareholders for
their unwavering support and trust. I also wish to thank our customers for their loyalty
and belief in our products. To our employees, your dedication and hard work are the
driving forces behind our success. Together, we have achieved remarkable milestones, and I
am confident that we will continue to thrive and make a positive impact on the world.
Thank you for your continued support, and let us look forward to another year of
growth, innovation, and success.
Warm regards,
Sd/-
CA Shri Balram Viswanathan
DIN:10245195
Chairman
Sandu Pharmaceuticals Limited