Dear Shareholders,
It is my great privilege to present this 15th Integrated Annual Report
of your Company for the financial year 2024-25.
As reflected in financial year 2024- 25, on all parameters, your
company has done extremely well and achieved many new highs and records. Escalating
geo-political tensions, volatile commodity prices, inflationary pressures and high
interest rates marked the operating environment during the year 2024-25.
India is projected to remain the fastest-growing large economy for FY
2025-26 and FY 2026-27, reaffirming its dominance in the global economic landscape. The
country's economy is expected to expand by 6.2 per cent in 2025 and 6.3 per cent in 2026.
We strongly believe that the volume in all product categories will grow in coming years.
Your Company is committed to further strengthening its growth
trajectory and market leadership through several strategic initiatives. Due to prompt
strategic move, your Company has recorded total Standalone Revenue of Rs. 2113 crore from
the operations during the FY. 2024-25 as compared to Rs. 1680 Crore in FY 2023-24 which
shows sharp increase of 26% YoY. The Net Profit stood at Rs. 21.74 Crore for FY 2024-25 as
compared to Rs. 18.90. Crore in FY 2023-24, an increase of 15% YoY.
These results are a testament to our operational strength, agile execution, and relentless
focus on value creation. The Company constantly strives for product innovations to elevate
customer experience and promote customer delight.
During the year our Company's Equity Shares were successfully listed on
the main board of Bombay Stock Exchange Limited (BSE). Now the Equity shares of the
Company are listed on National Stock Exchange of India (NSE) as well as Bombay Stock
Exchange Limited (BSE). Further, to increase the liquidity in Equity Shares of the
Company, the face value of Equity Share of ^ 2/- (Rupees Two only) each was split into 2
Equity Share of face value of ^ 1 (Rupee One only) each.
Your Company has taken a bold and strategic leap by entering the
high-growth Business-to-Consumer (B2C) segment with the launch of our new wellness brand
— Neat Everyday. This move marks a decisive shift in our long-term growth strategy,
aimed at tapping into the rapidly expanding global demand for natural health wellness
& personal care products.
With Neat Everyday, we are bringing to market a dynamic portfolio of
100% vegetarian nutraceutical and personal care products, made from natural ingredients
and grounded in Ayurvedic principles backed by scientific validation. The products are
available in various category such as Cold-Pressed Oils like Castor Oil, Yellow Mustard
Oil, Extra Virgin Coconut Oil, Black Sesame Oil, Pistachio Oil, Almond Oil, Walnut Oil
that cater to both nutritional and personal care uses of consumers. Company has also
introduced Softgel Capsules like Vegan Omega 3 6 9 Capsules, Evening Primrose Oil Soft
Vegan Capsules, Castor Oil Soft Vegan Capsules, Garlic Oil Soft Vegan Capsules &
Immunity Booster Soft Vegan Capsule targeting everyday health and wellness needs.
We are pleased to inform that Company is planning to launch products
like Pushkar Rose Water and Aloe Vera Gel which will further expand our footprint into the
natural skincare and beauty segment.
To rapidly scale, we are adopting an omnichannel strategy —
selling through leading online marketplaces, our own digital platform
www.neateveryday.com, and select offline retail outlets. In addition to this we have
launched our product on various e-commerce websites such as Amazon, Flipkart, Meesho,
JioMart, Blinkit. Simultaneously, we are actively pursuing export opportunities in
high-potential international markets, positioning Neat Everyday as a globally relevant
wellness brand.
We believe this segment will increase our revenue & also unlock
significant value by connecting directly with end consumers. This is just the beginning
with strong brand fundamentals and a clear vision to capture a meaningful share in the
booming global nutraceutical wellness & personal care market."
I am confident that these initiatives will position your Company for
continued success in the coming years. I would like to thank all the team members for
their continuing interest, commitment and support towards the Company. In closing
statement, I express my sincere appreciation to all colleagues, customers, investors,
bankers, business partners & stakeholders. Looking ahead, we remain committed to
sustainable growth, maximising our business potential, and create enduring value for all.
| Thanking You, |
| With Best Regards, |
Vipin Prakash Mangal |
Chairman |