I would like to begin with elaborating our Compan/s financial performance for thefinancial year 2018. This year has been an exciting one for our Company as we continuedour growth trajectory with more focus on the bottom line of the financials. The keyfinancials for the year recorded a 13.2% growth in the total income to INR 286.4 Mn fromINR 252.9 Mn achieved in the last fiscal year. A ramp up in the business resulted in 285%growth in the net profits. The operating profits stood at INR 44.5 Mn for FY18.
Few trends which were observed in the sector during the year were a rise in the ruralconsumption which drove the FMCG market the FMCG market is expected to grow at 27.9% andis expected to reach INR 6240 Bn till 2020 which is currently at INR 3180 Bn. Indianhealthcare sector one of the fastest growing is expected to advance at a CAGR of 22 percent during 2016-2022 to reach INR 22320 Bn by 2022. Talking now about one of the mostsignificant industry to us there has been an exponential growth of Sexually TransmittedDiseases (STD) from 86 in 100000 few centuries ago to 882 in 100000 in 2015 and it isstill growing. The role of contraceptives no longer remained confined to birth control butalso extended to the prevention of sexually transmitted diseases and infections. Condomshave emerged as the most versatile and widely used contraceptive solutions in the lastcouple of decades. The usage of condom which was at INR 357.6 Bn in 2015 is projected toreach INR 573 Bn by 2021 growing at a CAGR of 9.12% during the forecast period (Report ofBeige Market Intelligence on Global Condom Market). Energy capsule is expanding rapidlyand getting very encouraging response.
I would like to explain briefly about the operations of our business. Our company isinvolved in the business of sexual wellness personal and healthcare products. Our mostsignificant product are energy capsules as it has made the highest contribution to thetotal revenue. Our company have 18 products in the existing portfolio but we areintending to contribute more focus on the branding and marketing of sexual wellnessproducts and Rajnish lotion in personal care catagory in the next fiscal year. I wouldalso like to convey that despite a decline in the advertisement expenses in FY18 thesales of the Company was not affected. We have created a strong presence in the states ofMaharashtra Odisha and Karnataka with these states generating the highest revenue aswell. Our company have an asset-light model which reduces the burden of fixed overheads.Our company owns all the brands which command a strong recall value. 'PlayWin' theflagship brand of our company has established itself as India's fastest growing brand insexual wellness category. We have been aggressively marketing our brands across severalregions of the country establishing our brand name throughout.
Our company is exploring ethical market in sexual wellness and energy revitalizationcatagory. Recently our company has launched PlayWin spray in this catagory.
Going forward we would like to deepen our presence in the domestic markets whichincludes the states of Uttar Pradesh Bihar Delhi Jharkhand Madhya PradeshUttarakhand Haryana and West Bengal. Continuous branding and marketing the Compan/sproducts are our central strategies. We endeavour to focus more on developing the marketsfor existing products and establishing their brand names.
In the coming years we assure our valued shareholders that the Company is going seecontinuous growth. We look forward to your continued support and best wishes.
With best regards
Mr. Rajnishkumar Surendraprasad Singh
Chairman & Managing Director