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Nandan Denim Ltd.

BSE: 532641 Sector: Industrials
NSE: NDL ISIN Code: INE875G01030
BSE 12:42 | 04 Jul 29.05 -0.50
(-1.69%)
OPEN

29.20

HIGH

29.95

LOW

27.55

NSE 12:29 | 04 Jul 29.00 -0.50
(-1.69%)
OPEN

29.50

HIGH

29.90

LOW

28.15

OPEN 29.20
PREVIOUS CLOSE 29.55
VOLUME 6247
52-Week high 69.90
52-Week low 15.73
P/E 6.18
Mkt Cap.(Rs cr) 419
Buy Price 28.85
Buy Qty 212.00
Sell Price 29.00
Sell Qty 4.00
OPEN 29.20
CLOSE 29.55
VOLUME 6247
52-Week high 69.90
52-Week low 15.73
P/E 6.18
Mkt Cap.(Rs cr) 419
Buy Price 28.85
Buy Qty 212.00
Sell Price 29.00
Sell Qty 4.00

Nandan Denim Ltd. (NDL) - Chairman Speech

Company chairman speech

I AM INCREDIBLY PROUD OF OUR TEAM PARTICULARLY OUR FRONTLINE WORKERS IN FACTORIES ANDDISTRIBUTION CENTRES AND OUR BUSINESS PARTNERS AROUND THE WORLD WHO KEPT OUR BUSINESSRUNNING DESPITE SIGNIFICANT CHALLENGES.

This year we sharpened our focus on areas that are making a significant contributionto our business performance to create a distinct market proposition for Nandan and drivevalue for our shareholders.

Dear Shareholders

The Company has weathered adverse operating conditions in the past and recently weendured a global health crisis in the form of the Covid-19 pandemic. Amidst difficultiesour values have guided our response and it has enabled us to emerge stronger than before.The pandemic had a profound impact on the world our industry and our business. And yetin the face of extraordinary challenges we demonstrated resilience agility creativityas well as a clear conviction to run an ethically sound business.

The financial year 2020-21 begun with a global health crisis sweeping across globaleconomies even as households corporates and governments adopted social distancingmeasures and imposed lockdowns to curb the spread of infections. The world economy wasvalued at over USD 130 trillion in 2019 but Covid-19 dealt a huge blow and led to amassive contraction.

In India too GDP contracted and loss of lives and livelihoods were rampant. Thelockdowns brought economic activity to almost a standstill and favourable monetary andfiscal policies by the Government and the Central Bank improved sentiments. It alsostimulated demand and fostered an economic revival towards the latter half of the lastfiscal. However the second wave of Covid-19 in Q1FY22 somewhat affected the growthmomentum. But the success of nationwide vaccination drives since early Q4FY21 has renewedhopes of a faster recovery due to various enabling factors such as formalization of theeconomy improved public health expenditure and greater purchasing power in the hands ofconsumers.

From the beginning of the pandemic our teams promptly acted to protect our people ourconsumers and the business all while positioning ourselves to meet the demands of anevolving future. I am incredibly proud of our team particularly our frontline workers infactories and distribution centres and our business partners around the world who keptour business running despite significant challenges. The resilience of our team gives usimmense confidence to overcome obstacles and shape a brighter tomorrow.

The sales for the year was Rs. 1090.23 crores. Financial Performance was significantlyimpacted during H2 of FY 21.

Denim is an extremely popular textile in the global apparel market. Its market valuewas USD 21.8 billion in 2020 and is expected to increase to over USD 26 billion by 2026.The retail sale of denim or blue jeans is projected to reach USD 71.8 billion by 2027. Theglobal denim jeans market in 2027 is forecast to be worth around USD 87.4 billion.

This year we sharpened our focus on areas that are making a significant contributionto our business performance to create a distinct market proposition for Nandan and drivevalue for our shareholders.

We adopted intelligent methods to streamline our global supply chain and optimizedpromotions and planning to reduce the go-to-market timeline improve margins and enhanceprofitability.

THE RETAIL SALE OF DENIM OR BLUE JEANS IS PROJECTED TO REACH USD 71.8 BILLION BY 2027.THE GLOBAL DENIM JEANS MARKET IN 2027 IS FORECAST TO BE WORTH AROUND USD 87.4 BILLION.

We also continued our efforts to foster a diverse and inclusive workplace.

At Nandan our success largely depends on our workforce and we are dedicated to promoteemployee well-being to create an engaged and motivated team.

In an extraordinary year I'm proud of what the Company has accomplished. Weaccelerated efforts to improve our brand identity connect directly with consumersintegrate digital methods with our business and further diversify our portfolio — allwhile staying true to our values. We remain in very uncertain times. But as we look aheadI am certain we will continue to drive profitability build our business for the futureand emerge stronger for the next chapter in the Company's history.

Regards
Vedprakash Chiripal
Chairman

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