Dear Stakeholders,
Over the past 39 years, Fiberweb India Limited has established itself as a leader in
the non-woven fabrics industry, with a steadfast commitment to our culture, people, and
brand as our most valuable assets. This commitment has been the foundation of our
sustainable growth and our ability to deliver long-term value to our stakeholders.
As we look ahead, Fiberweb is poised for a future filled is rapidly evolving, and we
are confident in our ability to navigate these changes while continuing to drive growth
and innovation. Our company is stronger than ever, thanks to the strategic investments
we've made in technology, production capacity, and talent.
"Innovation and resilience are the cornerstones of our success, enabling us to
turn challenges into opportunities and drive sustainable growth for the future."
FY24 has been a year of healthy financial performance for Fiberweb, marked by steady
growth across our key markets. Despite the challenges posed by supply chain disruptions
and the complexities of the Red Sea transit routes, we have successfully maintained our
production and delivery timelines. Our strong operational framework and agile response to
these disruptions have been critical in ensuring that we continue to meet the needs of our
customers without compromise.
The textile industry, particularly the non-woven segment, faces unique challenges in
the current global environment. Supply chain constraints, fluctuating raw material prices,
and logistical hurdles have tested our resilience. However, our ability to adapt quickly,
optimize resources, and innovate in our processes has allowed us to turn these challenges
into opportunities for growth. We have expanded our production lines and diversified
protective materials, to meet the increasing demand for high-quality non-woven products in
the medical, hygiene, and filtration sectors.
Our commitment to Corporate Social Responsibility (CSR) remains at the heart of our
business philosophy. We are proud of the initiatives we have undertaken this year, which
have made a positive impact on the communities where we operate. From environmental
sustainability projects to education and healthcare programs, our CSR activities are
designed to contribute meaningfully to society. We believe that doing good for society is
not just a responsibility but an essential part of who we are as a company.
" Our commitment to excellence and social responsibility fuels our journey
forward, ensuring that we not only meet the needs of today but also contribute to a better
tomorrow. "
Looking forward, we are focused on further strengthening our market position by
embracing innovation, driving operational efficiencies, and expanding our global
footprint. We are confident enable us to continue delivering strong financial performance
and create value for our shareholders.
As we continue our journey, I would like to extend my deepest gratitude to our
shareholders for their unwavering trust and support. Your confidencein Fiberweb has been
instrumental in our success, and we remain committed to rewarding your faith in us. I
would also like to thank our dedicated employees, whose hard work and commitment have been
the driving force behind significantstrides towards ourachievements.Together,wearemaking a
brighter future, and I am excited about the possibilities that lie ahead.
Thank you for being a part of Fiberweb's journey. Let us continue to work together to
make the world a cleaner, safer, and better place for all. and challenges. The global
landscape
| Jai Hind. |
| Pravin Sheth |
| Chairman Emeritus |