BSE:519588 | NSE:DFMFOODSEQ | 58888:dfmf | IND:FMCG Food & Beverages | ISIN code:INE456C01020 | SECT:FMCG
After 2016-17, during which demand was weak and markets disrupted on account of demonetization, the year gone by has been an encouraging one.
The revenues and profitability have both rebounded and the business is much more sustainable than before.
Two new products - Curls and Cheese Balls were launched during the year.
Curls was an unprecedented success and Cheese Balls has settled down into a niche groove. These products have expanded the customer base of the Company significantly and this will help us to further build the business going into the future.
Work on the modernization and upgradation of the first extrusion line at the Ghaziabad plant has been taken up at a capital outlay of about H20 crore. This will also result in an increased capacity of about 4000 MT per annum thereby taking up the total installed capacity to about 39000 MT per annum.
Going forward we shall continue to invest in the development and introduction of new products, innovate in the marketing of our products, improve the efficacy of our consumer promotions and strengthen the reach and productivity of our distribution system.
I am confident that our efforts will help in the growth and development of our business on a sustainable basis.
I would like to thank the entire Management team for their untiring efforts in developing the business.
I am also grateful to the Board of Directors for their support and guidance. I also thank all the stakeholders for their association with and trust in the organization.
With best wishes,
Chairman & Managing Director
25th May, 2018
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