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Nivaka Fashions Ltd.

BSE: 542206 Sector: Others
NSE: N.A. ISIN Code: INE139E01028
BSE 11:00 | 09 Feb 3.45 0.01
(0.29%)
OPEN

3.25

HIGH

3.70

LOW

3.01

NSE 05:30 | 01 Jan Nivaka Fashions Ltd
OPEN 3.25
PREVIOUS CLOSE 3.44
VOLUME 29370
52-Week high 9.65
52-Week low 2.82
P/E 345.00
Mkt Cap.(Rs cr) 35
Buy Price 3.35
Buy Qty 35.00
Sell Price 3.45
Sell Qty 31.00
OPEN 3.25
CLOSE 3.44
VOLUME 29370
52-Week high 9.65
52-Week low 2.82
P/E 345.00
Mkt Cap.(Rs cr) 35
Buy Price 3.35
Buy Qty 35.00
Sell Price 3.45
Sell Qty 31.00

Nivaka Fashions Ltd. (NIVAKAFASHIONS) - Chairman Speech

Company chairman speech

M.D. statement

It's a pleasure to present this annual report for the year 2022. It has been a toughyear across the globe both economically and physically but the human race has always beenresilient and prone to bounce back with better learning and adaptation. We at Ninecoloursbelieve that our resilience during these tough times have helped us and will continue tohelp us to bounce back in a bigger and stronger way while also teaching us bettersurvival techniques to adapt to this changing world order. Yes the sales are bouncingback - though slow - and customers are looking towards making their special occasions evenmore special and memorable with fashion and confidence. We believe that clothes instilconfidence and colours instil emotions joy happiness and positivity.

In the bygone year we have improved on our technology catalogues and quality ofproducts. We have engaged with our customers in better and newer ways. Our belief issimple and strong: to deliver to our customers the best possible experience and not justproducts. We continue to focus on how we can add to the customers' experience by seeingfrom their eyes understanding their needs and ensuring that they get more than just'value for money'. Going forward our key focus is to strengthen our e-commerce processesand expand our categories both horizontally and vertically.

Our strategic objectives going forward also focus majorly on improving the consumerexperience by curating and creating better outfits giving people the confidence to be whothey want to be inspiring them with outfits that they will love and want to experimentwith educating them about the latest trends in fashion and making them comfortable withthe change.

We have added more brands and manufacturing to our ambit this year which we believeshall be able to add to our existing revenues and help us improve our sales and margin mixover the next few quarters.

In this difficult year the second and third wave has hit us more The consumerconfidence was down and consumer spending took a hit. We were able to achieve sales of120.40 million rupees.

Thanks for your continued interest in our company and for investing in our future. Weare well positioned to win - we have the plan we have the assets and most importantly wehave the people who are hungry to make a difference and innovate for customers in newways. This is a great time to be at Nivaka Fashions Limited. I am excited for the year andwhat we will accomplish.

Bhavin Jain

Managing Director

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