Redefining Strength, Sustaining Performance
Dear Stakeholders,
I am immensely pleased to present the Annual Report of Nandan Denim
Limited for FY 2023-24. Since our establishment, we have embraced a
forward-thinking approach, constantly seeking innovation in both our business strategies
and product offerings. We deeply comprehend the importance of intertwining the strands of
innovation, responsibility, and collaboration to forge a brighter future in the present
moment. This overarching concept exemplifies our commitment to embracing transformative
shifts, nurturing progress, and making a positive imprint on both society and the
environment. It serves as a testament to our resolute dedication to augmenting operational
efficacy, maximising the utilisation of resources, and providing ground-breaking solutions
that cater to the ever-evolving needs of our esteemed customers.
At the heart of our operations lies a simple yet powerful principle
– customer delight. Our unwavering commitment to understanding and meeting the
evolving needs of our diverse customer base has been the driving force behind our success.
In a rapidly changing business environment, we have remained steadfast in our dedication
to delivering supreme quality products in full and on time, thereby ensuring that Nandan
Denim consistently stays ahead of the fashion curve.
During the year under review, Nandan Denim recorded an outstanding
financial performance. Our revenue stood at 2010.09 Crore in 2023-24 compared to 2026.76
Crore in 2022-23. Our profit after tax grew from 44.96 Crore in 2023-24 compared to 0.53
Crore in 2022-23. EBITDA stood at 152.91 Crore in 2023-24 compared to 95.71 Crore in
2022-23. The Company performed well, reflecting our inherent strengths and our resilience
and agility. In line with our mission of developing
Nandan Denim Ltd. into a Fashion brand and vision of becoming the
number one choice for discerning customers worldwide, we have accelerated our efforts to
improve our brand identity, integrate digital methods into our business, and further
diversify our portfolio. These initiatives not only reinforce our commitment to innovation
and excellence but also position us for sustained growth and success in the years to come.
As we look to the future, we are confident that our relentless focus on
customer satisfaction, coupled with our commitment to operational efficiency and
sustainability, will enable us to emerge stronger for the next chapter in Nandan
Denim's history. Together, we will continue to innovate, evolve, and strive for
excellence, knowing that our success is intrinsically linked to the trust and support of
our valued shareholders.
In closing, I extend my heartfelt gratitude to each of you for your
unwavering belief in our vision and your continued support as we embark on this exciting
journey ahead. With your partnership, I am confident that the best is yet to come for
Nandan Denim Ltd.
Warm regards,
| Mr. Jyotiprasad Chiripal |
| Managing Director |