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Johnson Controls -Hitachi Air Conditioning India Ltd.

BSE: 523398 | NSE: JCHAC |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE782A01015 | SECTOR: Consumer Goods - White Goods

BSE Live

Jul 14, 10:19
2232.85 12.40 (0.56%)
Volume
AVERAGE VOLUME
5-Day
386
10-Day
568
30-Day
1,040
52
  • Prev. Close

    2220.45

  • Open Price

    2241.85

  • Bid Price (Qty.)

    2222.55 (2)

  • Offer Price (Qty.)

    2233.20 (150)

NSE Live

Jul 14, 10:19
2228.45 4.30 (0.19%)
Volume
AVERAGE VOLUME
5-Day
5,770
10-Day
7,533
30-Day
11,236
1,032
  • Prev. Close

    2224.15

  • Open Price

    2245.00

  • Bid Price (Qty.)

    2228.45 (1)

  • Offer Price (Qty.)

    2228.55 (4)

Annual Report

For Year :
2018 2017 2016 2015 2014 2012 2011 2010 2009

Chairman's Speech

I would like to take this opportunity to greet all the shareholders of Hitachi Home & Life Solutions (India) Ltd. {HHLI}. I am fortunate to have an opportunity to serve you as the Chairperson of HHLI since February, 2008.1 am pleased to inform you that HHLI has wiped off accumulated losses and come out with carried forward profit during the financial year 2007-08. HHLI has made an Operating Profit (Profit before Depreciation, Interest and Tax) of Rs. 553.08 Mn. and made a great contribution to the consolidated accounts of Hitachi Group. The year 2007-08 has seen the continuation of the growth of Indian Economy. The economic growth and its sustenance have seen the emergence of new consumerist Indian. The appliance industry has also seen an upward trend. Air conditioning industry experienced the sales growth of 20-25% over previous year. India which has now more than half of the population under 25 years is bound to develop as a potential emerging market for our range of room Air conditioning products. The rampant growth in the industry has enabled the stiff competition amongst the players in Room Air conditioning business. HHLI will remain focused on high quality and will not resorttoany move which will hamper its reputation. The shift in the preference for the Split ACs and growing share of Window ACs in the room Air conditioners implies to a growing need for the finer and technological superior products. HHLI being the pioneer of technological innovations is bound to benefit from this trend. There has been a good response for our imported Refrigerators and Washing Machines in Indian market. We have been able to make inroads in the highly competitive market by right marketing mix. Overthe years HHLI has also been able to develop its B2B business. The share of this format of business is now more than half of the companys turnover. We have been able to make inroads with the products like Split ACs, Takumi range of Ductable Split ACs, Self Contained Packaged Air conditioners, Set Free VRF systems and Chillers. The specialized product Spacemaker is also well accepted by the telecom industry. The product surely will follow the telecom industry growing spree. Our endeavor is to develop products which cater to the customer needs. Our products are in synch with the present customer profile who wants to enjoy the technology ratherthan getting into the frills of operation. We call this need of customers as Uncomplicate Life. To enjoy the technology all you need is a comfort of pressing a Button. The current rise in inflation has affected the raw material prices adversely. The increase in prices of metals has created the pressure on the profitability of the Appliance Industry. HHLI is taking every possible step to mitigate the likely impact. The advent of Major Retailers is also adding to the volumes in the sale. If present expansion of the retail segment continues we are bound to increase our volumes further. At the same time we have to be prepared for any bully buying by these retail biggies. The maturity of the Indian Retailing will also imply to a diminishing margins. HHLI is trying to optimize its sales proportion ratio in such a way that the impact of high volume and diminishing margins is minimized. Finally, I convey my sincere gratitude to all the stakeholders of HHLI and people of India for their unconditional support. I wish to place on record the support of Board Members, Customers, Business Associates and Employees of the Company and lookforward forthe same in the future. Kenichi Munakata Chairman Hitachi Home & Life Solutions (India) Ltd.