Tag: Business

Mumbai (Maharashtra) [India], November 8: SVAR Media Network achieved a groundbreaking milestone by introducing the world’s first Artificial Intelligence (AI) Anchor for the Fashion, Gems, and Jewelry industry on November 4, 2023. This remarkable achievement adds yet another feather to SVAR Media’s illustrious portfolio, unveiling a revolutionary AI anchor developed in-house.

The brainchild of its exceptionally dedicated and skilled SVAR team, this AI anchor, SVARA, is poised to usher in a significant transformation in the Fashion, Gems and Jewelry industry. SVARA is a remarkably lifelike virtual human—brilliant and beautiful. She is capable of curating industry updates, delivering compelling reports, promoting brands, and adeptly hosting in multiple languages.

Powered by a state-of-the-art Artificial Intelligence technology system, SVARA has undergone extensive training using a vast dataset comprising text and video data. This comprehensive training enables SVARA to naturally and engagingly comprehend and disseminate information. This technological wonder represents a potent tool allowing businesses to connect with a broader audience and efficiently deliver information.

SVAR Media Network’s introduction of SVARA is poised to redefine industry standards, paving the way for more immersive and effective communication in the Fashion and Gems & Jewelry industry.

Dr. Rajendra Jain, Founder & Managing Director of SVAR Group, proudly said, “I’m absolutely thrilled to witness the groundbreaking launch of the World’s First Al Anchor, SVARA, in the Fashion, Gems and Jewelry industry by SVAR Media Network. I want to express my gratitude to Mr. Amit Sharma and Mr. Siddhant Jain, who dedicated several months to this remarkable Artificial Intelligence technology project and executed it with resounding success by creating it all in-house. My joy extends to the board of directors & the entire SVAR Media Network team for making history in Artificial Intelligence technology & in the fashion, gems and jewelry industry by ushering in the era of SVARA, the World’s First Al Anchor in this domain. It is a monumental achievement showcasing the power of creativity, innovation, and technology. Keeping up with the evolving technology, SVAR continues to revolutionise the fashion, gems and jewelry media industry and will strive to stay up-to-date with the growing innovations.”

About SVAR Media Network:

SVAR, India’s Premium Media Network, is known for its quality content and innovative approach to Gems and Jewelry and the Fashion sector. SVAR strives to be the pioneer of innovation in the Gems, Jewelry, and Fashion industry, being the voice of the industry for and by the industry – committed to bringing out the latest developments in the industry, including cutting-edge technology and trends. SVAR Media also shares the wisdom of industry stalwarts through their views, opinions, and interviews. It keeps the industry updated on the Govt. policies, export-import markets, fairs, festivals, exhibitions, launches, and events across the nation. SVAR offers best-in-class renowned B2B Jewelry magazine, SVAR – The Voice of Jewellers, and a state-of-the-art B2C SVAR: Retail Fashion Lifestyle Jewelry magazine, rich and informative digital newsletters and daily updates through its high-tech website and most efficient & effective social media handles in the Jewelry industry and platforms. The team at SVAR strives to go beyond its limits and mark innovations frequently in the industry through its passion and dedication.

Media Contact:

Amit Sharma: +91 98336 53818

Siddhant Jain: +91 98196 07633

Dubai (UAE), November 7: Save Earth Mission, a global leader in the mission to create a carbon-neutral world by 2040, is proud to announce a groundbreaking achievement: the acquisition of a PSP (Payment Service Provider) license in the United Arab Emirates (UAE). This significant milestone will enable Save Earth Mission to introduce a cutting-edge payment solution in Dubai, featuring minimal transaction fees, advanced technology, and an intuitive user interface, while simultaneously propelling the Green Finance Revolution in the heart of the city.

The PSP license, granted by the UAE authorities, underscores Save Earth Mission’s unwavering commitment to eco-conscious financial practices, advancing its mission to reduce carbon emissions, promote sustainability, and make a positive impact on the environment. This achievement showcases the organization’s dedication to building a greener and more sustainable future.

Save Earth Mission’s Global Founder, Mr. Sandeep Choudhary, expressed his excitement about this pivotal milestone: “Receiving the PSP license in the UAE is a testament to our dedication to integrating green finance with innovative payment solutions. Our goal is to empower individuals and businesses with eco-friendly financial tools while contributing to the fight against climate change. We firmly believe that environmentally responsible payments are a crucial step towards a more sustainable future.”

Key highlights of Save Earth Mission’s PSP license and its positive impact:

Cutting-Edge Payment Solution: Save Earth Mission’s forthcoming payment solution will offer a seamless and secure transaction experience with state-of-the-art technology. The platform’s user-friendly interface is designed to make e-payments more accessible and convenient for individuals and businesses in Dubai.

Minimal Transaction Fees: The organization is committed to providing cost-effective payment services, with a focus on minimal transaction fees. This approach is aligned with Save Earth Mission’s vision to support green finance while reducing financial burdens on users.

Green Finance Pioneers: Save Earth Mission is at the forefront of a Green Finance Revolution in Dubai, emphasizing the importance of integrating environmentally responsible financial practices with economic growth. The organization aims to stimulate sustainable investments and eco-friendly choices.

Environmental Impact: By promoting sustainable payment options, Save Earth Mission contributes to a reduction in the carbon footprint associated with financial transactions. The organization’s efforts are in line with its mission to achieve a carbon-neutral world by 2040.

Financial Inclusion: The payment solution will cater to a wide range of users, from individuals to businesses, enhancing financial inclusion and accessibility to eco-conscious payment methods.

Economic Growth: Save Earth Mission’s eco-friendly payment services will support economic growth while nurturing environmental sustainability. By making sustainable choices more accessible, the organization helps to create a balance between financial well-being and eco-responsibility.

The UAE, particularly Dubai, is recognized for its forward-thinking initiatives and innovations. The introduction of a green-focused payment solution by Save Earth Mission is a testament to Dubai’s commitment to sustainable growth and economic development.

The attainment of the PSP license signifies that organizations like Save Earth Mission are leading the way in leveraging the power of finance to drive environmental change. As the global community grapples with the consequences of climate change, environmentally responsible financial services have become a necessity.

Save Earth Mission’s pursuit of a carbon-neutral world by 2040 is not just an aspiration; it’s a mandate to ensure a brighter and more sustainable future for our planet. The launch of this payment solution in Dubai is a powerful step toward this objective.

Save Earth Mission is a global initiative founded by Mr. Sandeep Choudhary with a mission to achieve a carbon-neutral world by 2040. The organization is dedicated to addressing climate change and advancing sustainability through collective efforts from governments, industries, and individuals. Save Earth Mission focuses on transitioning to cleaner and renewable energy sources, implementing innovative technologies, and adopting sustainable practices to mitigate the effects of global warming and protect the well-being of all living beings on our planet. For more information, please visit saveearthmission.com

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Ahmedabad (Gujarat) [India], November 8: Get ready to be dazzled! Enrich is excited to announce the much-awaited 8^th season of “Beauty and Bling,” the ultimate festive sale event that promises to be bigger, better, and more exciting than ever.

The theme for this season, “Celebrate You,” perfectly aligns with Enrich’s brand identity, “Love Begins with You.” Enrich believes that every individual deserves to be celebrated, and what better way to do so than by treating yourself to the very best in beauty and wellness.

This year, “Beauty and Bling” is back with a bang, offering customers an incredible array of exclusive offers and surprises. Shoppers can look forward to irresistible discounts and promotions on Enrich’s wide range of beauty and wellness products and services.

One of the standout features of this season’s event is the thrilling “Spin the Wheel” activity, where customers have the chance to win valuable Enrich points. And that is not all – Enrich is taking the excitement up a notch by giving away iPhones every week and watches every day to lucky shoppers. It is a celebration that keeps on giving, and you will not want to miss out!

Enrich’s “Beauty and Bling” event will be held at all their stores located in Mumbai, Bengaluru, Gujarat, Pune, and Indore. It’s an opportunity for everyone to experience the magic of this festive season in style.

Join us for the 8thseason of “Beauty and Bling” and celebrate yourself like never before. For more information and updates, follow them on social media at https://www.instagram.com/enrichbeauty/

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Whatever Productions and Krishna Kunj Production Launch ‘Glam Fame’ Mentor-Based Fashion Reality Show Releasing Soon on JioCinema

New Delhi (India), November 8: A sizzling and transformative journey through the world of fashion and glamour has been set in motion as Whatever Productions, Krishna Kunj Production and Anaika Production have launched ‘Glam Flame,’ a one-of-its-kind mentor-based reality show. Designed for both aspiring male and female models, Glam Flame is a pioneering show that aims to set ablaze the dreams of aspiring models across India. 

With a distinguished panel of judges, featuring Sunny Leone, Neil Nitin Mukesh and Esha Gupta, contestants will have the privilege of tapping into their profound insights and industry expertise. Guiding and shaping the emerging talents at every step are esteemed mentors Rohit Khandelwal, Santoshi Shetty, Dinesh Shetty, and the renowned fashion and lifestyle photographer, Dabboo Ratnani. The captivating journey of Glam Fame – Season 1 will unfold across 10-12 compelling episodes. 

Glam Flame is not your typical reality show—it’s a unique platform dedicated to nurturing raw talent and guiding individuals through the intricate world of modelling. Aspiring candidates from all corners of India will be meticulously selected through a rigorous digital screening process, and those who make the cut will set out on an exhilarating journey, featuring Personal Interviews and Group Discussion Rounds conducted across 12 major cities.

Throughout the series, viewers will be captivated by the contestants’ compelling evolution in areas of grooming, fitness, portfolio development, and choreography. As the journey unfolds, the contestants will encounter distinctive challenges and hidden elements designed to test their resolve and determination, ultimately allowing the most exceptional talents to shine brightly in the grand finale.

Sunny Leone, who is one of the pivotal judges of the show, shares, “Fashion isn’t just about clothes; it is about empowerment. When you step onto that runway, you’re owning who you are. You’re telling the world, ‘This is me, and I’m confident in my skin.’ I’m excited to collaborate with Krishna Kunj Production, Whatever Productions & Anaika Production as a judge of Glam Fame because it’s not just about looking good; it’s about feeling good and believing in yourself.”

Wearing the judges’ hat for the first time, actress Esha Gupta, expressed, I’m super excited  to be a part of Glam Fame! Having been a model myself, it’s truly exciting to engage in mentoring, celebrating, and guiding all the aspiring models out there through the challenges they face in this industry. It’s like the best show I could have been a part of and I’m very enthusiastic about this journey.” 

Actor Neil Nitin Mukesh, added, “Growing up in a family deeply connected to the industry, with my father, Nitin Mukesh, and my grandfather, the legendary Mukesh Ji, I’ve witnessed the ebb and flow of trends over the years. This understanding of the industry’s dynamics is crucial. I believe that for a model to set trends, they must first comprehend the existing trends and the immense potential this platform offers to these young men and women. I’m truly excited to witness this new generation of talent taking the stage on the Glam Fame Show, and I’m here to share my knowledge and experiences with them as they embark on their remarkable journeys of self-discovery and success.”

Dabboo Ratnani, India’s celebrated fashion and lifestyle photographer, expressed, “As a mentor on Glam Fame, my passion for photography and fashion meets its true purpose. I’m thrilled to guide these aspirants on their creative journey. We’ll explore the art of visual storytelling and the world of style together. My aim is to help them carve their unique paths in the industry, sharing the knowledge and experiences I’ve gathered over the years. The focus is on inspiring and empowering the upcoming generation of artists, and I’m delighted to see the makers of the show taking this significant step forward.” 

Unlike conventional fashion-based shows, Glam Flame is committed to preparing aspiring models for success and aims to reshape the landscape of the modelling industry.   The show doesn’t merely hand out titles; it empowers individuals to become models, breaking down barriers such as limited access to proper channels, expert mentors, and financial constraints. In the process, participants get one step closer to their dream of fame.

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Mumbai (Maharashtra) [India], November 8: JWD Media Consulting, a beacon of digital marketing excellence, continues to empower businesses and professionals with its transformative strategies. Focusing on delivering practical insights and tangible results, the company has successfully organized multiple events, shaping the future of digital marketing.

JWD Media Consulting is gearing up for its upcoming event, scheduled to take place at Vatika Business Center, BKC, on November 24th. The spotlight of the event will be on ‘Best B2B Lead Generation Strategies.’ Industry experts, CEOs, and marketing professionals are invited to explore innovative approaches that promise substantial business growth. The event aims to equip attendees with practical tools and knowledge to enhance their B2B lead generation efforts.

In its recent event held at WTC Kharadi Pune on October 12th, 2023, JWD Media Consulting delved into the crucial topic of ‘Key Account Management.’ The event witnessed active participation from 15 individuals, including business owners and marketing enthusiasts. The discussion revolved around effective lead generation in the B2C realm and strategic media planning. The event, spanning three hours from 4 pm to 7 pm, provided attendees with valuable insights and actionable strategies to optimize their marketing endeavors.

JWD Media Consulting’s events stand out for their interactive sessions, fostering meaningful discussions among participants. By focusing on real-world challenges and practical solutions, these events empower attendees to implement effective digital marketing strategies in their respective domains.

For businesses and individuals seeking exponential growth in the digital landscape, JWD Media Consulting’s events serve as a platform to gain invaluable knowledge and expertise. With a commitment to transparency, integrity, and innovation, JWD Media Consulting continues to lead the way in shaping the future of digital marketing.

JWD Media Consulting core values include integrity, transparency, and a competitive edge. These principles guide the brand’s interactions with clients, making every collaboration a partnership built on trust and results. The company caters to two distinct yet interconnected audiences: business owners, CEOs, and marketing professionals seeking comprehensive digital marketing strategies, and individuals at various stages of their digital marketing journey, from beginners to experts, looking to enhance their skills and mindset.

For more details, please visit:-
www.winstondsouza.com

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Hyderabad (Telangana) [India], November 8:  In the aftermath of the much-anticipated grand launch of Dē Italia by Aertsen Living, we had the privilege of sitting down with the visionaries behind this transformative venture. As Dē Italia redefines the standards of luxury in the world of home interiors, we delved into an exclusive interview with founders Suresh Nagala, Vinay Addagiri, and Manidhar Anumalla to gain insights into their journey, philosophy, and the path they’ve paved in the realm of opulent furniture. 

Q: Congratulations on the grand launch of Dē Italia! Can you tell us about the inspiration behind this venture?

Ar.Suresh Nagala: Thank you! Our inspiration came from the desire to make luxury furniture accessible to a wider audience. We wanted to bring opulence and innovation into people’s homes, and that’s what Dē Italia is all about.

Q: Dē Italia promises a fusion of artistry and functionality. How do you ensure this balance in your offerings?

Manidhar Anumula: We carefully curate our collections and source materials from around the world. We believe in the harmony of design and practicality. It’s essential for us that every piece is not just beautiful but serves its purpose in our customers’ lives.

Q: Vinay Addagiri, your role focuses on daily operations and marketing. How do these aspects contribute to Dē Italia’s success?

Vinay Addagiri: Daily operations are the backbone of any business, ensuring that everything runs smoothly. Marketing is how we connect with our audience and share our commitment to excellence. It’s through these processes that we offer our customers a seamless experience.

Q: Material sourcing and the manufacturing unit are integral to Dē Italia. Manidhar, could you share more about your responsibilities in this regard?

Manidhar Anumula: Certainly. Sourcing the right materials and managing our manufacturing unit is at the heart of Dē Italia. We believe in pushing the boundaries of luxury by using the best materials and employing innovative techniques. This is what sets us apart.

Q: The grand launch event was a massive success, with around 1000+ visitors on the first day. How did that make you feel, and what does it mean for Dē Italia’s future?

Ar. Suresh Nagala: We were elated by the response. It’s a testament to our vision and hard work. The success on the first day is just the beginning. We’re excited to continue redefining the future of luxury furniture in the days and years to come.

Q: What’s next for Dē Italia? Any upcoming projects or developments you can share?

Vinay Addagiri : We have exciting plans on the horizon, including new collections, collaborations, and online initiatives to reach a broader audience. We’re always working to make luxury more accessible.

As our exclusive interview came to a close, it was evident that Dē Italia’s founders are united by their passion for luxury, design, and innovation. Their unwavering commitment to excellence, accessibility, and a seamless blend of artistry and functionality ensures that Dē Italia is set to continue shaping the future of luxury furniture in Hyderabad and beyond.

With Dē Italia, opulence is not just a word; it’s a promise that’s being realized every day in homes throughout Jubilee Hills and beyond. The brand’s founders, with their remarkable vision and dedication, have set a new standard for luxury living in the world of home interiors. De Italia is located at 4th Floor, NBK Building, Rd Number 36, Jubilee Hills, Hyderabad, Telangana 500033.

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Rankings by Revenue Places Kingston No. 1 with 78.12% Market Share

New Delhi (India), November 7: Kingston Technology, a world leader in memory products and technology solutions, today announced it has been ranked the top third-party DRAM module supplier in the world, according to the latest rankings by revenue from analyst firm TrendForce. Kingston retains its number 1 position with an estimated 78.12% market share on $13.5B (USD) revenue. TrendForce states DRAM module sales in 2022 saw a 4.6% YoY decline across the industry. Kingston’s revenue showed a slight decrease but held its position as the global leader for the 20^th consecutive year.

According to the report, the world’s top five memory module houses accounted for 90% of total sales in 2022, with Kingston maintaining its dominant market share of 78.12%. Consumer buying trends for electronic products took a hit from high inflation, but Kingston’s robust brand scale, along with its comprehensive product supply chain, limited its decline, keeping it firmly at the top of market share rankings. 

In 2022, its award-winning line of Kingston FURY Beast DDR5 and Renegade DDR5 memory modules received a makeover with the introduction of white heat spreaders to empower users to choose the color that best fits their individual style. In an era where most systems are meticulously designed, Kingston offers modules to complement both traditional all-black systems and now the ever-growing all-white PC. 

“The 2022 findings from TrendForce reflect the company’s ongoing expansion and adaptability in the face of yet another demanding business year,” said Kingston. “This milestone not only reaffirms Kingston’s dominant presence in the market but also underscores the company’s resilience and significance within the industry, as we now proudly maintain our top position for the 20^th consecutive year.”

For more information, visit kingston.com.

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Mumbai (Maharashtra) [India], November 7: Dedicated to hardware and surfacing products, the India Coverings Expo (ICE) is back with a bang and is once again ready to serve various kinds of exhibitors, dealers, manufacturers and visitors interest. Now in its 5th year, ICE is being held in MMRDA ground from 1st to 5th November, 2023.

Notably, this expo was started for providing an important platform for the dealer community, the importers and the manufacturers alike. It is interesting to know that this expo started with Hotel Based Concept that is brands were displayed in rooms of Grand Hyatt & Orchid, the main purpose was to make everyone exhibit from the hardware and surface industry  in Mumbai. Slowly as the popularity of the expo started growing, it was  subsequently organised in bigger hotel rooms and later on,  the 4th edition of the expo was organised at the Jio Convention Centre at BKC, Mumbai. Now the next expo is scheduled to be organised in MMRDA ground in the grandest possible way.

ICE is purely dedicated to hardware and surfacing products. Hardware products related to hardware fittings include nails, hinges, handles, smart home accessories while surfacing products laminates, veeners, things related to walls like wallpapers, artificial grass for turf area etc.

The main motive of the exhibition is to give brands, whether big or small, a bigger exposure among the clients.

Initially, this expo was started with very few exhibitors and as the popularity of the expo grew more and more exhibitors joined the expo and the footfalls of visitors also grew exponentially. Last year, more than 22,000 business visitors visited the B2B trade fair.

The expo plays an  important role in providing a conducive platform to all the exhibitors and visitors and a friendly environment to them so that both are mutually benefitted in the long run.

 Every year new participants are added in the expo with their unique products and brands and it is one the fastest growing expo in the country. It mainly focuses  on marketing into B2B sectors which includes dealers, distributors, traders, manufacturers, interior designers, architects, contractors etc.

 Praveen Hingad is the man who initially visualised about providing platforms in hardware and surfacing products sector and toiled hard to establish ICE. He started from the scratch and his hardwork and vision to create an extraordinary expo in the city of Mumbai eventually paid off. Now in its 5th year, ICE is a name to reckon with and every year thousands of manufactures, dealers and buyers look forward into participating in the expo. 

 Praveen Hingad, Founder of ICE said, “Every year, we eagerly await for this expo where we can present our industry the best of its innovation and brands from Hardware and Surface Industry. We are taking a moment and celebrating this edition with ICE for it’s beautiful journey which we started 5 years back in the Industry.”

 Talking about the show, India Coverings Expo (ICE) being a renowned trade show for its B2B connects in the Industry, he further said, “ICE has built it’s foundations in Hardware and Surface Industry over the years.

ICE has been there for appraising the art and having a vision united for its industry.

The best part is that I myself belong to the trade industry itself. It is now more easier for me to connect and understand the need of the industry professionals. From Pan India manufacturer, dealer, importer, international visitors to contractors, it’s a show for anyone who is looking for branding and  sourcing products in the Indian market, connecting with more than 10000+ business clients which serves the need of the market.”

 Talking about his future plans regarding ICE Praveen Hingad, Founder of ICE said, “We have future plans to add more verticals related to hardware and surfacing products like tiles and ceramics industries. We have also plans to add hardware products like fully furnished kitchens and many more. We are also keen to take this expo to 2 and 3 tier cities which are equally prominent and promising for us in today’s scenario.”

 The advisory board of ICE included names such as Ar. Ahmed Shaikh, Ar. Aslam Kadri, Ar. Chandrashekhar Kanetkar, Ar. Premnath, Ar. Milind Pai, Ar. Anil Chavda, Ar. Kavita Talib, Ar. Sohil Kapadia, ID. Soniya Potdar, ID. Yatin Dedhia, Ar. Lakshmi Govekar, Ar. Zarine Jamshedji, Ar. Prashant Sutaria, Ar. Gautam Naik, Ar. Saurabh Chatterjee.

 It is needless to say that the journey of ICE has been quite interesting since its inception and its growing influence on the manufacture and dealer community of hardware and surfacing products is worth talking about.

 The PR was handled by Purti Havle of Girish Wankhede’s entity one entertainment solutions private limited.

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Mr. Rajiv Gandhi, CEO & MD, Hester Biosciences Ltd

Consolidated Financial Highlights

(Rs. Crore)

New Delhi (India) November 7: Hester Biosciences Limited, one of India’s leading animal health company, manufacturing vaccines and health products has reported consolidated net profit of Rs. 10.75 crore in H1FY24 ended September 2023 as against net profit of Rs. 10.16 crore in H1FY23, growth of 6%. Company reported revenue from operations of Rs. 158.31 crore for the H1FY24, growth of 28% Y-o-Y as compared to revenue of Rs. 123.85 crore in H1FY23. EBITDA during H1FY24 ended September was reported at Rs. 27.58 crore, 37% growth Y-o-Y from Rs. 20.18 crore in H1FY23. EPS for H1FY24 was reported at Rs. 12.64 per share. 

Consolidated results include operations of subsidiaries from Nepal and Tanzania. Hester Nepal had a turnover of Rs. 0.73 Crore in Q2 FY24, primarily from domestic sales of vaccines with overall Net Loss of Rs. 0.71 Crore. The over all impact of exports and international tenders has also been felt at Nepal but we are neutralizing that impact by focusing on domestic business which is showing a lot of potential.

Hester Africa has continued with export sales aggregating to Rs. 1.96 Crore in Q2 FY24 with overall loss of Rs.4.92 Crore, arising primarily on account of foreign exchange fluctuation on borrowings.

• The plant is ready with 6 vaccines registered and another 5 on way to be registered by the end of this financial year. The much awaited harmonization of registration process is under implementation, which will then enable us to start marketing our vaccines immediately to other East African countries, a process which was supposed to have been implemented over a year ago within the East African community.
• The weaker purchasing power of African countries has currently resulted into lesser sales.

Hester’s share of profit in joint venture entity, Thrishool Exim Limited, Tanzania has increased in Q2 FY24 by Rs.0.99 Crore.

Way Forward

We are conscious of the reduction in the bottom line and are working towards restoring the same. Initiatives towards this action are:

Short term:

1. Boost sales and improve productivity per sales person
2. Give a push for exports from all the three plants
3. Work towards production efficiency 

Middle term:

Repurpose the BSLIII Laboratory from manufacturing the Drug Substance of Covid vaccine to human or other veterinary vaccines

Long term:

Focus on R&D to develop next generation vaccines, new vaccines

Animal Healthcare Division

1. In Q2 FY24, the Animal Healthcare division experienced a 16% decline in sales mainly due to the uneven sales of Goat Pox Vaccine. There was an unprecedented surge in demand for the Goat Pox Vaccine (GPV) in Q1 FY23 in response to an outbreak of Lumpy Skin Disease (LSD) in cattle.
2. It is important to note that, GPV sales got distributed across both quarters of H1 FY24, in contrast to the previous year where the GPV sales were concentrated in Q2. The overall sales of GPV for H1 FY24 have maintained consistency with figures from H1 FY23.

Poultry Healthcare Division

In Q2 FY24, the Poultry Healthcare division saw a 4% decrease in overall sales.

1. Domestic vaccine sales experienced a growth of 6%, marking a significant turnaround after six consecutive quarters of decline, attributable to improved sales operations and better farm economics.
2. In contrast, there was a substantial 43% reduction in export sales. This decline in exports was attributed to foreign exchange constraints in African countries, thereby reducing their purchasing ability, which led to the degrowth.

Petcare Division

The Petcare division, launched last year, has demonstrated impressive performance in Q2 FY24, achieving sales of ₹0.94 Crore, growing 98% as compared to Q2 FY23. This achievement is attributed to a consistent trend in the Petcare segment, driven by successful expansion and increased market penetration into new territories.

Standalone Financial Highlights

Revenues

                                                                                                            (₹ Crore)

Profitability Analysis

(₹ Crore)

Overall gross profit margin was maintained at 69% in Q2 FY24.

1. EBITDA and PAT de-grew by 24% and 34%, respectively in Q2 FY24 due to various factors:
2. Further rationalization of product mix.
   • Further rationalization of product mix.
   • Withdrawal of 2 products in Animal Healthcare division due to change in drug regulations.
   • The overall focus to increase the sales of health products in both the divisions to address a wider market.

Product segment updates:

Vaccines sales:

1. All states in India have initiated an immunization program targeting Lumpy Skin Disease through the Goat Pox Vaccine. The distribution of supplies of GPV has commenced, and we anticipate selling between 3 to 3.5 Crore doses over the course of the next two quarters.
2. In Q1 FY24, Hester initiated the distribution of PPR vaccines as part of the National Immunization program. The contract entails the supply of 30 Crore doses of PPR vaccine, with completion expected by October 2024.

Health products sales

1. The sales of our health products were affected by the discontinuation of two of our brands – CurX injection and iSumovet. This decision was a result of the change in drug regulations, which prohibited the use of Ketoprofen for animal purposes. The combined sales of these two products amounted to ₹5 Crore in FY23.
2. To address the above, we launched a new product CurX LA, which is a substitute CurX in this month, and the substitute of iSumovet is expected to be launched in Q3. These two products are expected to recoup the sales loss arising from withdrawal of above brands.
3. Overall the company has decided to aggressively pursue the sales and marketing of health products in both the divisions to address a wider market.

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New Delhi (India), November 7: In a heartening display of commitment to community welfare, ValueMomentum Corporate Social Responsibility (CSR) mission is making significant strides. This mission is laser-focused on two paramount objectives: first, to strengthen primary healthcare accessibility and, second, to bolster STEAM (Science, Technology, Engineering, Arts, and Mathematics) education.

Partnering with the esteemed Nirmaan NGO, ValueMomentum has taken a giant leap in healthcare accessibility. They have established two primary care centers known as WhiteCoats Clinics, serving the populations of Tumukunta, near Hakimpet, and Qutbullapur. These clinics are a beacon of hope for rural and semi-urban areas, where healthcare access is often limited. ValueMomentum’s intervention is effectively narrowing the healthcare divide, providing primary care, testing, and even speciality healthcare to those who need it most.

Furthermore, ValueMomentum’s commitment extends to STEAM education, supporting deserving schools and educational organizations. In addition to grants, ValueMomentum encourages its associates to volunteer their time and expertise to empower educational institutions. The company understands the vital role education plays in nurturing future talents and building brighter, more prosperous communities.

The ValueMomentum CSR initiative is not just another corporate agenda. It’s a compassionate endeavor that’s changing lives, one step at a time. ValueMomentum’s is focusing on healthcare and education is a testament to the company’s dedication to creating a better world for all.

This transformative CSR mission not only exemplifies ValueMomentum’s commitment to the community but also sets a powerful precedent for other organizations to follow. It’s a shining example of how corporate responsibility can be a driving force for positive change in society.

For further details contact Ample Reach PR: +919542976567

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