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Bhartiya International Ltd.

BSE: 526666 Sector: Others
NSE: BIL ISIN Code: INE828A01016
BSE LIVE 15:49 | 21 Jul 598.05 21.15
(3.67%)
OPEN

590.00

HIGH

607.00

LOW

581.00

NSE 15:49 | 21 Jul 598.30 19.90
(3.44%)
OPEN

592.50

HIGH

605.95

LOW

581.05

OPEN 590.00
PREVIOUS CLOSE 576.90
VOLUME 24268
52-Week high 660.00
52-Week low 447.10
P/E 46.43
Mkt Cap.(Rs cr) 726
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 590.00
CLOSE 576.90
VOLUME 24268
52-Week high 660.00
52-Week low 447.10
P/E 46.43
Mkt Cap.(Rs cr) 726
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bhartiya International Ltd. (BIL) - Chairman Speech

Company chairman speech

Over the past 29 years since Bhartiya International was founded I have continued tochallenge myself and our team to get better in all we do ... to create better designimproved product and better execution for the global brands and retailers we supply. Thepower of design and product excites us and inspires us. Bhartiya continuously rises abovethe complexities that create uncertainty to drive creativity revenue growth andprofitability. In 2015-2016 we demonstrated this again by delivering a strong financialperformance with record revenue of 625 crores up 12% versus the prior year. While Iappreciate the variety of geopolitical and macro factors we operated against last yearour diversified and balanced product categories and customer base allowed us to deliverconsistent improved financial performance. Momentum is a powerful thing and in 2015-2016we produced strong revenues and earnings growth.

As a team we are laser focused on our customer and the products they require. Superiordesign and product remains the key to our value proposition and success. We are honored bythe faith and confidence our customers place in us and welcome the responsibility todeliver the right product at the right time to support them. At Bhartiya no one determinesour future but us. We are expanding our operating businesses with new product categoriesand a larger customer base with broadened geographic reach. I am energized by the futureopportunities and possibilities as we:

• Increase production outside India to take advantage of unique Bangladesh andChina factories' competencies to supply our customers and retailers with new. innovativeproducts.

• Establish new businesses like our non-leather textile outerwear group whichopens up a large global market to us and is supported by a new state-of-the-artBangalore production facility.

• Build and grow business with major new retail and e-commerce customers in Chinaand South America who cater to expanding consumer markets. China for example willrepresent 25% of total global consumer spending in 5 years.

• Expand our International Division whose Milan based operation is on track toproduce record revenue and earnings growth in 2016-2017 with a bright future ahead.

We also continue to look inward and focus on how to be more efficient more costeffective as we build a larger business generating greater profits and better returns forour investors. This is our goal. As I look forward Bhartiya International faces a worldof possibility. New markets New products New business approaches. I believe that throughhard work and smart innovative thinking all things are possible. Today the Companywhich we founded is strong and well positioned to convert market opportunities that willenable us to continue to deliver sustainable growth and improved financial performance Asyour Chairman and on behalf of our loyal team I would like to sincerely thank you ourshareholders for your investment and continued support for Bhartiya International.

Snehdeep Aggarwal