I am pleased to report that 2018-19 was another year of growing top and bottom lineperformance for DHC. Solid revenue growth was combined with good profitability. Thisdespite a challenging year for the global economy with subdued growth and high levels ofvolatility undermining consumer confidence in many parts of the world. The Company isfavourably operating in a sector that is experiencing widespread boom and is evolving inIndia.
Although challenging growth offers significant opportunities to the Company - abilityto move with speed and agility and tailor offerings to deliver consumer wellness goals. Tothat end the Board is very confident that the Company's strategy and the measures it hastaken to strengthen its organization sharpen its portfolio and expand e-commerce andgrowth operations make it well placed to capture new and emerging growth opportunities.
A YEAR OF PROGRESS
As well as delivering a solid set of results we also made good progress in 2018-19 ingrowing the overall business to be ready for future opportunities:
The Board also believes that the Be Young store continues to set the Company apart as abusiness highly attuned to the growing desire among consumers for nutritional solutionsthat serve a wider societal need. The Company's purpose is to Innovate Develop andprovide Effective Solutions to Prevent Discomfort; disorder; disease; disability boostquality of life for a lifetime. 1000+ million servings consumed by the consumers is initself an evidence that the Company's innovative nature based Solutions are deliveringconsumer expectations and helping them have a better Quality of life.
We also accelerated the growth of our online business. DHC on its in-house online storehas got 2 lacs registered buyers and is moving to be the leading Wellness Product onlinestore www.beyoungstore.com is generating 30%+ cash and is on a revenue run rate of overRs.20 million per month. The Company's objective to be the best store in terms offootfall registered buyers revenues and cash generation.
In line with our strategy DHC in FY 18-19 had a revenue of Rs.443 million and EBDITAof Rs.169 million (38.17%) Gross Margin at 65%; EPS of Rs. 10.29 and market cap of Rs.1500 million with a PE multiple of 9-10. In 2018 we also completed successfully theInitial Public Offering.
By empowering those closest to the marketplace and by linking our export brand teamwith the largest distributor across the Kenya our export model is helping to launch StayYoung with speed and agility. We also launched Stay Young in Mauritius and neighbouringislands. All of this makes us well placed to capture the many opportunities that existacross our global markets.
Building on these strong foundations my priority will be to accelerate quality growth.For us that means - consistent growth competitive growth profitable growth andresponsible growth with an equal focus on each. From 2016 the efforts of 20 years havebeen generating name fame and cash. It has been a long and difficult but fulfillingjourney. Finally the Company seems to have arrived and it seems the next many years arewellness years. The Company is young now but with a dream to be big irrespective of thesize we are following the basic principles of business generating wealth for shareholdersand distributing Wealth.Of.Wellness (W.o.W) to consumers.
Despite the progress we have made in recent years I am also clear that - in a worldwhere the speed of change is relentless - we need to quicken the pace of everything we dostill further. I want to make speed and skills for a digital age a hallmark of DHC. If wecan do all this then I am confident we can achieve our strategic aims and deliver manyyears of solid revenue growth further underlying operating margin improvement.
The digital growth of the Company also continues apace. We are working successfullyin-house to build world-class technology and data analytics infrastructure. Through thesophisticated and responsible leveraging of our data insights we are closer to reachingour goal of being able to connect directly with a billion of consumers.
Strengthened by these measures we are good in shape for the future. We're concernedabout using sustainable technology. So as a company we are committed to delivereco-friendly brands that consumers can enjoy responsibly. We know how crucial it is andwe're committed to doing our part. The biggest value lies in the recognition and awardsreceived over the year. That is a remarkable achievement and testament to DHC's valuesand commitment to be a force for good in the world.
Over the year we have seen first-hand the depth of talent that exists within theCompany as well as the commitment of DHC people to go on improving the lives of consumersand the societies in which the company operates. On behalf of the Board I want to thankall of the employees of DHC for their remarkable efforts. Equally we have been pleased toengage with many of the company's other stakeholders without whom DHC could not besuccessful. That includes our shareholders who I also want to thank for their continuedsupport of the company.