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Euro Ceramics Ltd.

BSE: 532823 Sector: Consumer
NSE: EUROCERA ISIN Code: INE649H01011
BSE LIVE 19:40 | 19 Oct 6.77 0.03
(0.45%)
OPEN

6.99

HIGH

7.05

LOW

6.56

NSE 19:31 | 19 Oct 6.95 0.50
(7.75%)
OPEN

6.80

HIGH

7.05

LOW

6.55

OPEN 6.99
PREVIOUS CLOSE 6.74
VOLUME 3900
52-Week high 15.08
52-Week low 5.52
P/E 11.47
Mkt Cap.(Rs cr) 23
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 6.99
CLOSE 6.74
VOLUME 3900
52-Week high 15.08
52-Week low 5.52
P/E 11.47
Mkt Cap.(Rs cr) 23
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Euro Ceramics Ltd. (EUROCERA) - Chairman Speech

Company chairman speech

EURO CERAMICS LIMITED ANNUAL REPORT 2007-2008 CHAIRMAN'S REPORT What kind of a Company is Euro Ceramics? What distinctive difference will we make in our space? These are the two questions that I am most frequently asked today. Euro Ceramics is not another tile company. It is being positioned as a core ceramic Company. Our growth will be derived from a growing understanding of this material and how we can apply it in various ways to make a wider range and a better quality of products. Euro Ceramics is not a run-of-the-mill ceramic products company. It is being positioned as a design-led, premium tile company. What we make will address customers who possess the desire and the capability to buy the best. At the Company, we feel that a combination of these two statements represents the essence of an effective and enduring business model. This is why: * It is our experience that the community of people who want to migrate to a better quality of products and services keeps growing all the time, recession or not. Most consumer segments are sensitive to the overall economic, national and international environments; the premium-end is not. * It is our experience that the quality-conscious, upper-end customer rewards innovation and design better and quicker than any other income segment. In our business, this translates into a more effective coverage of costs, the availability of an attractive cash flow and a stronger availability to reinvest in more products and higher capacities. * In our experience, a design-led company creates the expectation of superior quality. This creates a consumer pull, helps us reduce the promotions budget, enthuses our franchisees and helps us widen our distribution network faster. I am pleased to state that in 2007-08 we walked this talk. We leveraged our understanding of the ceramic material and extended from the manufacture of vitrified tiles to the commercial manufacture of calcareous tiles in June 2007 and sanitaryware in April 2008. So what will this business model achieve for our Company? One, there is a growing international respect for Euro Ceramics for its ability to fuse three globally established product categories into its business with speed and effectiveness. In our understanding, this combination of businesses is unique; companies have successfully scaled their individual product lines to achieve economies of scale and brand, but no Company has taken the absolutely lateral approach of widening its product breadth over scale within our sector. Two, we expect to drive sustainable growth in terms of topline and bottomline for the Company over the foreseeable future, translating into superior value for all those who own shares in our Company. Nenshi L. Shah Chairman & Managing Director