We have been amongst a select group of companies that has generatedoutstanding returns for its shareholders. You would be pleased to know that in the last 25years we have been able to deliver return to our shareholders at a CAGR of ~37%.
I am happy to share that we have completed 25 years of our publiclisting. Through these years we have registered consistent growth across all businessparameters be it revenue profitability employment generation or contribution toexchequer with highest standards of corporate governance. We have been amongst a selectgroup of companies that has generated outstanding returns for its shareholders. You wouldbe pleased to know that in the last 25 years we have been able to deliver return to ourshareholders at a CAGR of ~37%. We are committed to serve and enhance value for each ofour stakeholder including our consumers dealers vendors employees and shareholders.
The current business environment continues to pose new challenges;however your Company has shown the resilience to manage such hurdles. We witnessed thehistoric roll out of Goods and Services Tax (GST). Initially it caused certain disruptionowing to uncertainty and lack of clarity yet we swiftly dealt with the situation. Todaywe are encouraged and enthused the way GST is contributing to the formalisation of theeconomy.
During the year we aligned and successfully integrated the consumerdurable business of Lloyd. On the back of increasing urbanisation and growing middleclass the consumer durable business in addition to the electrical business offers newavenues of growth. It is a journey where we learn and improve as we move further. Tofurther strengthen and in line with our philosophy of Make in India' we havecommitted to establish a state-of-the-art manufacturing plant for Lloyd air conditionersin Rajasthan.
Technology at Havells has been the cornerstone of everything we do. Thefourth industrial and energy revolutions are resulting in technology advances that aredriving greener and more energy-efficient solutions. We have embraced technology in everysphere of our business and manufacturing operations including channel management. Higherautomation in manufacturing has led to greater efficiencies and enhancement inproductivity. The rapid digitisation of our sales force has offered them ease and speed ofdoing business whereas it offers greater transparency peace of mind and ease of doingbusiness to our channel partners.
Following the motto of "making a difference" your Companycontinued to focus on innovation. The Company entered into the residential water purifierbusiness with the launch of a range of stylish differentiated and premium products inDecember 2017. This is India's first pH balancing water purifier that is capable ofpurifying new-age pollutants across geographies. We are gradually rolling out the productwith enthusiastic initial response. In its quest to reduce dependency on fossil fuel yourCompany has enhanced its captive solar power capacity thus saving over 3.5 GWh ofelectricity. This will not only cut our carbon footprint but also help us save significantoperating costs. We further committed ourselves to planting over 1.5 lakhs trees in FY2018-19 that will not only make us Carbon Positive' but also add to thecountry's green cover. Adding to our last year's efforts of providing mid-daymeal to children we served over 11.8 million meals to around 59000 children daily across692 government schools in Alwar Rajasthan in FY 2017-18. We also constructed over 1000eco-friendly bio-toilets in addition to existing strength of around 1800 bio-toiletsensuring safe and clean sanitation facilities for both boys and girls. We have committedfunds for the upkeep of these toilets ensuring that bio-toilets do not go unused due topaucity of funds. We continued to counsel children through various workshops about theimportance of hygiene and good sanitation practices enabling them inculcate good hygienehabits from an early age. This year we also took a bold step of conserving our heritage.Along with Aga Khan Trust for Culture we pledged sizeable investment in conserving SubzBurj a 15th century monument in Central Delhi and also building of India's firstunderground heritage museum at Humayun's Tomb. Financially FY 2017-18 was afulfilling year where the Company's revenue grew by 33% and the profitability grew by32% (after exceptional items). The performance in the second half improved laying thefoundation for superior growth in 2019. We are excited with the opportunity unfolding forHavells and our preparedness to capitalise upon the same. I perceive the enthusiasm of ourpeople a resolve to perform better and an urge to seize the opportunity. The foundationhas been well laid the tools are well provided and the ground is fertile. We arefortunate to be in India at this juncture when growth is palpable and within reach. Iwould like to thank the employees for their efforts the board for their guidance and allother stakeholders for their consistent support and encouragement in our endeavours. Welook forward to your continued support and guidance.
With warm regards
Anil Rai Gupta