The challenges facing the Company are primarily to do with sharply increasing input cost as a consequence of global phenomena. Your Company as one of the largest consumers of almost all input materials such as spirits, glass containers, aluminum caps, paper and board has proactively managed the cost situation. This, together with the premiumisation of sales has helped the Company to defend margins in extremely hostile conditions. Our efforts on these lines continue during the current year, which has seen some unprecedented increases in certain areas, particularly the cost of energy. Having said this, I am pleased to state that prices are on the decline now, following steep decreases in prices of crude and other commodities.
On the regulatory front, your Company continues to lead intense efforts with Government to ensure a balanced environment for sustainable growth.
It remains for me to thank all who have contributed to the Company’s achievements during the year – our people, the consumers who have enthusiastically purchased our products, our suppliers, our financial partners and most of all, you dear fellow shareholders.
Dr. Vijay Mallya
Chairman
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