Bella Casa Fashion & Retail Ltd.
|BSE: 539399||Sector: Industrials|
|NSE: N.A.||ISIN Code: INE344T01014|
|BSE 00:00 | 30 Sep||157.50||
|NSE 05:30 | 01 Jan||Bella Casa Fashion & Retail Ltd|
|Mkt Cap.(Rs cr)||181|
|Mkt Cap.(Rs cr)||180.81|
Bella Casa Fashion & Retail Ltd. (BELLACASAFASHI) - Chairman Speech
Company chairman speech
2020-21 was an unexpected and challenging year for our nation. Thefirst half of the year was all about negotiating the uncertainty created by the Covid-19.Nationwide lockdowns followed by state-specific restrictions in days and times ofretailing helped contain the spread of the virus. However these restrictions had a severenegative effect on the demand for fashion & lifestyle categories in the process. Butonce the government successfully contained the spread of the virus the second half of theyear saw a historical bounce back. Customers came out with a vengeance and the"revenge shopping" created a momentum never seen before in India.
Our vision is clear. We aspire to become the largest Fashion &Lifestyle category manufacturer for all significant Indian retailers and platforms. Torealise this vision despite the pandemic we have continued with all our expansion plans.
I am happy to share with you that the company's installed capacity nowstands at 12 Mn pcs/annum. Spread over 550000 Sq ft; at an optimum utilisation levelthe plants will employ more than 4000 people and generate a revenue of more than Rs 400cr. With the increased rate of vaccinations I am sure we will experience a goodutilisation of this capacity soon.
Further your company continues to invest in technology and people tomake all departments more effective agile and capable of handling multi-fold volumes innot-so-distant future.
I am sure this difficult period is a blip in a very successful journeyin the future!