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Vidhi Specialty Food Ingredients

BSE: 531717|NSE: VIDHIING|ISIN: INE632C01026|SECTOR: Dyes & Pigments
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Chairman's Speech (Vidhi Specialty Food Ingredients) Year : Mar '18

Dear Shareholders,

World growth strengthened in 2017 to 3.8%, with a rebound in global trade led by advanced economies. India witnessed growth as government initiatives to revive the economy increased Gross Domestic Product (GDP) in last two quarters. While most sectors gradually recovered from GST and demonetization, climbing crude oil price an area of concern.

In my last year’s message, I highlighted how your Company is moving towards a more profitable and sustain growth. You would be pleased to know that we further expanded our business with sales increasing by 4.91% c comparable basis (adjusted for GST and Excise) to Rs, 21,700.24 lakhs. To ensure seamless delivery of services smooth transition for customers, we were ready for GST implementation from day one. In spite of under environment both in India and Global markets, the Company through its leadership excellence, increasing focus high margin products and support of employees at all levels has managed to deliver good results. Our final performance continues to improve. Considering the improved operational and financial performance, your Comp has recommended a dividend payment of Rs, 0.20/- per equity share of Rs, 1/- each (i.e. 20%) for the financial y 2017-18.

As far as financial year 2018-19 is concerned, Net Profit reflected in Q1 results up by 115.41% as compare previous year and looking forward to the overall market situation, your Management is expecting to close the final year on positive note. You will be pleased to note that the Company made further progress during the yea implementing planned key initiatives to better its performance. Manufacturing efficiency and capacity utilization w improved was enhanced over the previous year.

Although manufacturing efficiency and output improved during 2017-18, there is still a lot to be done to sues performance. The Company has identified key initiatives to ensure consistency in manufacturing performance higher capacity utilization to be achieved throughout the year. At the same time, the Company is explore investments in new value added product(s) in its chosen areas with relatively low investments so that it does become highly leveraged.

Moving ahead, we expect to experience a sustained growth in coming years, where our focus will be on import'' our profitability levels. We look forward to a great year ahead with increase in yields due to higher margin; domestic sales and exports.

As we look into the future, we would continue our focus on maintaining profitable and sustainable growth. We that customers and stakeholders are aligning with Companies making advancements towards reducing impact environment and climate change. This trend will make sustainable chemistry a reality, placing your Company strategic advantage. Our sharp focus on customer centricity and digitization will help us continue leading the indu On behalf of the Board of Directors, I thank you all for your valuable trust and continued support.

With warm regards,

Bipin M. Manek

Chairman and Managing Director

Source : Dion Global Solutions Limited
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