Dear Shareholders,
It gives me great pleasure to present our performance and outlook for
the year gone by.
The past year has been marked by challenges and opportunities for the
cement industry. Despite headwinds in the form of inflationary pressures, volatile input
costs and global uncertainties,
Sagar Cements has demonstrated resilience and adaptability. Our focus
on operational excellence, strategic expansion and sustainable growth has enabled us to
strengthen our position across key markets.
The long term fundamentals of the Indiar economy, particularly the
government's continued emphasis on infrastructure development and housing, bode well for
the cement sector.
With our strengthened capacities, diversified geographic footprint and
a sharper focus on sustainable practices, Sagar Cements is well positioned to capitalise
on these opportunities while strengthening its foundation and ensuring responsible growth.
Poised for responsible value creation
During the year, we consolidated our production capacities and deepened
our presence in high-growth regions.
Our commitment to cost optimisation, technological upgradation and
customer- centricity continues to drive efficiencies across our operations. Strategic
efforts to lower logistics costs, increase usage of green energy, and enhance supply chain
management has consistently improved our operational performance.
Our financial performance, while impacted by broader macroeconomic
factors, remains robust. We are confident that the groundwork laid during this period -
from capacity additions to supply chain enhancements - will enable us to leverage the
upcoming growth cycles more effectively.
Prioritising sustainability
We remain deeply committed to environmental stewardship, undertaking
multiple initiatives to reduce our carbon footprint, optimise water usage and promote
green energy solutions. The use of electric vehicles and targeted efforts to minimise
power consumption at our plants have supported our ESG vision.
To foster sustainable operations, we are also adopting cutting-edge
technology across our operations. It has facilitated innovation and resulted in the
development of superior quality products for an evolving market.
Committed to value creation
As we move forward, we remain committed to our vision of being one of
India's most responsible cement companies. Anchoring our growth in the values of integrity
and accountability, we continue to lead the way with our innovative spirit and our pursuit
of excellence.
I would like to express my heartfelt gratitude to all our stakeholders,
including shareholders, customers, employees, partners and the community, for their trust
and faith in our abilities. Your confidence inspires us to aim higher and work harder to
create long term, sustainable value.
| Best regards, |
| K. V. Vishnu Raju |
| Chairman |