Investor Presentation
Message from MD Desk
S
THE SUKHJIT
STARCH AND CHEMICALS
LIMITED
EVOLVING WITH NATURE
Sh. K.K SARDANA
Managing Director
I
"The year 2021-22 marked a significant period of growth and transformation for Sukhjit, as it solidified its position and advanced
its Growth Roadmap. The three waves of the Covid pandemic have imparted valuable lessons to the trade and industry, forcing
businesses to adapt by streamlining operations, optimizing resources, and reducing infrastructure. The post-Covid bounce in
results demonstrates the immense learning that has taken place during these challenging times.
As part of its Transformation Agenda, Sukhjit has been making changes in its manufacturing and delivery processes to better serve
its end users. One noteworthy aspect of this new positioning is the company's commitment to migrate customers in Tier 2 and 3
cities from the unorganized sector to the organized sector. By offering international quality products at affordable Indian prices,
Sukhjit has successfully differentiated itself and built loyalty among its customers across the country. The company has also
continued to invest in its business, capitalizing on key industry trends to position itself for long-term success. With a widespread
footprint across the country, Sukhjit aims to penetrate deeper into the hinterland by leveraging its capacities, world-class customer
service, and efficient logistics to ensure affordability.
In today's rapidly evolving world, new products and services driven by innovative technologies are transforming various aspects of
our lives. These changes are not limited to the privileged or the evolved; even those at the bottom of the socioeconomic pyramid
are willing to pay for convenience, quality, and consistency. Sukhjit recognizes this shift and aims to cater to the evolving needs and
preferences of its diverse customer base. In terms of financial performance, the company achieved double-digit growth in
comparable net sales in the first quarter. By actively managing customer contracts and addressing higher input costs, Sukhjit's
operating teams successfully delivered core sales growth and a stronger specialty mix. The company's new unit in Punjab is
operating at high capacities for starch and its derivatives, with plans to achieve full capacity utilization in the near future.
Sukhjit is also focused on expanding its maize processing capacities in two locations, modernizing outdated facilities to meet
growing demand. The global environment appears favorable for the starch industry, as its products have become more competitive
in international markets due to higher corn costs in major starch-producing countries. Additionally, the company emphasizes the
importance of deep customer research to drive profitability and exceed shareholders' expectations.
Around 80 years of experience, Sukhjit is confident that its ongoing transformation will usher in a new phase of growth. Despite
the current uncertainties surrounding economic recovery and inflationary pressures, the company remains guided by its core
values of hard work, integrity, teamwork, and social commitment. By staying true to its vision and adapting to changing
circumstances, Sukhjit aims to prosper and become an even more relevant partner to its customers. The company acknowledges
the support of its valued customers, stakeholders, suppliers, business associates, shareholders, and employees in its journey.
While the immediate future may present challenges, Sukhjit is committed to creating long-term value for all its stakeholders,
guided by its core values and dedication to social responsibility."
Investor Presentation
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