It gives me great pleasure to write to you as your company witnesses tremendous growthin the branded segment.
It is a matter of pride for us that our clientele continues to grow strongly across theentire national geography:
The year 2015-16 had been a demanding but also a tremendously rewarding one. WhilstIndia enters a faster growth period from three years of stunted growth the transitionperiod is marked by global uncertainty and volatility in financial markets. Despite thisyour company has fared well in the segments it operates in. We are fast emerging asleaders within subcategories of the branded edible oil segment. This has been achieved byinnovative and thoughtful product strategy followed by focused brand promotion activities.
Your Company's brand building efforts have helped create leadership in some categorieswith strong consumer franchises that yield healthy margins. The Company continues on itsjourney towards building a higher value added and a higher margin portfolio of brands.While we maintain confidence in the quality of our products we try to do everything wecan to ensure that Modi Naturals' emerges as an even stronger trusted and respectedCompany We want to continue to drive growth in the categories where we are leaders andhave a competitive advantage by providing our consumers with superior quality products.We are also focused on developing innovative products and brands to leverage our growingdistribution network.
In spite of the evolutionary changes our Company has undertaken over the years torespond to those challenges the one thing that has remained constant since ourinception is our commitment to stewarding our Company in the best interests of ourshareholders. We see this as a source of competitive advantage for the business now and inthe years ahead. I thank you dear shareholders for placing your faith in the Company Ialso thank the very committed members of the Modi Naturals' team and the Company'sbusiness associates for their continued support. My team and I look forward to thechallenges of delivering sustainable profitable growth in the years ahead with confidence.
I look forward to greater success for Modi Naturals' in the years to come.