India ki Puraani Aadat

Management commentary Commenting on the performance for Q1 FY21, Mr. Anil Kumar Mittal - Chairman and Managing Director, KRBL Limited said, "We have seen healthy demand coming for our branded portfolio during the quarter despite severe logistical issues on account of the lockdowns. Consumers are preferring packaged products from well-known brands that they trust. The exports segment, where we have very good presence in global markets, has seen good improvement in realisations. Further, we continue to have a very good order book in both the domestic and exports segments. India Gate and our other brands continue to be well-regarded by customers around the world for trust, taste and quality. Our range of offering remains very elaborate with options for special occasions across a variety of cuisines. Products are available for both premium and daily consumption, as well as for health and nutrition related segments. Customers are seen preferring branded options even in their basic food items of daily use. As the largest Basmati company in the world we are shaping the emerging consumption trends through maximized reach and visibility of our portfolio. The process of adding more products will continue as we believe in providing options that are relevant to the modern consumer and where we can create distinct advantage for ourselves. Operationally, we are implementing latest technologies at our processing and packaging facilities to further enhance efficiencies, thereby contributing towards consistency of earnings. Backed by robust procurement during the last season, we are looking at progressively building up volumes, Y-o-Y. It is also our objective to run an optimized balance sheet and our teams are working towards reducing utilization of borrowed funds to create growth through smart inventory creation. Thus we are on track to deliver healthy performance in the coming quarters on a sustained basis, as we have in the past." RY SPECIAL

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