Annapurna Swadisht Ltd – A Swadisht FMCG investment?

Annapurna Swadisht – Few pointers from Annual Report

• We set the second facility (Unit 1) in Siliguri, West Bengal, in 2022 and followed it up with Unit 2 at the same location. This addition has helped us to manufacture biscuits (Rusk), cakes and cream roll which were earlier outsourced. Further, we added new product lines to our Asansol facility, shoring up production volumes significantly.
• We are working with five white-label players to manufacture our five product segments which include potato chips, cakes, namkeen, ready- to-drink beverage (Gluco Water) and Noodles
• We entered into an exclusive contract manufacturing agreement with Gopal Food Product. The manufacturing facility, located at UPSIDC in the Kotwan Industrial Area of Mathura, Uttar Pradesh, has a production capacity of 1000 MT of biscuits, 60 MT of namkeen, and 150 MT of snacks per month.
• The new facility is well-positioned to serve the regions of East and North Rajasthan, Haryana, West, and Central Uttar Pradesh, the Delhi National Capital Region (NCR), North Madhya Pradesh, South and West Uttarakhand, and more.
• We have invested in two large greenfield units at Dhulagarh & Gurap in West Bengal. While the Gurap unit has started commercial production, our Dhulagarh facility will commence operations later in FY24.
• FY24 heralds a promising performance with the commissioning of our large greenfield facilities and multiple new product launches. In addition to our new facilities, we will partner with white-label manufacturing partners.
• To move close to consuming markets and grow output. While we remain exceedingly stringent on product quality, we will sharpen our focus on optimizing costs with a particular emphasis on logistics.
• In FY 23, the Company enhanced its presence by going beyond the RS. 5
  price point. It forayed into the RS. 10 market with cakes, rusk and gluco water. Additionally, it entered into the biscuit segment with RS. 30 as the highest product price point.
• The Company will add new product categories to its product offering, including popcorn and jhalmuri. In addition, it will further rejuvenate its existing product categories with newer SKUs in flavors and sizes to widen its opportunity horizon.
• The Company has entered into Uttar Pradesh and plans to extend its footprint to other contiguous northern states.
• Barring unforeseen circumstances, I am confident that we will continue to report an industry-beating performance over the years to come and deliver significant value for all our stakeholders.
• It is expected that the Company will achieve sound operation and financial performance in FY 2023-24. We aspire to be the best and to protect the interest of our customers, society and all the stakeholders.