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We posted yet another year of impressive performance with healthy topline growth and high quality earnings testifying to the robustness of our corporate strategy of creating multiple drivers of growth. This performance is even more satisfying since it has been achieved despite severe taxation on cigarettes, the incubation costs of new FMCG businesses including the recently launched Personal Care portfolio, the upfront costs of rural marketing initiatives and the gestation costs of fresh investments in the Paperboards and Hotels businesses.
Gross Turnover for the year 2007-08 grew by 10.7% to Rs 21356 crores driven by good topline growth across all our businesses. Pre-tax profit increased by 16.4% to Rs 4572 crores, while post-tax profit at Rs 3120 crores registered
a growth of 15.6%. |
