Commenting on the results, Mr. Deepak Jalan, Managing Director, Linc Limited said:
“In the quarter gone by, our company demonstrated remarkable resilience and adaptability in the face of challenges. Despite a decline in our relatively higher margin export revenues, which can be attributed to geo-political disruptions in some of our key markets, our domestic sector showcased a decent growth of approximately 12%. Our proactive response to this situation involves strategic diversification in our export initiatives, where we are actively exploring new markets and optimizing our presence in the existing ones.
Although our gross profit margin experienced a slight dip, reaching 29.0% from 30.5% in the same quarter of the previous year, we view this as temporary. Our unwavering confidence is bolstered by the strong demand we continue to witness for our Pentonic portfolio, the increasing popularity of our “Deli” stationery range, and the growing market share of our higher-margin products. Moreover, our innovative pipeline remains vibrant, promising exciting prospects on the horizon. Our margins were also affected during the quarter due to one-time prosperity rewards to employees, recognizing their dedication and hard work during the challenging Covid times which has been instrumental in making FY 23 our most successful year to date. This is over and above the impact of the annual increments.
As we move forward, we do so with unwavering confidence in our capabilities. Our focus on innovation, strategic market expansion, and employee motivation positions us strongly for sustainable growth. We are confident that these efforts will not only help us overcome current challenges but also pave the way for even greater achievements in the near future.”
| Subscribe To Our Free Newsletter |
