Dear Shareholders,
The global and Indian textile industries stand at a defining juncture
where sustainability, innovation, and responsible growth converge.
As I reflect on FY25, I see Pioneer Embroideries Limited not just as a
Company adapting to change, but as a force shaping the future of
textiles. The global textile and apparel industry is witnessing steady growth, driven by
rising population, urbanization, and evolving consumer preferences. With advancements in
e-commerce, sustainability, and smart fabric technologies, the sector is projected to
maintain a healthy expansion trajectory in the coming years. In parallel, India continues
to strengthen its position as a key player in the global textile landscape, supported by
robust domestic demand, increasing exports, and proactive government initiatives.
Strategic investments in technology, sustainability, and skill development are further
enhancing India's competitiveness, making it an attractive hub for innovation and
growth in textiles.
Within this dynamic landscape,
Pioneer has embraced the moment. We continue to expand our SPFY
offerings, which contribute over
80% of our revenues. Our SPFY products are aligned with evolving global
demand—featuring high-value innovations like biodegradable yarns, camouflage yarns,
and thermal yarns, each catering to niche, future-forward applications across military,
athleisure, and technical textiles.
Our brand SILKOLITE now includes yarns made from recycled PET bottles,
already forming ~20% of SPFY
volumes. With rising global traction for certified sustainable inputs,
this portfolio will only grow, strengthening both our product mix and margins.
We also made significant investments in improving our environmental
footprint. Our SPFY unit at Kala Amb operates with zero water discharge, saving over 2.8
million liters of water daily. We're now investing in a 2.2
MW rooftop solar project expected to generate 27 lakh units annually,
offsetting power cost pressures. While global headwinds, especially inflationary trends
and tariff uncertainties in the US and Europe, have impacted exports temporarily, we
remain confident in medium-term revival. Our product and geographic diversification,
position us well to capture renewed global demand. We believe long-term trust is built
through transparency, values, and people. To this end, we remain grateful to our over
1,000 team members who have navigated challenges with commitment and creativity. Our
"One
Pioneer" culture, backed by decades of industry expertise, will be
key to our future.
In closing, I reaffirm our commitment to build a sustainable,
profitable, and globally respected enterprise. With the continued support of our
stakeholders, we look forward to unlocking the next phase of Pioneer's
journey—anchored in responsibility, driven by innovation.
| Warm regards, |
Raj Kumar Sekhani |
| Chairman |
| Pioneer Embroideries Limited |