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companylogoSanwaria Consumer Ltd

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BSE Code : 519260 | NSE Symbol : SANWARIA | ISIN : INE890C01046 | Industry : Food - Processing - Indian |


Chairman's Speech

Dear Shareholders,

I write this letter with a sense of pride about how well your Company performed in this year i.e. 2018-19, not just in financial terms, but also in terms what we have accomplished for customers, employees & shareholders across the world. We have successfully completed 28 years of establishment. The fiscal year gone by has been an eventful year. We continued to build trust with customers & communities by being responsible, transparent & our focus on building long term relationship. The year gone by has been both thrilling and significant for the company. Along with growing our sales and net revenue substantially, we also made significant increase in the net worth of the Company. The Company also created wealth for its shareowners and it consistently achieved high margins and reported robust year-on-year growth.

Strengthening Consumer Engagement to Drive Growth:

Customers have always been at the heart of our initiatives. SCL is committed to deliver superior & differentiated products that create value for the Indian consumers. Our deep understanding of consumers, a strong portfolio of brands & products have enabled us to deliver broad based superior performance across all the divisions. We are focused more than ever on strengthening consumer engagement to drive growth. We strive to make our brand relatable & valuable to our consumer's lives. Some of the differentiated products undergo over various tests to conform to the best international standards offering consumers and future generations a safer and better product.

Business Overview

The first step in setting up a business is the most difficult ones. There can be many ideas but converting them to business needs painstaking execution. The first seed of venturing into the Soya based manufacturing business was sown by ex-Chairman of the Company; Late Shri Ram Narayan Agrawal; in the early 90's due to the presence of rich soya belt in Madhya Pradesh and yet not potentially explored sector till then where soya having high nutritional content. It was a move to eradicate the ongoing predicament of malnutrition among the people of central India. The idea was well germinated and through his relentless efforts; he successfully built the business empire in the soya segment which has been steered into the FMCG Sector by the relentless efforts of second and third generation. Today, we are evolving swiftly from being an established branded soya company to an emerging global Food Company, with new strategic advancements and product developments underway.

Setting this long voyage; presently the Solvent Extraction capacity of your Company is 2500 ton per day and rice division with 600 ton per day capacity.

It has been an enriching experience to engage with & witness the evolution of Company as it traversed many a trial & tribulation to emerge as a vibrant & valuable multi business conglomerate.

Financial Overview:

It was a challenging year for the industry with market volatility & economic uncertainty. In this challenging business environment, your Company delivered a strong performance. Our 'Connected 4 Growth' initiatives have made us more agile, customer centric and responsive to the diverse and rapidly evolving marketplace. Our 4G model of growth - consistent, competitive, profitable and responsible, continues to serve us well and 2018-19 was the twenty eight consecutive year of both top line growth and margin improvement.

We hereby share that your Company's Profit after Tax grew remarkably at the growth rate of 80.28% at Rs. 15596.84 Lakhs against Rs. 8,651.61 in the previous year and The total revenue of the SCL increased to Rs. 531779.77 Lakhs from Rs. 506657.78 Lakhs in the previous year, at a growth rate of 4.93 %. Net Worth of the Company increased by 9.59% to Rs. 65115.21 Lakhs as against Rs. 59,413.04 Lakhs in the PY 2017-18. The financial for half year ended 30th September, 2019 were not satisfactory as the Revenue of the Company stood Rs. 223943.03 Lakhs as against Rs. 249092.22 in the previous half year ended 30th September, 2018. Also the networth was Rs. 31942.67 as against Rs. 56938.98 in the previous half year ended 30th September, 2018. Also the Company suffered a loss of Rs. 38472 Lakhs due to below par/low level of activity or business operations due to unforeseen circumstances, one time provision for bad & doubtful debt.

Industry Overview

The FMCG sector continues to be one of the largest sector contributing to the Indian economy. The overall outlook for the FMCG industry continues to remain positive. We are witnessing trends like increased disposal income, increased rural consumption which will fuel the growth of the FMCG sector in the upcoming years. With this changing consumption pattern, we are emerging as a Global Food Company. We are now pursuing strategies that involve greater differentiation and allow us to create sustainable value for all our stakeholders. To capitalize on the growing market opportunities, we embarked on diversifying our business, adding value through synergistic staples and foods business. At the same time, we aim to diversify into value added products to maximize shareholders value.

"We don't grow when things are easy; we grown when we face challenges."

distribution system, with an unrivalled national presence across traditional and modern trade channels, remains a key competitive advantage. We continued to expand our direct coverage and leverage technology and intelligent analytics to significantly enhance our customer service and on- shelf availability. The Company also continued to make significant investments in building capabilities to win in channels of the future and substantial progress is being made particularly in the fast-growing e-commerce channel.

We exercised our resources more productively, including infrastructure, brand, distribution and the people. We have been successful in creating a strong overall talent pipeline to ensure highest commitment of performance. Furthermore we are working on expanding our distribution reach, not only in India, but globally as well.

Our strategic objective is to build a sustainable organization that remains relevant to the agenda of our clients, while generating profitable growth for our investors. In order to do this, we will apply the priorities of renew and new to our own Business and cascade it to everything we do. Supported by strong systems and strategies, we are geared to keep ourselves ahead of the challenges that we continue to face. We are assertive onwards meeting our goals and relentlessly work towards enhancing value for all our stakeholders.

Support System

Our world-class supply chain maintained its relentless focus on driving quality, customer service and cost effectiveness across the value chain. Our sales and

Acknowledgement

On behalf of Board of Directors of Sanwaria Consumer Limited, I would like to express sincere appreciation for the assistance and co-operation received from the financial institutions, banks, Government authorities, customers, vendors, Company's executives, staff and workers, for their continued support in our journey to deliver value to all our stakeholders since past 28 years.

Most importantly, I would like to thank you, our shareholders, for your overwhelming trust, support & confidence in Sanwaria Consumer Limited.

Warm Regards Gulab Chand Agrawal

Chairman

   

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