Dear Shareholders,
Welcome to the FY 2025 Annual Report of Page Industries Limited.
It is my privilege to address you at the close of a year that has been
both challenging and rewarding for Page Industries Limited. Despite a tough macroeconomic
environment and headwinds faced by the industry, we delivered a strong performance - a
testament to our resilience, agility, and enduring values. The theme of this year's Annual
Report, "Timeless Values and Transformative Vision," captures the essence of our
journey - staying anchored to our core principles while continuously adapting to a
fast-changing world.
The long-term fundamentals of the Indian economy remain strong, buoyed
by a growing middle class, consumers becoming more discerning, rapid digital adoption, and
a youthful demographic. In such a context, resilience, adaptability, and long-term
thinking have become more vital than ever.
Our approach in this environment has been measured and forward-looking.
We remain focussed on enhancing long term prospects of the business - staying faithful to
our core values of integrity, quality, and customer focus, while embracing transformation
in all aspects of the business. Our performance this year has been encouraging, reflecting
not just financial strength - detailed elsewhere in this report - but, more importantly,
the consistency of our execution and the clarity of our strategic direction. A major
milestone during the year was the expansion of our manufacturing footprint with the
commissioning of a new production facility in Odisha, the first outside the state of
Karnataka.
Looking ahead, we remain confident in the strength of our business
model, the passion of our people, and the trust we have earned from millions of consumers.
As we continue to align ourselves with changing market dynamics and evolving consumer
expectations, our purpose remains unchanged: to deliver enduring value, while
demonstrating responsibly and sustainably.
I would like to thank our shareholders, board members, employees,
partners, and customers for their continued support and belief in Page Industries Limited.
SUNDER GENOMAL, CHAIRMAN